I see people asking this question quite a lot. First off if you really can’t see how anything around you can be improved or done 10x better, then you’re either not the ideas guy or you haven’t got enough exposure to people’s problems to have the ideas yet and that’s fine. Why not join someone else’s startup who has a really good idea? There’s a hell of a lot to starting a business that’s about execution and lots of different skill sets, marketing, sales, business development, strategy and development. The idea takes by far the least amount of time, so you only need one ideas guy and hopefully he’s got other talents too.
Today I saw an interesting post on a blog and immediately had a comment to make. I then took a moment to stretch my arms, crack my knuckles, and gather my thoughts before typing. When I attempted to start typing it into the comment box, I discovered that only comments from Google + accounts are accepted. Nothing else meet’s this guy’s standards. Linkedin? Twitter? Facebook? An address connected to your corporate domain?
Nope. Nothing is good enough for this guy’s blog except Google +.
Why is this such a big deal? It’s because Google + is ruining the Internet. It’s just another pointless douchebag of a social networking platform that no one needs. On top of no one wanting it, it just makes using services like Youtube and Gmail a pain in the ass because Google + behaves like a Herpes virus in that it is always trying to attach itself to the services that you do use. I have lost hours trying to disconnect Google + from the gmail account I use for Youtube. If I succeed the damned thing somehow just reattaches itself.
Why Selling Your Business in the Next Decade May Prove Difficult
Selling companies is no trite task. It can skill at all points along the value chain including, industry analysis, company valuation and seller farming. Such pieces of the puzzle completely ignore and exclude issues relating to company drama and general market fluctuations, which both tend to vex private companies. Moreover, demographic shifts are coming in the next decade which could have an erosive effect on the values of middle-market businesses. Here are some of the value-bursting effects that may dampen corporate valuations and divestment in the coming decade.
Understanding the full import and potential issues of middle-market deals requires a bit of a dive into private company supply/demand economics. United States demographics are shifting rapidly. With over 25% of the population within the “boomer” segment, there are an estimated 7 to 8 million businesses that will need to be sold in the next 10 to 20 years. Using simple supply and demand, it is easy to see that such a boost in supply may create negative pressure on private business value when it comes time to sell.
Data is all around us, and you’d be a fool to ignore it, no matter what your business does. If you’re involved in a start-up, there really is no excuse these days for not doing your research – both early on and more importantly in an on-going manner – and it doesn’t just mean market research. It also means research into what your competitors are doing in your field already – we’re talking competitive intelligence.
First of all, the bare financials. Luckily a number of online tools exist that allow you to search the official records of companies that are held at companies house. Not only can you check out the company’s most recent financial results but you can also get a real insight into the business and the people behind it. Keep your friends close and your enemies even closer by making sure you’re up to speed with their latest position so that you can adjust yourself accordingly, if required.