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A
New Venture For A Newbie
I have read and been helped alot in the Google Adwords
portion of this site for our two company websites.
I know this is going to sound strange or maybe even
stupid but I need some advice. I would like to start
my own website. This has nothing to do with the
work sites...
Search
Engine Optimization for eCommerce Web Sites
If you run an ecommerce site, then you know that
it’s important to make sure that your products show
up in the organic search results ahead of your competitors—especially
if your competitor is selling the same products.
Optimizing your ecommerce web site...
Mass
E-Mailing May Have Gotten On Spam List...
I recently e-mailed my former customers and wesite
subscribers. I also added a link at the buttom of
all the e-mails for people to remove themselves from
any future e-mails. Well now it seems any e-mails
to Yahoo...
Share
Your Best Marketing Secrets Here
I was wondering if we can all put our heads together
and share our best marketing tips with each other.
I know there are alot of newbies in this forum that
could benefit greatly from these tips aswell so
lets share what is working.
Paypal Integration
I am in the midst of having my website completed
and am using Paypal as the payment gateway for my
services. When I go through the payment process,
there are a number of unnecesary steps that the
payer has to go through in order to complete the
purchase.
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04.10.06
Retirement Fear For Owner Managers
By Stuart Lockley
Poor Planning Costs Owner Managers a Comfortable Retirement.
Research carried out by the Bank of Scotland in 2002 established that - Two thirds of Small and Medium-sized Enterprise owner-managers are expecting to retire before or by the age of 60
- 82% of owner-managers over 56 do not have a written plan for dealing with the sale of their business
- Only 22% of owner-managers claim they are very confident they will be in a comfortable financial position by the time they retire.
These results are truly amazing. Owner- managers are hoping to retire while having no written plan for how they will deal with the sale of their most valuable asset and without expecting to be in a comfortable financial position when they retire. By not planning they are unlikely to be able to retire at a time of their choice and are effectively planning for a life of financial difficulty when they finally do sell their business.
Most business owners wish to retire by the age of 60 but very few plan for retirement. As a result many will be working beyond 60, whether they want to or not. If the company is not prepared for sale it will only be able to realise its full sales potential through an earn-out, which is often conditional upon the owner working for the acquirers for a number of years.
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According to a survey carried out by chartered accountants MacIntyre Hudson, 43% of company owners say they are too concerned about running the business to even consider an exit strategy. The unfortunate part is that being so concerned with the running of the business actually reduces the value of the business substantially and means the owner may not be able to retire when he wishes.
Only 22% of business owners claim they are very confident they will be in a comfortable financial position by the time they retire, while preparing a business for sale can increase its value by two or three times. Unfortunately very few owner-managers plan the sale of their business. Could it be that the owners who plan the sale of their business are also the ones who feel confident of a comfortable financial position in the future?
Click
here to read the full article.
About the Author:
Stuart Lockley is
a UK based Business Growth Specialist. |
