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Increasing Your Business’ Value Before a Sale – Financial Considerations

Many owners do not consider the sale of their business – and hence, the business’ value –  until they either get ill, have financial problems or decide they are now ready to retire. Given that many business owners run their businesses as lifestyle businesses – i.e., the company has the operational infrastructure, culture and style…

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Three Ways to Value a Company: Video

Do you understand how to value a company? If you are considering selling your business, before you  enlist the help of a small mergers and acquisition firm or merchant bank, you should have an idea of  your firm’s business value, i.e., what your company is worth. If you intend to use a broker or other…

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3 Tips to Build Employee Loyalty and Morale: Video

High employee morale can have a huge positive impact on your company. Unfortunately, the converse is also true; low employee morale can have a large negative impact on your business. Many business owners assume that it is money that drives employee engagement, empowerment and satisfaction. Although that opinion is not completely unwarranted -i.e., offering significantly…

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How Technology Has Influenced Global Business Partnerships

The globalization of trade has been running hand-in-hand with technological progress, particularly in the fields of information, management and remote collaboration. The global village that Canadian media philosopher Marshall McLuhan envisioned in the 1960s has developed into an interconnected world of free trade agreements and connected workplaces. International partnerships that were once considered to be…

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Trends and the Potential Impact on Your SME

So many small and medium business (SMB) owners keep your heads down, focused on the day-to-day of running the business. We spend our time working in the business instead of on the business. The Resourceful CEO blog is here to help the owners of SMEs (small and medium enterprises) like yourself work on the business,…

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3 Ways Mediation Can Improve Business Partnership Relations

The relationship between business partners should be one of mutual trust and respect. Unfortunately, this isn’t always the case. When problems occur, business partners often fall out. Fortunately, mediation can be used to strengthen partnership relationships in the ways listed below. A Gesture of Respect Mediation is a process, not an event. Mediation shows that…

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Leaders Are Accountable

In the last few weeks I’ve been focusing on accountability with a client. There are other things but accountability – holding both yourself and your team accountable – and how to build that into the daily, weekly and monthly structure – is a big determinant of continued success. Thus, I found this article by Vernon…

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Small Business Certification Options

There are a number of certifications available for small and medium businesses. Being certified can help you get “your foot in the door”. In addition, if you or your business development team position your company well and conduct effective business development and marketing activities with applicable government or large corporation personnel, being certified can lead…

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Raising Money? Sources and Uses of Funds

Have you recently tried to get a bank loan or raise funds from friends and family, angel investors, small private equity funds or other sources? Did it just not go well? If so, read on for assistance. A company that I previously sat on the board of was raising funds to pay for another production…

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Business SEO: Best Tips to Optimize Your Company’s Website

Optimizing a website is an ongoing process that requires patience and devotion. While you could immediately dump money into a pay-per-click campaign, that style of marketing is prohibitively expensive for many businesses. Instead, you or your marketing team may want to try a few of these tips that are both effective and affordable. Keep Producing…

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