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Does anyone have recommendations for businesses who do company valuation?

We are looking to get our business valued. Has anyone done this before? Any recommendations on a... read more

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Steven FreemanOwner at Evolved Sound
I have a very credible and indepependant contact who can assist with this. He prepares formal business valuations for any small to medium businesses. He works in association with lawyers in the divorce, commercial law, business law, areas where there is often a need to have businesses valued accurately. Contact me directly Craig and I will pass on the details.
Craig Hyland
Thank you Hitesh!
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What do you use to manage work/life?

I am currently using 3 diaries - biz, work, home! It is definitely not efficient, and at times is... read more

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What sacrifices and risks am I willing to take to be successful?

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How will I balance family and business?

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Any advice or tips to consider while reviewing the proposals?

I'm out of my depth on this and naturally would talk to our accountants and lawyers etc read more

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What is the go with spammy sales emails that you can't unsubscribe from?

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What do you do when you can't even get a client in the door?

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When you arrive at a new town or city; what sort of information do you want to know

or what are the things you look for? read more

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If you have done jobs for groups like Target and Tyco, do you have a right to list them on your website as past clients?

Steven FreemanOwner at Evolved Sound
Depends on the specific agreement you have with them. Just because you served them doesn't give you the automatic right.It is generally OK to list them, however displaying their logo may be a breach, so it is best to seek their written permission first.
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What is the right time to buy Investment property?

How much money do i need to get into property investing? read more

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What have been your biggest challenges in starting a business?

Daniel BradyOwner at Heavenly Hammocks
1. Growing sales further. Our sales are up 150% year-on-year, but higher would be better.2. Warehousing. Since recently, we've been using a fulfilment warehouse (Brisbane Logistics). It works pretty well except that their Toll delivery charges aren't cheap compared to FastWay. However, the rent charges only seem economical for our best selling products, not the slower moving products.So the less-popular products are still stored at home, while the popular products are warehoused. So we're only half-way to being a properly warehoused business.
Marketing. Was a huge learning curve. And I don't enjoy the tasks.
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Questions

How can I get a venture capitalist to pay attention to me?

Steve OsborneOwner at Smarthinking
DebraA similar question* was asked some time ago by one of the Savvy community. Ling asked:"What can I reasonably expect from venture capitalists for my new startup?"Altho' you may or may not be a startup in the traditional sense, I think the way you get VC's to pay attention to you is to give them what they want. Here is the answer I gave back then, which applies equally to your question:Without knowing what your startup is about, my comments are pretty general. Therefore, it depends. Amongst many other things, it depends on what industry you're in, what the scalability potential is like and how much skin the founders have in the game.The first and most obvious thing to say is: they expect a return. And that mighty quick. My experience preparing business plans for VC investment taught me several things – the most important being: 1. your idea is worth precisely zero until it is implemented. Investors want to see a working model. 2. investors are taking a big risk, therefore will expect a big return. After all, if your startup is not doing something that's never been done before, by definition it's just another business. And if all you need is money, go to the bank. So expect them to ask for at minimum, 30% return over 3 x years on say, $1mill. 3. investors are most interested if you can clearly show your three different customers. If you can define these three distinct groups early on, you stand a better chance of growth and a better return on exit. A wiser man than me defined them thus: Customer One is your end-user. It is to serve her needs that your business was created. Without this customer, you don't have a business. Customer Two is your bulk-buyer. This second customer is the one on whom rapid expansion will pivot, based on the idea that it's easier to sell to one who buys 1,000 than it is to sell to 1,000 who only buy one (customer 1). This customer shapes the speed and scale of growth. Customer Three is the business buyer. This is the entity that will eventually buy your business. This individual or company will ultimately make more from your assets (customers, database, products) than you can. This customer shapes your positioning, your customer information collection, your database. And this customer is the most difficult to identify. But it's this last customer the VC's are most interested in, because that's where the greatest value lies. If you can demonstrate a firm grasp of how each customer group is linked, you can argue a simple and very powerful case for investment. Everything else is just logistics. Ask Neil at Wardour Capital about this stuff. He is the expert.**Note to SavvySME Questions Admin: there is no system available within the site to refer to previously asked questions, if they were answered more than a few months ago. Perhaps a form of cross-referencing could be devised so questioners could find out whether their question already has an answer?
Jef LippiattOwner at Startup Chucktown
Debra,One of the most important ways to get a venture capitalist excited about your business is by looking for the right connections.You don't want to approach just any VC. You want to approach VCs that are interested your business industry or type of business.You also need to customize information you are sending to individual VCs so they can tell there is a personal touch (don't blast out stock emails to a bunch of VCs).One of the best ways to attract investors is to have you business positioned correctly. There are key metrics that VCs find more tantalizing than others, so know them. Some questions and metrics to keep in mind:Do you have a repeatable method of monetizing your business / users?Are you cash flow positive? If you aren't, when will you be?What is your cash burn rate per month?How many Monthly Active Users (MAU) do you have? Is it increasing?Who is on the team and what are their areas of expertise?Do you currently have any mentors or advisors? What are their strengths?How much money are your trying to raise?What will you do with that amount of money specifically? How will it help the business?If you can answer more than half of those questions, you should put a slide deck together or start looking for pitching opportunities. If you can't answer even half of those questions, wait until you can before approaching a VC.
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How can I obtain cash to maintain and grow my business?

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What terms would you search online to find someone who can install your baby capsule/child car seat in your car?

I'm curious as to what words people are searching online. read more

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I'm wondering if any of you have worked with influencers and if so, how did you find the experience?

It's something I'm considering and I'm keen to hear from business owners who have gone down this... read more

I am interested in other people's experiences too. Wathcing with interest :)
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When you publish a blog on LinkedIn, does it stay anywhere or can you find it later?

And where do I find other people's blogs or do I have to check every day? Can't seem to make sense... read more

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First person or third person for an 'about the author' blurb?

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I'm in alot of their groups and you can't advertise within - so how can I introduce my product to them?

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What admin tasks have you successfully outsourced to VAs? I'm after some ideas for the nitty gritty admin tasks.

I wonder if I can ask for some advice on a topic that has, no doubt, been covered here many times... read more

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Can anyone give me some good info about drop shipping? More specifically how they have found it?

 Who you use? Any pros/cons and perhaps any bad experiences! Please and thank you! read more

Steven FreemanOwner at Evolved Sound
It can work and it can fail like anything. You lose a lot of control compared to stocking and shipping goods directly yourself. Drop shipping adds another layer between you and your customer and the drop shipper is never going to care about your customer to the same level you will within your own business. It's all third party arrangements with mixed results. Depends on what you're selling and who you're partnered with to drop ship which will determine the viability and potential succeess.
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