May 2018

productivity hacks for small business owners
17- May2018
Posted By: Tim Ajayi
1330 Views

13 Productiviy Hacks for Small Business Owners

 

For a small business to flourish and a small business owner to keep his or her sanity productivity is critical . It might be hard to see sometimes but simply making minor changes can improve the efficiency of your workflow ten fold. We?ve gathered several suggestions from around the web that you you can start using today to help get things done faster.

 

  1. Have a List of Priorities -?As an owner of a small business, you probably have a to-do list at hand. The question is, are the items on your list sorted out? Prioritizing means arranging your tasks according to urgency or importance. To sort out your priorities, rank your tasks according to:
  • Must Do
  • Want to Do
  • Will Do Whenever Convenient
  1. Break Projects into Smaller Goals -?Some projects are too big to tackle at once, like writing that TPS report or launching a newsletter. Their size creates inertia. And you end up doing nothing. But if you can break each project into smaller goals, those subtasks become easier to swallow. For example, you might decide to:
  • Write page 1 of the TPS report by the end of today
  • Draft a bulleted outline of your newsletter by noon

This approach helps you overcome inertia, so you start getting things done.

  1. Learn How to Delegate -?Whether you are working with a virtual staff or in-house assistants, ease up some control over your obligations and let other people take care of them. This doesn?t mean avoiding the things you don?t like doing. Recognize which jobs other people are better at and let them handle those for you.

 

  1. Keep Meetings Short -?Before you decide to round up your team for a meeting, consider if the agenda can be sent or discussed through email. If not, keep meetings as brief as possible. If you?re meeting with an in-house staff, have the discussion while standing up. People will be more alert and the meeting will be more straightforward.

 

  1. Don?t Multi-task -?In the past years, people have glorified multitasking as though juggling different tasks at the same time is a badge of honor. The truth is, multitasking usually does more harm than good. Human brains aren?t wired to hastily switch from one chore to another. Less effective and more stressed out ? that?s what multitasking can do to you.

 

  1. Channel Your Inner Bill Belichik -?The Patriots have had incredible success over the yuears and one key to that success is a focus on finding out what players do well and letting them focus on that and not 20 other things they aren’t good at or passionate about. Look at your current team and consider who does what well and apply that to delegating tasks. If you have a few employees that love the idea of writing for your blog and they have some time to devote each week to the task, then they would be the perfect people to delegate the task to. On the other hand, if they are not good writers, or are fully consumed with other revenue generating activities then they wouldn’t be right for the task.

 

  1. Take care of yourself -?Forgetting to take care of yourself is a common issue for entrepreneurs. It’s been shown that exercising in the morning can greatly improve your productivity. Exercise energizes rather than exhausts you, contrary to what the couch potatoes might tell you. Exercising also promotes good health (quick, alert the press!), and some studies have shown that exercise can improve your mood for up to 12 hours following your workout. Less stress, more efficiency–it’s worth setting that alarm 30 minutes earlier.

 

  1. Keep Track of Great Content -?There?s a lot of information out there concerning small businesses and ecommerce, and it can be difficult to keep track of it all. Here are three tools to make sure you never miss a thing.
  • Google Alerts: Get email notifications at whatever cadence you?d like any time Google finds new results on your industry, competition, related news and more.
  • Feedly: Organize all the blogs and publications you like to read via a simple (and pretty) RSS feed.
  • TweetDeck: This powerful tool lets you see what everyone on Twitter is saying about your industry, get involved in tweetchats (and perhaps run your own), follow experts in ecommerce and track your competitors.

 

  1. Make sure that meetings are worth your time. -?The truth is that most meetings never need more than 30 minutes to accomplish their missions. Many only need 15 minutes. Don’t be a calendar-default deadbeat. Next, you’ll tell me you kept your phone’s default ringtone, too. Your time is money. Make sure that the meetings that you and your employees go to are pertinent to the success of your business. Try to stay away from conferences that won?t directly benefit your organization, and do not schedule more meetings than are necessary with the same business partners?superfluous get-togethers hamper productivity.

 

  1. The Two-Minute Rule -?The general productivity consensus is that if a task takes less than two minutes to complete, you should finish it immediately. Whether that means responding to an email or confirming a doctor’s appointment, get those small (but often weighty-feeling) tasks done with, rather than let them collect and snowball.

 

  1. Sign in on Sunday (Just for a Minute) -?Sunday is a day for relaxing, but if you’re often overwhelmed come Monday morning, logging in briefly Sunday evening may help you alleviate some of that Monday mania. You don’t need to make calls or even answer emails–simply assess what your Monday game plan will be, and you’ll sleep a little more soundly.

 

  1. Don?t Underestimate the Importance of Sleep -?Humans need at least 8 hours of sleep each night. Science has shown that lack of sleep not only makes people more irritable and less focused, it can even lead to scary diseases like Alzheimer?s in the future. If employees are boasting that they get only 4 hours of sleep at night, make them stop. Sleep-deprived employees are proven to be unproductive and inefficient. Employees who are tired in the mornings due to lack of sleep will find it difficult to concentrate on important tasks. They will also find it difficult to cooperate and play well with others during the day. Some might even fall into so-called microsleep modes in the middle of the work. In a nutshell, sleep deprivation will kill the productivity levels at work. Therefore, encourage employees to get enough sleep at night. Managers and owners should definitely follow by example.

 

  1. Automate Your Recurring Tasks -?Fortunately, most businesses who like to ensure productivity has a simple way of countering this. To counter the chances of forgetting a task, a major productivity hack that every small business owner should know involves creating repeating task reminders through work management tools. By having a tool to constantly remind you of these recurring tasks, you don?t have to miss the important tasks that are necessary to a well-functioning business operation.
15- May2018
Posted By: Joe Alvarez
1267 Views

May 2018 Newsletter

Early last month, there was a?good piece?in the Orlando Business Journal about the recent M&A activity in Central Florida and the complexities that go into those types of transactions.

More insightful, though, than the?various structures and unique terms a given deal may include was the psychological toll that the sale of a business can take on its owners — especially when those folks are the people (or are related to the people) who started the business.??For many business owners, their identity, time, and much of their wealth and livelihood is tied up in their business.

The?Conway Center for Family Business?estimates that the average lifespan of a family-owned business is 24 years. For most of us, that represents roughly a third of our lifetime.?So it’s no wonder that the idea of transitioning out of it comes with a boatload of stress. From worrying about your beloved employees to you and your family’s financial and personal future, there’s a lot of emotion involved.

It doesn’t help matters that the due diligence process is often arduous and chalk-full of scrutiny. So why go through the process at all? Why not pass it on to the next generation? Well, according to?Bloomberg Business Week?only 40% of U.S. family-owned businesses are passed on to the second generation. For third-generation, it’s a meager 13% — and those numbers are trending down. Meanwhile, the number of folks reaching retirement is at an all-time high. The U.S. Census Bureau reports that 10,000 baby boomers retire every day; many of them are business owners.

So, if the most common method of business-succession of the past is trending down while?more owners than ever are looking to move towards retirement, what gives? Private Equity and strategic competitors seeking consolidation are becoming the new norms for business owners looking to move on to the next chapter of their lives.?One stark proof point: deal activity in U.S.

Private Equity hit new highs in 2017 in both deal count and deal value, and Pitch Book believes a new record could be hit in 2018. Due to low-interest rates and an influx of money into PE funds, there’s more capital than ever that needs to be put to work. How does that affect business owners? Higher valuations! Monetarily, it’s one of the best times ever to be the captain of a profitable private business with your eyes on the exit door.

That doesn’t erase the fact that the sale process comes with the aforementioned challenges. But like all great outcomes, the obstacles are there to be overcome and if you’re working with an experienced team of advisors, it can make the journey much more palatable (and profitable).

 

If you or anyone you know is considering raising growth capital or selling/buying a business, please let us know. We’d love to chat.

 


Portfolio company that just closed out its?seed round

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Rentivity.com

Rentivity, a Florida based real estate technology company, successfully completed a fundraising round with NewGate Capital Partners of an undisclosed amount. Rentivity is launching the first end-to-end digital marketplace for single-family home rentals. Their solution integrates and supports all users (owners, landlords, property managers, tenants, vendors, etc.) in a single, mobile friendly, platform.?Rentivity will save time and money for both renters and property owners while providing detailed reporting and a digital audit trail of all transactions.

 

You can visit them and stay up-to-date on their full market launch at?rentivity.com.

 


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Machine-Part Manufacturing Company for Sale

 

Image result for Machine-Part Manufacturing

 

NewGate Capital Partners has recently listed for sale a manufacturing company that is focused on producing machine?parts for envelope, plastic bag, and notebook manufacturers.?The Company was founded in 2005 and currently employs 11 people.

It is headquartered outside of Pittsburgh, Pennsylvania in a 10,000 square foot facility and mostly serves clients throughout Pennsylvania. Their niche-focus is a competitive advantage that has resulted in?year-over-year sales growth of 13%. They finished the 2017?calendar year with just over $2 million in sales and an adjusted EBITDA of $600k and are expecting similar or better results for 2018.

 

The owner is currently looking to retire but has management in place that can take over post-transition.

The sale of the business includes the land and manufacturing facility.

 


 

 

 

Walmrt buys Flipkart
09- May2018
Posted By: Tim Ajayi
1107 Views

Walmart Gearing up in its Rivalry with Amazon

This article was originally posted on?Recode.net?by?

Walmart announced on Wednesday that it will buy a majority stake in India?s Flipkart e-commerce company, setting off a new chapter in its rivalry with Amazon, which has identified the world?s second-most populous country as the emerging international market of the future that it must win.

Walmart will pay $16 billion for a 77 percent stake in the company and says it will support Flipkart?s goal of eventually going public as a majority-owned subsidiary. Some Flipkart investors ? including co-founder Binny Bansal, Tencent and Tiger Global ? will continue to hold stakes in the company.

In its most recent fiscal year, Flipkart net sales grew more than 50 percent to $4.6 billion, but the company registers heavy losses as it battles Amazon for supremacy in the fast-growing e-commerce market.

If the deal were to close in the second quarter, Walmart said its earnings per share would be negatively impacted by 25 cents to 30 cents. Walmart expects that negative impact to grow to around 60 cents per share in the next fiscal year as it ramps up investment in the company.

 

walmart-flipkart-deal
?With the investment, Flipkart will leverage Walmart?s omni-channel retail expertise, grocery and general merchandise supply-chain knowledge and financial strength, while Flipkart?s talent, technology, customer insights and agile and innovative culture will benefit Walmart in India and across the globe,? Walmart said in a release.

Flipkart was founded in 2007 and for many years was the leaders in India?s small but fast-growing e-commerce market, raising north of $7 billion in total to fund its growth. But?Amazon?s entry into the country in 2013?has led to a fierce, cash-burning fight to become the dominant player in India.

Amazon has publicized investments of more than $5 billion into its?India business as it supplants China?as its most important long-term international market. Amazon has said that more people joined Amazon Prime in India in its first year of availability there than in any other new Prime-eligible country.

Between the Flipkart and?Jet.com?acquisitions, Walmart has now agreed to pay more than $19 billion combined for unprofitable businesses in order to become more competitive in online commerce in the U.S. and India. That?s the price the giant brick-and-mortar retailer must play for treating online sales as a side hobby for so long.

Walmart?s stock was down 4 percent in morning trading.