How To Determine The Value Of A Business

If you think that you might want to sell your business in the near future, you’re going to have to determine its value. It’s important that you set the right price for your business if you want to find a buyer. If you’re unable to have your business professionally appraised, these are a few ways to calculate the value of a business.

Look At Your Assets And Liabilities

Take the time to calculate all of your businesses assets. Once you’ve finished doing that, you’ll want to do the same thing for your company’s liabilities. From there, you can simply subtract the business’ liabilities from its assets. If you have $75,000 in assets and $25,000 in liabilities, the value of your business would be $50,000.

This method will allow you to determine the book value of a business. Evaluating a business’ assets and liabilities will also show you how you can increase the value of your business before you sell. If you’re able to reduce your liabilities, you could substantially increase the value of a business.

Compare Your Business Against Recently Sold Businesses Similar To Yours

Take the time to look at businesses similar to yours that were sold in the last few years or so. Pay attention to how much those businesses sold for. Consider whether your business is likely to sell for more or less than the businesses you are looking at.

Looking at businesses that recently sold will let you see what people are actually willing to pay for a business similar to yours. Businesses don’t always sell for their book value. It’s not unusual for a business to sell for substantially more — or less — than that.

Consider The Financial History Of Your Company

If you want to find a buyer for your business, you’ll want to demonstrate that your business is a smart investment. You should take a look at the financial history of the business and work to show that the business is profitable.

If your business has struggled in the last year, investors might see it as a high-risk investment, which means the total value will be lower. Selling a thriving business is easy, but selling a business that isn’t doing well is a more difficult process.

Now that you know how to determine the value of a business, you can work to find the right price for your business. If you price your business appropriately, you’ll be able to attract buyers right away.

Pre Purchase Property Inspections

When you are purchasing any property, whether, for use or investment, you will be making a substantial commitment in funds. For many of us, buying a property or home is a once in a lifetime investment that needs to be taken with all due care. The property that you are contemplating buying may be new or old, but it makes sense to have it properly inspected by building and pest inspection service professionals so that you are exactly aware of what you are buying. There is no doubt, that this does involve some expenditure, but skimping on this, which can form a very small portion of your final cost, can be foolish.

When you go through pre-purchase property inspections, you can be sure that the property and the land around it 2 brick homesare not in any dangerous condition. A property can have defects in the plumbing, wiring or leaking walls and roofs and other defects that will require some expense when the property is acquired. Once these are all clear through the pre-inspection report,  it is up to you to decide on whether you want the seller to rectify this or use it as a bargaining point to have the price reduced.

Ensure, that pre-purchase inspection of the property, are carried out by reputed firms whom the seller will have to accept. This report can also be an insurance against bad pricing. A seller can always undertake such inspection on his own so that buyers are sure of what they are buying, and all the cards are on the table. In any such inspections done by the purchaser or the seller, the entire property must be inspected from the building surroundings to every aspect of its interiors. Inspectors must also make it a point to look for pests, signs of mildew and mold, as this forms a very important aspect of any home inspection. The drainage, and waterlogging, if any, must be noted. Floors and walls must be inspected for cracks or settlement, doors and windows for their proper functioning, plumbing, and electrical systems for their defects, roofs, and eaves for likely defects and any other defect that is noticed and may require some expenditure to rectify.

Many experts who undertake such inspections will also give you rough costs of repairs to defects like termite management, which can be used by the purchaser to renegotiate prices. It makes sense to also take a look at past utility bills, to see if there are any potential leakages that may require being corrected. A pre-purchase inspection will give the buyer a very realistic idea about the property and likely costs to bring the home to a level where they do not affect functions. You can expect such reports carried out by sellers as long as they are done by a company that you have faith in, otherwise as a buyer, it always makes sense to undertake this operation at you own cost. You are then sure of what you are buying and know exactly what you are getting into.

The Carpet Cleaning Business

Are you thinking of starting a professional carpet cleaning business? A carpet cleaning business can be lucrative, especially if you are in an area with a demand for the services. However, you might need to do a survey of whether the carpet cleaning companies in the region are enough to support another one. This is best referred to as demographic study. If you have funds, and you feel that there’s room for another one, then you can move to the next decision which is whether to open a residential or commercial carpet cleaning company.

One of the most important things to consider when starting a carpet cleaning business is whether you want to start from scratch or purchase a franchise. The franchise is obviously expensive, but with the cost, outlay comes the formula for success. The main advantage is name recognition, and the equipment might be discounted depending on the franchise.

Next, and perhaps the most important step is figuring out how to finance the business. If you have a good credit record and a comprehensive business plan, then getting a small business loan should be a problem. You can ideally use your credit card to pay for the start-up costs, but this can be quite risky due to the penalties incurred from failing to make timely payments. Perhaps the best way to finance a carpet cleaning business is through your own personal savings, but a loan is always an option if you don’t have any savings.

Once you have resolved the financing, the next step is purchasing the appropriate carpet cleaning equipment. Generally, you will need some vehicle, preferably a van or a truck and cleaning machines, depending on the type of carpet cleaning company you intend to start. Cleaning equipment can be very costly, and so, you will need to hunt down for great deals and even consider buying used equipment if finances are a hurdle.

The next important consideration is whether the business will be a one-person operation or if you will need a crew to help with the various aspects of the business. It’s recommended to hire personnel so that the business can run smoothly.

When everything is in place, advertising your business comes next. You can use the various means of advertising. You can place an ad in the local newspaper, the TV and radio stations. You can ideally use fliers and business cards to help spread the word about your business. Word of mouth is another effective form of spreading the word and if you belong to any organization and clubs, let the people know that you offer carpet cleaning services. This can really jumpstart your business, especially if you are in a competitive area. Do not forget to create a website and have it optimized for the search engines locally. Also, create social media pages and ensure they are active. This way, people can reach you quickly when in need of your services, and you will also get valuable feedback from the masses.

Keep these important aspects in mind and starting a carpet cleaning business won’t be a drag.

Car Stereo Repairs

Having an amazing stereo in your car can make driving much more enjoyable. Being able to listen to your favorite tunes while you drive can make your daily commute go by much faster and can make taking long road trips far more fun. Unfortunately, however, stereos sometimes fail. If you have been experiencing trouble with your car stereo, you should take it in to have it repaired. Usually, this is far more economical than replacing it.

In most cases, just about every problem that you experience with a car stereo can be fixed. The key is to take it to someone who knows what they are doing. That means that you need to spend some time finding the right company for car stereo repairs.

Depending on where you bought your stereo, you may be able to take it back to the same place to have it worked on.car stereo repairs Often, companies that sell stereos also repair them. You may even find that your stereo is still covered by warranty if it is relatively new.

If you can’t go back to the company where you got your stereo, you can always search online for repair companies in your area. The good thing about looking for businesses on the Internet is that you can usually find reviews from other customers along with information about the business. Often, these reviews can help you determine whether or not it is worth taking your stereo to one of these companies or whether you should choose a different company instead.

If you are on a tight budget, you may want to call around to a few different repair companies and describe the problem that you are experiencing. They should be able to give you a rough estimate of how much it will cost to fix over the phone. This can help you find a company that falls within your budget.

Finally, another important thing to keep in mind when looking for a company to handle your car stereo repairs is the brand of your stereo. Some repair companies specialise in working on stereos from certain manufacturers. If you can find a company that focuses primarily on the type of stereo that you have, you may stand a better chance of getting it fixed correctly at a price that you can afford. As long as you take the time to check out several different companies before deciding which one to use, you should be able to choose the right company to handle your repairs.

Using Ground Penetrating Radar To Scan Concrete Slabs

Ground penetrating radar is a very useful device for locating buried systems, like underground utilities. It can help to create a map of things that lie below concrete slabs and is used to assist construction, maintenance and repair.

Earlier systems for locating underground piping used metal detectors, but this required the pipes to be made of metal. With the use of pipes made of PVC or HDPE gaining a lot of prominence, metal detectors were not found to be useful, and hence the greater use being made nowadays of ground penetrating radar. This radar can locate objects made of any material, and this gives a very accurate picture of things that lie below the ground or below concrete slabs. This enables all the obstacles to any activity to be known in advance, and assists in planning of operations, so that time is rarely wasted, and the digging to reach the location limited to very precise locations. This can also be a great money saver, as this radar can even help to spot defects in pipes, leading to it being able to define the area affected and which needs attention.

The equipment that helps ground penetrating radar transmits sound waves of very high frequency, which can penetrate ground to several feet below and concrete of some thicknesses. These sound waves then bounce back to the receiver that is part of this equipment. This gives information of the depth to which the sound waves have reached, and the density of the materials that are hidden from view. The equipment is calibrated so that is can create a detailed map of the utilities which are hidden. This calibration is based on known times to penetrate various materials and this gives the technician the information that is required. A number of passes are made over each area to confirm and reconfirm the results, so that the right conclusions can be drawn.

Learn more:  How to scan before you drill…

There is virtually no limit to the utility of this form of radar equipment, and besides detecting pipelines and other utilities running below ground or concrete slabs, it has been of great help to archaeologists who can identify the existence of objects below ground, and save themselves the trouble of excavating in areas that do not contain any artefacts. Geologists use it to identify the various types of soils below ground. Engineers use it to penetrate concrete slab to judge the rebar within the concrete and find it very useful as a form of non destructive testing, when the structural capability of buildings is in doubt.

Ground penetrating radar equipment is expensive and sophisticated and requires the technicians using it to be very well trained. The usage on most projects or sites is very limited, and this has led to companies who own such equipment to hire it out to casual users, or even undertake particular assignments which are within the capability of their equipment. Ensure that any company that you hire for this work has the right technology, trained staff and the experience in carrying out the type of work you want them to do.