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Member You - Always Have an Exit Strategy
If you want to take your business to the next level, you should be making time to expand your networks. Networking can create a variety of opportunities ranging from meeting potential clients to locating new business partners. You can discover new ideas, form strategic alliances or find someone you can simply commiserate with. Ideally you should schedule time in your
The major advantage of this strategy is that you would get relieved of your responsibilities of maintaining the site and services on a daily basis. You would not be committed to regular interaction with the subscribers and yet all your content would continue to sell. The content s
Have you ever asked your self why you work so hard and those around you just do not seem to take work seriously? It is almost as if they could careless if the company succeeds or fails, as all they want to do it get paid. As long as they get a paycheck for showing up and doing halfass work they just do not care one bit.Do you find it difficult to even relate to t
When you consider an exit strategy, the three available options are:
1. Sell the Site. The first option is to sell a profitable site and make a handsome one time profit. If a site is profitable, it will always have a number of interested customers. You may chose to sell your site to a competitor who may want to expand his business, a content contributor who may find it profitable to get a business for which he is contributing the content, or a subscriber who may be interested in taking on the business.
However, when you sell the business, ensure that the contract caters to your commitment to subscribers who have already signed on and paid for the subscription. This would cater to any future plans on a new business where you would have an established track record and customers would already have established trust in your services.
2. Convert the site into a self-maintaining site. This can be achieved by converting all the content available on your site into individual .pdf reports. Now all these reports can be sold piece meal to individuals online. Your commitment to the site can be reduced by closing facilities such as the discussion forum as these need to be moderated and require a presence. As a second step, you could also give out the pdf reports to all subscribers free of cost and also offer them a pro rata refund for services that could not be provided.
The major advantage of this strategy is that you would get relieved of your responsibilities of maintaining the site and services on a daily basis. You would not be committed to regular interaction with the subscribers and yet all your content would continue to sell. The content sh
Obtaining business financing has always been challenging for small and mid size company owners. Traditional sources of financing, such as venture capital companies, angel investors or banks, provide financing that is hard to obtain and usually takes weeks - or months - to set up.Angel investors and venture capitalists, although more generous than banks, only prov
When you consider an exit strategy, the three available options are:
1. Sell the Site. The first option is to sell a profitable site and make a handsome one time profit. If a site is profitable, it will always have a number of interested customers. You may chose to sell your site to a competitor who may want to expand his business, a content contributor who may find it profitable to get a business for which he is contributing the content, or a subscriber who may be interested in taking on the business.
However, when you sell the business, ensure that the contract caters to your commitment to subscribers who have already signed on and paid for the subscription. This would cater to any future plans on a new business where you would have an established track record and customers would already have established trust in your services.
2. Convert the site into a self-maintaining site. This can be achieved by converting all the content available on your site into individual .pdf reports. Now all these reports can be sold piece meal to individuals online. Your commitment to the site can be reduced by closing facilities such as the discussion forum as these need to be moderated and require a presence. As a second step, you could also give out the pdf reports to all subscribers free of cost and also offer them a pro rata refund for services that could not be provided.
The major advantage of this strategy is that you would get relieved of your responsibilities of maintaining the site and services on a daily basis. You would not be committed to regular interaction with the subscribers and yet all your content would continue to sell. The content s
"Networking is getting what you want by helping others get what they want." Zig Ziglar (1926-Present), motivational speaker & authorEvery week, I check my email, mailbox, and newspaper to see what networking events are on the horizon. I’m a typical extrovert - the more opportunities I have to meet people, the happier I am. As I consider which events to attend, I
However, when you sell the business, ensure that the contract caters to your commitment to subscribers who have already signed on and paid for the subscription. This would cater to any future plans on a new business where you would have an established track record and customers would already have established trust in your services.
2. Convert the site into a self-maintaining site. This can be achieved by converting all the content available on your site into individual .pdf reports. Now all these reports can be sold piece meal to individuals online. Your commitment to the site can be reduced by closing facilities such as the discussion forum as these need to be moderated and require a presence. As a second step, you could also give out the pdf reports to all subscribers free of cost and also offer them a pro rata refund for services that could not be provided.
The major advantage of this strategy is that you would get relieved of your responsibilities of maintaining the site and services on a daily basis. You would not be committed to regular interaction with the subscribers and yet all your content would continue to sell. The content s
What Is a Tag Line?A tag line (also known as a “strapline”) is a punchy slogan that follows a logo or company name. For example, Jaguar’s tag line is “Don’t dream it. Drive it.” Or IBM’s “I think, therefore IBM.”The tag line evokes an image of the product or service whenever a person reads or hears it. It helps to establish a
2. Convert the site into a self-maintaining site. This can be achieved by converting all the content available on your site into individual .pdf reports. Now all these reports can be sold piece meal to individuals online. Your commitment to the site can be reduced by closing facilities such as the discussion forum as these need to be moderated and require a presence. As a second step, you could also give out the pdf reports to all subscribers free of cost and also offer them a pro rata refund for services that could not be provided.
The major advantage of this strategy is that you would get relieved of your responsibilities of maintaining the site and services on a daily basis. You would not be committed to regular interaction with the subscribers and yet all your content would continue to sell. The content s
There are two types of people who own their own businesses or professional practices. Those who work in their business, and those who work on their business.Here is the abbreviated version of what these ideas mean: working “in” your business means to treat it as a job. Day to day activities that fall under the very important category of “minding
The major advantage of this strategy is that you would get relieved of your responsibilities of maintaining the site and services on a daily basis. You would not be committed to regular interaction with the subscribers and yet all your content would continue to sell. The content shall be delivered online and instantaneously.
However, this option entails adequate finances as back up as this would be required to pay off all your subscribers.
3. Shut the site down. A non - viable solution but still an exit option would be to just close down the site. This too requires that you pay off all subscribers and thus a heavy expenditure is involved.
A well thought out plan is easy to execute. Planning helps in achieving many ends easily. There is no permanence and thinks change. Today the running of the site that excites you and keeps you involved may tomorrow cease to interest you or your health may not permit its maintenance.
These are the instances when you may consider an exit option. This exit option if planned well in time would permit easy transition.
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