Small Business Coaches Are Masters of the Business Succession Planning Process

Whether we are planning for the future of a business or planning our next road trip, to get somewhere we have to know where are right now and where we're going, before we can determine which way is the best for us to go right now.And we have to get agreement on where things stand today and agreement on the ultimate destination, before everyone will buy in to the travel itinerary.

Small business coaches can help you eliminate the frustrations and disagreements that often result from a lack of shared goals.They do this by helping to uncover the hidden agendas and secret desires of the participants.The result is a sense of common purpose and direction that solves the typical situation where there are arguments from different perspectives.

Often individuals are saying one thing and meaning another, not realizing that they really do agree with one another's point of view in principle.More often than not it is managing agreement that is the biggest challenge.People wanting the same outcome just expressing it differently and not listening to one another.

Surfacing agreement is one key role played by small business coaches, especially those elusive matters that have previously been difficult to discuss.This is particularly important when an individual might believe an issue is unresolved when it has in fact been settled and vice versa.Helping to uncover specific issues that need to be addressed and providing a suitable forum where individuals can express their concerns are principle benefits of engaging a business coach.

The questions are critical to understanding the status of the succession planning process.Their answers become an important ingredient to be added to the mix by the person who is responsible for managing the planning process - information your traditional advisors will find useful if not critical if they are to create the documents that convert your desires into facts.

Their purpose of to identify the owners and the shareholders goals, to help make everyone involved with the business aware of the typical planning goals in a business like this, to encourage individuals to think through their goals and set some priorities - it's going to be impossible for everybody's goals to be met 100% of the way - so having priorities identified will be very important when it comes time to negotiate.

Small business coaches provide a focus for current and continuing discussions.Discussions that get a sense of the problems and challenges the individuals involved see for the present and the future.While many problems are common to family owned businesses, each business and each family is, in fact unique.

The answers can serve as a measure of how much has been done, and how much still needs to be done in the planning process.They provide an excellent picture of where you are today and the information is important to your advisors and your planning coordinator.

What most closely describes your agreement or disagreement on each of the following statements?

We have heirs who are strongly committed to continuing to manage our business.Since the long term financial and personal success of everyone is tied to the future of the business, knowing that the next generation of owner operators in on board is critical information.If they are not interested, not capable, or not willing under the circumstances to take over the business going forward, it's important to know it as soon as possible so other options can be explored.

In our estate plan, our personal objectives, feelings, and concerns have been given equal weight with tax consequences.We have written documents in place that deal with the future management and continuation of the business.The owner's spouse understands the important provisions of the estate plan.The answers to these questions will also determine how issues of "fair vs equal" among the heirs have been handled.And it will be possible for the advisors to determine the price tag the successors will be responsible for - where the money is going to come from to pay it, etc.

We have qualified advisors helping us with our estate planning.We have reviewed the provisions of the estate plan with the person who will be executor.It's important to recognize, whether you are a member of the senior generation, the successor generation - or if you are the business coach, that lawyers and accountants have strict codes of ethics they must follow.

If the lawyer is dad's attorney, who is being represented here?If the accountant is the business accountant, who is he or she beholding to?Should everyone get a lawyer?How can the interest of each group be protected within the bounds of professional responsibility each professional brings to the table?

Who better to help sort this out before it becomes a disagreement, a fear of favoritism is expressed by some, concern about being slighted is present in the minds of some, or some people are really mad and ready to sue because they feel they were taken advantage of?

Who you gonna call?A confident successful business coach of course.Small business coaches are emotionally unattached from the businesses they deal with, they can actually recognize difficulties more clearly, and they are governed by the agreement you and they are party to that defines their relationship with you and your family business.

About the Author

Successful business owners understand the importance of developing relationships with competent professional advisers who will work together as a team to insure their long term success.

They also realize the valuable impact that business coaches have on them and their business, sorting out what's important and then working seamlessly with their traditional advisors.

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The Quickest Way to Make Money Easy Online

There are several ways on how to make money easy online.There is always affiliate marketing and advertising on your website.There is always blogging and paid blogging.There is always buying and selling products, services and even just ideas.There's also filling out surveys, and then there are mentoring programs.However, the term "easy" is rather relative.In order to make money easy online, you also have to be prepared for just how much your efforts will cost you.Some money making schemes may generate you an income, but exactly how much is the more important question.Will you be willing to settle for a couple of bucks a month, or a couple or bucks a day or a couple of bucks a minute?

For example, affiliate marketing is one way on how to make money easy online.From the way some affiliate partner hawk their programs, you would think that easy money is literally just a mouse click away.However, it really is not that easy.You need to put a lot of effort into your business endeavor as well.Money actually comes pouring in when you have got a great system working already for you.For starters, not all products, services or ideas sell.Some do make brisk business while others have spider cobwebs written all over them.In order to make money easy online, or rather, make money easier, you would have to make some serious research on the market first and foremost.

The best way of finding out what sells and what does not is to see firsthand where potential problems lie.If there is a product that seems to be lacking in the market, or a problem that needs a solution, or some idea that seems to be a stumbling block for many people, then this is a good starting point.From here, you need to find an affiliate program that either has the solution or the product that can provide the solution.You can be assured that this is a better way to make money easy online because you know that someone will actually want to buy it.This is opposed to simply hoping for the best with a potentially saleable product with no market yet.

Also, when you do subscribe to affiliate market, you still have to make ways to make sure that you do earn a respectable income from your endeavors.After all, what's the point of going into business if you are not going to make money off it?This is where finding a system that actually works come in.This business practice is not merely about publishing an article on a website, an article directory or even a blog, with hopes that people will read it (let alone click on the links attached.) You need to find a proven system that can help you generate more cash than just the occasional payoff.

For this you need to find a system that will help you garner email accounts (the legit way,) set up email notices and newsletter alerts.This way, you are actually increasing your money earning potential.Saying thus, it is important to note what your money earning potential should be.This is best done when you have worked out the kinks from your working system.By establishing just how much you want to earn in a day, week or month, you are literally dictating your own path to online riches.

About the Author

Want to make $128 per day with make money easy online techniques?

The free report at http://www.InstantWealthMachine.com will tell you the exact method smart marketers are using to pull $100, $300, $500 or more from sub-niche markets.

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Huge Pre Christmas House Price Fall

Despite the housing market having been at a very low ebb for some time, especially in the London area, only recently have sellers accepted that they have to recognize the situation and adjust their prices accordingly.Until a few weeks ago they appeared to have seriously misjudged the effect of the credit crunch and have been reluctant to adjust their prices to match the current circumstances, with the result that successful selling has largely been achieved only by those who have been prepared to trim a significant sum off their asking price.

Some hopeful sellers have accepted that prices peaked last year and that a reduction in the asking price has become essential if they are to stand any chance of closing a deal, but despite this many have been over optimistic.Even as recently as four weeks ago they were hoping that a price reduction of 5.4% would be sufficient, whereas the more realistic ones were having to apply reductions of around 20% before the proposed price would be accepted.

Reductions of this magnitude on London prices can represent a considerable sum, especially when applied in the areas where asking prices are usually at or near the top of the range.So although property search engine Globrix reports average reductions of 28,796 in London generally over a two week period since the first half of November, the figures for specific areas are rather more startling.The average reduction in asking price for a home in Kensington and Chelsea has been 100,797, whilst in Westminster even this figure has been topped with an average of 108,166 off the asking price.

An example is a property in Kensington and Chelsea which in August was for sale at 499,950 the suitable price for a two-bedroom flat in pre-crunch days.This asking price has been reduced in two 50,000 stages (the last one being applied since the end of October) to a current 399,950.

Globrix have made the point that this is a very strong market for buyers, for whom excellent opportunities have opened up.Those with financial arrangements made and ready can now negotiate at price levels which until recently would have been regarded as preposterously low.They have issued results of tracking prices in less affluent areas of London, with results shown which follow the trend.In Lambeth and in Richmond the average reduction exceeds 40,000 and in Camden the average is over 55,000; in the lower cost areas such as Barking and Dagenham, Newham and Havering the averages were just below 12,000.

Estate agents Dreweatt Neate have said that prices are plummeting and to stand any chance of a sale the potential seller has to follow the trend or accept minimal chances of any interest by buyers.This reasoning is being taken up by sellers who find that their property has hung fire for some time, and by new sellers who have also by and large got the message and whose prices are following the downward trend.

The situation is unfortunate for those who have to sell due to a change of employment or similar unavoidable circumstances, but a slightly brighter point for many sellers is that they will also be buyers.They will then take the fullest possible advantage of the situation and will stand to gain some if not all of the amount which they lost as sellers.

With money for loans becoming ever more difficult to obtain, the number of mortgages being approved will continue at a low level October 2008 was 52% down on October 2007 in the number of new home loans.Seema Shah of consultancy Capital Economics has forecast continuing subdued activity.

About the Author

Interested In getting a quote on a Mortgage?

Please Visit the mortgages-makesense.co.uk for more information and other resources.Our sister site Brokers Online offers cutting edge articles and information about mortgages and other financial products.

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Can Internet Newbies Build MLM Teams Online?

As a network marketer of 7+ years, I had grown weary of constantly trying to motivate members of my team who were weary of constantly trying to find more people to expose to the business opportunity.I was out of ideas for ways to suggest to them for finding more people to talk to.

I believed there were probably network marketers using the internet to build their teams, and I was determined to find out for myself!

So the quest beg an.For months, I spent untold hours diligently searching and researching, seeking the true answer to the question "Is it possible to successfully build a team online in a network marketing company?" After many months of thorough investigation, I am convinced that I have found the answer: Unequivocally, "YES, IT IS!"

Not only did the results of my research prove to me that it is possible, but it is fast becoming a much-preferred technique to "traditional" network marketing methods.

While the systems I studied vary widely in specifics, all share the common goal of having the system do virtually all of the "prospecting." The object is to save you from wasting any of your valuable time to find out if someone is a prospect or not.Anyone you talk to should have already learned about your business, qualified themselves, and either contacted you or requested a call.

While you may have some emails and phone calls to return from prospects and people who join your team online, your main work is to drive lots of traffic to the lead capture pages of your system.The more traffic the better.Don't be alarmed, if you select a good system, the tutorials included with it will teach you everything you need to know to do that successfully.

A fringe benefit of many systems, that I heartily endorse, is a way to make money from prospects who do not even join your business!

After several months of studying various systems, I finally recognized that I was suffering from "analysis paralysis." I decided it was time to stop researching and start testing!I narrowed the field to the three systems I was the most impressed with, and spent a week analyzing and comparing the three.I forced myself to make a decision, and selected one to test.I spent this evening getting it all set up & personalized.

And I did it myself!Yes!I, by myself, was actually able to follow all the instructions in the video tutorials to "plug into the system" and get it up and running without a hitch!Those who know me, with my woeful lack of computer skills, probably won't be able to believe that, but I swear it's true!The fact that I did it by myself speaks volumes for the people who put the system together, and wrote the tutorials.All the instructions were crystal clear, easy to understand and easy to follow!No tiny little detail was omitted.

I am ecstatic to finally have my 21st century online team building system up and running!I have tested it, and it is operating like clockwork!Now I am going to apply the techniques for generating traffic, with the help of the tutorials in the system, and throw open the floodgates!Hallelujah!

About the Author

We are helping others achieve financial independence through network marketing.

To see which online team building system we selected as the best among the many that we analyzed, go to www.InternetTeamBuildingSystem.com

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How To Thrive In The Current Recession!

The King Is Dead Long Live The King!!

Yes, the King is dead.

We all know who the King was, the King in Ireland, and pretty much the whole western world for the last twenty or maybe fifty years has been property plain and simple.

For as long as I can remember the rationale was, if you're in property you're doing well, and if you've been in property long you're doing very well.Like many of you I've been there, enjoyed it and didn't get out.

So, why am I writing this article then?

Simply, because I realised that I needed another string to my bow.You see the King is dead, but what happens when a King dies is that he is very rapidly replaced by someone else who assumes all his powers, and becomes known in turn as the King.

And Man is the New King powerful.

The thing about the Old King, that being the property game was that too much of the wealth was held in property assets, known as your equity.You know, you had a property that was worth 200,000 euros with a mortgage of 100,000 euros, so theory was you had 100,000 of equity.

And the only way to turn that into cash was to sell it, and who in their right mind wanted to do that?Pay taxes, lose control of an appreciating asset, lose the future potential of that piece of property (who knew where the next shopping centre or dual carriageway
was going to go) etc, etc

The flipside was that there was no money in the day to day running of that same business unless you sold it, because due to superinflated property prices (unless you bought 20+ years ago), the rents and yields relative to debt (after expenses), required to purchase by and large were terrible.

So all too frequently, paper property millionaires were broke.

Hindsight is both a wonderful and a truly useless habit that we indulge in, but it can benefit us if we choose to learn the lessons.

For me one of the most obvious lessons from the property implosion has been that Cash is King, and that if you don't have a business with strong cashflows, (forget about equity) you don't really have a business, more of an obligation.

Enter the New King.The funny thing is the New King has been on the scene for a while.

The good news is that for those who showed the initiative to set up their own property business, who researched and viewed properties, read on their subject, attended courses, advertised their properties, negotiated with tenants, estate agents, vendors, tradesmen and women, managed cashflow and a whole host of other responsibilities is that the experience will stand to you for the rest of your life, and that these skills are transferable to whatever else you choose to take on.

The seeds of entrepreneurialism have been sown, and although the property tide has went out, you can and will be able to apply these skills to the new opportunities that are on the horizon.

To summarise, may I suggest that what you should be looking for now is a cash business that doesn't require significant debt and represents the potential for significant expansion.Some of you will know where I'm going with this.

The key is low overheads and a bigger market.If you're selling luxury Rolex watches, and you're in a town that's in the midst of a localised economic downturn, then the obvious answer would be to get out of that town, and go somewhere that isn't experiencing an economic depression.

Well, what if we said "You know what, you don't even have to move.But, what you do need to do is learn a new skill", and herein lies the key to ending the economic recession here in Ireland.

By learning how to take your business to the largest marketplace in the world, and figuring out how to sell your wares there, you can virtually recession proof your business, and rapidly accelerate your profits.And that's it, the New King is the vast economic potential of the Internet, the World Wide Web.

And believe it or not, this technology is in its absolute infancy.Think car phones that look like breeze blocks, and you're still not even close.

About the Author

If you're interested in staying ahead of the game, of getting the information that will produce results, then sign up for our FREE SUccess Tips at http://www.

ThinkAndGetRichBootcamp.com

Thanks,

Gary McGeown

http://www.

ThinkAndGetRichBootcamp.com

Empire Events Ireland

Tel - +44 2837 528 632

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