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Ways to Sell Your Business
When you feel that you’re finally at the right time and with the right reasons to sell your business, ask this to yourself: How am I going to sell my business?
Here are some guidelines to help you in preparing your exit strategy.
Liquidation
You need to be able to identify which assets you are going to sell before embarking on business brokerage. Assets are both tangible and intangible. Examples of tangible assets are buildings, land, and equipment, or what we call the “fixed assets”. Other tangible assets are the “current assets” which include cash, inventory, and accounts receivable before you put your business for sale Singapore. On the other hand, intangible assets are trademark, company logo, and goodwill. You need to determine each of them because their value matter on their quality.
Family Succession
As the seller of a small business, you might want to sell your business to your close family members or relatives to ensure that it is passed on to good hands. Before you sell business, it helps to do your homework. Buy and sell business in Singapore to family members is very common. Doing so gives you the assurance that even if you sell your business, its next owner will be responsible enough to keep the business going or can develop it even better. When a family member becomes the buyer of your business through business brokerage, you can still personally help that person in some aspects of the business by giving information and advice on how to manage it properly based on your experience.
Selling to Employees
Selling your business to your current employees is also a good way to sell your business because they are the ones who are most interested in buying it. Most of them know much about your company background including its administrative and managerial functions which makes it easy to buy sell business within the company. Thus, there is a great possibility that these people will be able to carry on the tasks for your business for sale Singapore to continue to thrive after you have sold the business. An ESOP or Employee Share Ownership Plan is a stock equity plan that allows the key personnel and other employees in a company to acquire ownership.
Open Market
When you sell your business in the open market, you attract more buyers if you go through business brokerage – thus you create a competition among them, which increases your chance of getting a higher bid for your business. You can select among them the best buyer to whom you are going to sell your business with the hope of getting your business’ real worth.
Acquisition
Bigger companies are interested in buying small businesses for several reasons. Therefore, selling your business to them is one good way of having return of investment and, at the same time, being certain that your small business will have a new and even stronger management.
IPO
This can also be a viable exit strategy, although it is exclusive to large businesses only. Initial Public Offering (IPO), also called stock market launch, is the act of selling a company’s shares of stock to the public. IPO transforms a private company into a public company.
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Is Affordable Art Easily Available?
Singapore may be young in many things, but its arts heritage stems from ancient times. Art was already in Singapore in as early as the fifth century, and sure enough, its art is deeply rooted in ancient cultures of Southeast Asia. Singapore houses so many artists let alone galleries that endorse their artistic work. Many of these artworks are a show of some remarkable political, social or cultural potentialities of the art gallery industry. These artistic works are a contemporary fusion of cultural based painting and modern art techniques. Purchasing a desired art piece is vital to any art enthusiast and owning the desired artwork comes with some sense of pride and joy.
Is affordable art easily available in Singapore? Well, finding affordably priced art can be a disappointing task, especially when you desire so bad to own some pieces of art, but you just can’t afford them. Most art gallery in Singapore are substantially advanced, supporting so many renowned artworks of leading artists. Many of these galleries offer paintings and prints at considerably high prices. Some artworks sold in an art gallery in Singapore are of lesser known artist, but still, they are sold at substantially expensive prices. Mostly, these galleries purchase incredible artworks from some upcoming artists at considerably low prices and then they resell them at obscenely high costs.
In the past year, so many online Singapore art galleries have been established, and as far as affordability and convenience are concerned, then these are the best alternative to the expensive galleries. Affordable art is now easily available with just a few clicks. Gone are the irksome days when you had to suppress the burning need to own artwork because you couldn’t afford it. Nowadays, you can view the art collection on a renowned online gallery, and you will be utterly surprised at how cheap artwork is. In a Singapore art gallery, you work directly with the given artist, and you are able to negotiate your purchase. Often at times, the pricing of these paintings are considerably low that you start questioning their quality.
Artworks from Singapore online galleries are exceedingly high quality, and you will be mesmerized by their beauty and artistic touch. Most at times, the quality of these paintings from novice artists is not entirely reflected in the price because in a normal art gallery, some of these paintings would be worth thousands of dollars. This doesn’t reflect a compromise in their quality. The intriguing fact about an art gallery in Singapore is the extensive array of artwork they support. You can find practically any artwork you desire online, as opposed to national galleries. Isn’t it thrilling to select and purchase the desired painting without being intimidated by its price or its credibility?
Apart from being repositories for distinctive affordable art, online galleries are the perfect entry point for any upcoming artists. Therefore, if you are an art enthusiast, then the paintings that these newbie artists offer will be a pleasant surprise and a veritable purchase from an art gallery. What’s more, you can keep track of novice artists in online galleries, purchasing new pieces of art they display from time to time. Art is being democratized by these online galleries, and now more than ever, everyone can own at least one or two original artworks in their homes or offices.
Having a passion for pieces of art comes with the desirable sense to be the Singapore owner of artistic work. As much as admiring artworks in galleries brings some kind of satisfaction, nothing compares to the amazing feeling of owning original artwork from an art gallery. With the easily available affordable art online, the dream of owning incredible pieces of art can turn into a stunning reality.
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Investing with a Financial Planner
No matter what profession or job a person may be in, he needs to have some type of financial planning career so as to fight inflation and earn real money to add to his wealth. Anyone can find a professional financial planner in Singapore who has a great knowledge on the subject and they are called financial planners. This is a field that requires knowledge of various investment schemes and financial instruments and their average returns. There are many ways a person can start financial planning.
In Singapore, some of the common and popular ways are investing in property, gold, currencies, bank FD’s and other securities, and stock market. Many people think that financial planning is something that they are not good at. These are the people who need the help and assistance of a financial planner as they can make plans according to the circumstances, income, and time left in retirement. These experts also keep requirements of near future in mind. There are people who plan to buy a car, buy a new home, or need a hefty sum for higher studies of their kids.
Majority of people in Singapore practice financial planning or have a financial planner career in view of their retirement in mind. It is obvious that after retirement, people lose their source of regular income and have to depend upon whatever returns they are generating with the money they invest various schemes. A financial consultant such as linda financial planner in Singapore will also advice taking a life insurance as it is a good way to have assured returns in the eventuality of one’s untimely death because of accident or disease.
The money family gets because of demise of the bread earner helps a lot during financially distressing times. A financial planner can go for as high coverage as he deems fit and also pay as installments of premium to the insurance company in Singapore. Considering the way prices of commodities is rising all the time and keeping the rate of inflation in mind, it is essential for all of us to plan for our future through a financial planning career, especially for life after retirement to be able to lead life as we are today.
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Starting Out an Online Business
It is a fact that there are apprehensions in the minds of readers about the ability to make decent money through an online business, no matter how convincing an idea may appear to them. This is especially true for those who are already doing a job or a business as they have a steady income stream that they are fearful of losing out when they are totally on their own when they finally start a business online. On top of business fructifying later some time, there is the usual gestation period during which the business owner has to invest money from his own pocket.
In a tiny country like Singapore alone there are today hundreds of entrepreneurs and this number includes many working from home moms. This fact is enough to convince those who are thinking along the lines of starting out on an online business. But with enough information, anyone can earn money through a daily deal site. This is especially pertinent for a small country such as Singapore when a person can get a website made and start sitting from anywhere in the world.
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Easier Way to Look for Cheap Products and Bargains
As compared before, looking out for the best, but inexpensive products is definitely a tiring matter. You should hop from a certain place to another for you to find the best one suitable for your lifestyle. But these days, shopping in Singapore can be as easy as sitting comfortably in front of the computer and that’s that. You can now compare different products in just few clicks time. Most people actually found this one an alluring one, not to mention that it really helps them out finding a good product that they need and be able to save up a good amount of money.
Moreover, lifestyle shopping comparison websites in Singapore are simply your lifeline when you are looking for products being sold on lower prices and will keep you updated about different services and products. Comparison websites will also serve as your host of different options for various customers. If you are somewhat a constant visitor in any sort of website offering lifestyle shopping comparison sites making your shopping totally enjoyable and hassle-free. This shopping strategy of this type is popular not only in Singapore, but in the UK market as well. Different popular websites could even offer more than those offering price comparisons on different items.
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