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Will You Add? - Buying A Business - Avoid The Caverns! 10 Key Dos & Don'ts
This article is continued from ‘Ten Things NOT To Write In Your CV – Part One’. Your CV (Curriculum Vitae) – Resume for our American friends sells you to your prospective employer. It has to be straight and too the point. However too many CV’s contain irrelevant information. What are the ten things that you shouldn’t write in your CV?6) Don’t be all things to all peopleSome people with a broad range of experience or an eclectic background feel that this can’t be anything but good news for their employment prospects. Wrong, wrong, wrong, wrong, wrong! In all but a handful of circumstances, unless you can demonstrate a clear, logical career progression in your CV then you’re diminishing your chances of future employment. This doesn’t mean that you should lie about your past on your CV. It simply means that you should try and find a common trail of experience in the bullet point summaries of your previous experience. Try not to highlight a vast range of skills from administration to sales unless you’re applying for a general management position.7) Don’t mention every qualification you’ve every earnedhat appeals to the consumer at the lowest possible price and sell it at the highest price possible while maintaining the lowest overheads – simple! But, if the business you are considering is in the d
A career is the sum total of all of your work-related contributions to society in a lifetime. This includes time and effort spent to provide goods, services, or benefit to others. A career includes paid, un-paid, volunteer, part-time, and full-time positions. Your career includes many life roles you may not think of: student, homemaker, babysitter, office worker, doctor, lawyer, etc. A career encompasses all the roles you play and duties you perform. You may have many jobs or positions that make up your career, but you only have one overall career. There are various career options in the modern world of work: Self-Employed, Organization Employed, or Project-Employed.By definition, career development is the interaction of psychological, sociological, economic, physical and chance factors that shape the sequence of jobs, occupations, or positions a person may engage in throughout his or her lifetime. Career development is an ongoing process that includes the aspects of planning and strategizing your career based on information about your self, the world of work, the match between them, and the action you wil
The following 10 points should always be in the back of your mind.
1. Do not buy or invest in a business that you do not understand or are not familiar with. This does not mean that you have to know every detail of the management and operation of that specific business. Hopefully, you will receive specific training from the current owner. What it does mean is that you should, at the very least understand the primary principles of the business. We all understand the principles behind a retailer; buy product that appeals to the consumer at the lowest possible price and sell it at the highest price possible while maintaining the lowest overheads – simple! But, if the business you are considering is in the di
Could logo controversy be good for the Games? The saga over the new London 2012 Olympic brand continues with media attention over the controversy spreading worldwide and generating over 1 million visitors to the London 2012 website.The popularity of the new design is universally low, with the ‘scrap the logo’ petition closed after receiving nearly 50,000 votes for fear that it might damage the reputation of the games, and a CNN poll showing that 89% of people do not title the new logo. This clearly conflicts with the spirit of the Olympic games and with the brand vision of 'Everyone's Games'.To make things even worse, a video clip featuring the new visual identity has been found to cause epileptic fits and has been banned from public viewing. But could all the publicity be good for the games in the long run? Rita Clifton of brand consultants Interbrand stated that “whether people like it or not is not the point – likeability is not correlated with effectiveness in branding.”For a public event like the Olympics though, the effectiveness of the brand is not as simple as generating revenue. Certain
The following 10 points should always be in the back of your mind.
1. Do not buy or invest in a business that you do not understand or are not familiar with. This does not mean that you have to know every detail of the management and operation of that specific business. Hopefully, you will receive specific training from the current owner. What it does mean is that you should, at the very least understand the primary principles of the business. We all understand the principles behind a retailer; buy product that appeals to the consumer at the lowest possible price and sell it at the highest price possible while maintaining the lowest overheads – simple! But, if the business you are considering is in the d
For a small business the cost of a phone system can seem disproportionate to its advantages. But not having one can make a business seem less professional and, worse still, can lead to lost business from inefficient handling of calls.The same dilemma faces a small business start-up, which these days can often mean working from home. One of the first considerations is what phone number to use in order to effectively handle phone calls. Four options immediately become apparent: Use a mobile cell phone for business but risk not seeming professional. Immediately stand the cost of an extra business phone line. Use a home phone and again run the risk of seeming unprofessional when one of the kids picks it up. Or use a human answering service, which adds unnecessary cost to a start up business.However, now, thanks to modern phone switch technology, small businesses whether established or just starting, have a fifth option called a virtual switchboard. And for those based in the United Kingdom, it is often free.A virtual switchboard enables any business to enjoy all the features of a business phone system wi
Every business knows the importance of a proper inventory. Without one, a business would not have a proper tally of its assets and properties. They would not be able to keep their accounting books straight.Broken and lost equipment would remain forgotten and uncompensated for. And the business would not have assurance of how much property they can use to forward their businesses. Keeping inventories may take much time and effort, but every good business owner knows it is well worth its expense.Almost as bad as having no inventory is having wrong inventory. If the people in charge of keeping a company’s inventory do not do their job well, the business in question stands to make decisions based on wrong data.The company may have trouble accounting and keeping with the law too. Only when a proper inventory system is implemented can the business hope not to lose time and effort maintaining an accurate and dependable inventory.You can avoid these problems with inventories if with the help of some simple tips. Inventory keeping does not have to be a back-breaking, menial job that is, more ofte
Cholesterol is like the calibre of staff. LDLs are the dysfunctional staff and the HDL the good ones cleaning up the mess left by the LDLs. The human body requires some cholesterol to function properly. These cholesterol – “good” (high density lipoprotein or HDL) and “bad” (low density lipoprotein or LDL) ones – are found in all cells which help to carry fats in the body.Similarly, in every organisation, there are two categories of employees. There are the “bad cholesterol” employees as well as the “good cholesterol” employees. Those in the first category, the “bad cholesterol” are not natural self-starters and they require prodding by some external forces from the environment before they are compelled towards achieving certain goals.Too much of bad cholesterol can increase the risk of heart attack and stroke, as the bad cholesterol slowly builds up in the walls of the arteries that feed the heart and brain. Eventually, their vital supply of blood, oxygen and nutrients are cut off.In the corporate context, the heart attack would be synonymous with a company suddenly waking up one day and
2. The complexities and timing of the transferring of knowledge from the seller to the buyer is relative to the type of business that is being acquired. A business that is very seasonal, should have a minimum of one full year of support from the seller in order to learn what occurs and how to manage and operate the business with each and every season. Make sure that you have an agreement on how and when the support and transferring of the sel
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