Not having a properly drafted letter of intent may lead to loss of business as well as ambiguity in setting out the proposed terms of an intended sale. After all, when thinking of buying a business, the intentions to buy should be clearly set out at the very beginning. To get the best out of the proposed deal, it is wiser to obtain a well-prepared, complete and authentic Letter of Intent rather than use untutored and inexperienced methods to draw...more
A reseller is a company or an individual who purchases goods or services in order to resell them, instead of consuming them for personal use. It is usual for resellers to make profit from their entrepreneurial endeavor. A prime example of this is in the telecommunication arena where major companies first buy up more than their requirements of transmission capacity and then sell the surplus to small carriers who in turn sell it to the customer for...more
When purchasing the assets of a company, finding a good letter of intent may not be easy for everyone nor may a good one be easily available especially when you are in need of it most. You may have a general idea and some time to spare to write one for yourself, but you might be slamming the door on yourself if it does not turn out to be effective and useful for those who will be using it. Such a letter of intent to purchase the assets of a company is sure to be carefully drafted, keeping in mind general terminology as well as including salient points that ought to cover all the legal aspects to the satisfaction of the users.The letter of intent to purchase the assets of a company will enable all persons concerned to specify the terms and conditions prior to the writing of a formal asset purchase agreement. It should be concise and lay down the various key points that will prove its value and help facilitate good business purchases. The letter of intent to purchase assets of a company should include:* Facilitating negotiations between the parties, although it is not a legal contract and so not legally binding.* The new company so incorporated by the buyer will lead to his buying up...more
Daily you are leading others. You guide them and hope that they will continue to improve, produce, stick around, and crate the results that you have asked for. Are you providing the same sort of TLC to your own leadership skills, behaviors and attributes? Likely, the answer is no, but perhaps you do. That would mean you work on it, practice new...more
When someone is running a small local business, they can make the absolute most of their marketing budget by making sure they leverage their internet marketing tools. The internet is the one place where a small company can actually have a legitimate chance to compete with their larger competition. The most traffic online comes from search engines....more
Are you feeling a little toasty this holiday season? Would you love to be one of those people who can stand up at the drop of a hat and offer a clever toast? Do you hold back because you aren't sure what to say or do you resist the urge because you aren't sure of the correct protocol?Few people seem to hold back for fear of committing a faux pas. Nevertheless there are rules regarding toasting and if you want to be the polished professional at the office party or the business dinner, here are a few pointers on the correct way to perform a toast: The host should always be the one to start the process. Before beginning it is that person's responsibility to make sure that everyone's glass is full. After the host has offered a toast, others may follow suit.Toasts should be short, simple and sincere. The five-page poem that covers the honoree's entire life up to that point is more appreciated by the one who wrote it rather than those who have to listen to it.If the group is large, it is not necessary to clink glasses when a toast is made. Instead, just raise your glass and take a sip. If the group is small and you wish to touch glasses, look the other person in the eye when you do.Use...more
As the end of the year rapidly approaches, the Tax Working Group is hard at work reviewing the current tax system of New Zealand. The Tax Working Group is a consortium of professionals in academics, government, and industry whose expertise shapes the...more
Normally, gold is priced relative to the global value which is based on global demand and global supply. A gold mine shuts down at the same time as the people in the area start wanting to buy more gold... and the price just about stays the...more
Around this time the previous year, plenty of businesses need to freeze spending. All indications are that the recession is almost gone, so small businesses can get back to normal. Therefore, today is a great time to consider what the recession has...more
While doing business in Europe it is extremely important to be aware of the cross-culture differences. Bearing in mind the cultural influences of a country are crucial for the success of your business. Are you planning to start out a new venture in...more
Waiting 30, 60 and 90 days for customers to pay invoices is one of the most difficult challenges small and mid-size businesses face. It can be particularly hard to manage your business when you're waiting for clients to pay.Invoice factoring is a...more
As its name implies, a business plan is a summary of how the owner of the business, a manager or an entrepreneur wishes to organize his business as well as lay down the procedures and processes needed in implementing the plans to a logical and...more