8 tips for finding the best business broker

Selling a small business at a high price is usually the result of years of dedication and perseverance and a dream for many entrepreneurs. However, it can be difficult to find buyers for your business if you are not in a hot industry or if you miss out on unwanted offers. An option to gain access to a larger group of buyers and a structured sales process is to consider a commercial broker similar to a broker.

Business brokers offer matching service to buyers and sellers. The right broker can help your small business get the best possible price for a sale.

Find a commercial broker in 8 steps
If you are not yet working with a commercial broker, you need to identify the right person for your sale and get to know the process. Good brokers help small businesses find sources of potential buyers and explore other sales complexities.

Working with your team of professional consultants and following eight important steps is a good start to get in touch with the right broker and get the most out of your business sales.

Receive referrals: always start with a referral from a trusted source if possible. Ask your accountant, lawyer, colleagues and professional associations for the names of good brokers.
Use IBBA: the International Business Brokers Association is a non-profit trade association that offers training, networking and professional training through conferences and more. It is also a good source for finding brokers in your area and familiar with your type of business. IBBA works with more than 1,000 business intermediaries worldwide.
Take care: just as a potential buyer of your company takes the necessary care, you must do it yourself. View the background, experience and references of your broker. Are there lawsuits or complaints against them? Consult the Better Business Bureau. Search for their references. Have they ever managed your business sales?
Find a dedicated professional: a commercial broker who spends all his time on sales will add more value to your sales transaction than a part-time agent. A full-time commercial broker introduces a network of contacts and generally has a more complete understanding of the principles of business valuation. Find someone who is committed to the profession. If your company can be worth millions, consider merger and acquisition agents. The IBBA ethical code is a useful reference tool to use during research.
Keep it secret: avoid important personnel and suppliers by telling them that your company is for sale. It must be a very confidential issue. Your business broker must ensure that all security measures are taken to protect your business. A premature word to your suppliers, employees or customers that you are selling the business can affect your business activities and your potential sales.
Make sure you have a marketing plan: selling your business is a marketing problem. Your goal is to correctly position your business sales to attract and motivate as many buyers as possible. Make sure your broker has a marketing plan with details about advertising strategies to attract a wide range of potential buyers.
Avoid high initial costs: commissions from a commercial broker range from 10% to 15% commission on the selling price of your company. Prevent a broker from asking for a large commission in advance to assess the value of your company or to start an application process.
Avoid the pressure: never let your commercial broker put you in a pressure situation. Do not make a hasty decision. Selling your business is a complex, personal and professional transaction. Take the time to learn and remove any uncertainties.

Risk management tools and techniques

Trading in the FOREX market is exciting, but what makes it so exciting is what makes it risky at the same time: volatility. Some trading strategies depend heavily on this volatility and trade at high frequency in the hope of taking advantage of it, but exposing the capital to volatility can lead to losses.

However, there are ways to protect your assets from volatility: with a variety of tools and techniques, you can manage and export them only to the level of risk you know. First of all, knowledge is the best risk management tool that every operator has in his arsenal. If you know which economic and geopolitical events have taken place, will happen or will happen, you can dynamically adapt your strategy and business objectives and execute them if necessary.

Find out when the lever is your friend
Leverage is a tool used throughout the financial sector and very often in FOREX, remember that leverage can multiply your profits, but it can also multiply your losses. It's only because you have access to a high leverage that you know when to use it to keep you from crossing the risk limit.

Custom notifications
Some trading platforms allow user customization in the form of EA (Expert Advisor), programs that can perform various functions in the trading environment. One of the features that EAs can do is send notifications to traders if their position or instrument exceeds the established price levels. Some EAs even allow positions to be closed or opened automatically, but this automated process can expose you to even greater volatility caused by unexpected geopolitical events or a sudden change in market sentiment, so it's important to pay attention. when in use.

Become your therapist - corporate psychology
A commonly used term, simply said, is to enter or exit a position or act too early or too late, which leads to unfavorable results. A good example of this often occurs when an instrument is removed but not completely reversed, causing the trader to panic and exit a transaction to see the price of the instrument recover immediately afterwards. Another example is when market sentiment raises the price of an instrument, causing traders to jump on a "train" blocked at the station (in this analogy, the station is the current price of the instrument when you open the position).

Be your director - discipline
This may seem like a more applicable advice to a mystical form of martial arts, but if you ask an experienced investor, he will no doubt cite the "discipline" as an important element in achieving your investment goals. Developing a strategy that defines both your goals and your risk appetite is only useful if you stick to it. Having a twisted reaction to sudden market swings is almost a sure way to expose yourself to unexpected and unexpected risks.

Safe ports are your friends - during market volatility
A few years ago, George Soros wrote that gold was the final bubble, but a few years later, he invested in an SPDR Gold Trust with excellent results. Currencies and safe raw materials have been the vehicle - well, a refuge - for serious, experienced and competent investors in times of unstable markets. What is the best manual for getting a page from the book of serious investors, like Soros.

Stop loss limits
This is a tool commonly used by risk management traders: it is a user-defined level that automatically closes the position when the appropriate loss level is reached. For example, you can set the stop loss limit at 10% less than the price the instrument had when you opened the position, exposing only that equivalent of your initial capital to this loss (plus brokerage commissions generated by open and closed positions) ).

DealCancellation - Cancel a losing offer
Most brokers offer solutions to minimize risk exposure, but easyMarkets offers traders the opportunity to lose with a single click. If the stop loss is reached before reaching the limit of the contract cancellation period and the invested amount is still obtained. When you open the transaction, click on dealCancellation and you can cancel your order within a set period with a small commission. 

9 money management tips to manage your small business

No entrepreneur likes to be tied, but there is an incorrect cash flow. Almost half (42%) of small business owners say that managing cash flow is a challenge. If you have problems managing small business funds, see the money management tips in this article.

What is financial management for small business owners?
Money management is the process of managing corporate finances through budgeting, goal setting, expense and revenue monitoring and investments.

With a good money management plan, you can avoid negative cash flow periods and make sure your business is on the right path to profit.

If you do not manage money wisely, it can lead to problems such as late payments, more money and no collection from your debtors.

Money management tips
To keep your business running smoothly, you need enough money to cover your expenses. Use these nine tips to learn how to manage your money effectively in a small business.
1. Keep yourself informed of deadlines
If you don't know when your bills are due, like creditors, commercial loan payments or credit card payments, you may not have enough cash at hand. Not to mention the fact that no one knows when the invoices are due, it may be necessary to face late commissions or additional interests, to reduce the trade credit, the acid financers and the relationships with suppliers.

Stay informed of deadlines to avoid non-payment of invoices. Set payment deadlines and set reminders so you don't fall behind. Draw deadlines on a paper, telephone or IT calendar and ensure a consistent payment schedule.

2. Monitor spending
Do you know how much money you spend per day, week or month? If you do not monitor the expense, you can collect unnecessary invoices. And if the expense is not controlled, it can lead to excessive costs and abuse of funds.

Many entrepreneurs have multiple accounts, such as a checking account, a savings account and a credit card account. Make sure you know how much you are withdrawing or spending on each account to keep track of account balances.

It's easy to use your business credit card, debit card or checks to cover small expenses. A breakfast for the staff here, a new coffee machine for the break room there ... But the small expenses are good. If you don't keep track of your expenses, you may receive a large invoice for which you are not prepared.

When keeping track of expenses, you should also consider unpaid checks. When writing a check, the recipient must not cash it immediately. If you forget to check your expenses, you could end up with an account and be in red.

Keep track of your expenses by managing your accounts. You can use simple software to record accounting transactions. When you record your expenses, you can easily keep track of expenses.

3. Don't forget the debtors
If you offer credit to customers, you know that you may not receive money for goods sold or services provided until or after the expiration date. After a week or a month, it can be easy to forget about progress. But if you want to manage your money better, you have to remember the money due to your business and make payments.

Write this down in your books to remind the debtors. Overview of credits to keep track of total credits. An overview of the credits shows which customers owe the company money, the amount owed, the customers who have exceeded the deadlines and the total credits.

While monitoring your progress is essential for intelligent money management, receiving payments is even more important. You can continue payments by sending invoices and expired messages to customers. And if your company needs cash before the expiration date, you can offer a discount on prepayment.

4. Individual company and personal funds
Do you have a separate corporate bank account? Even if you do not have to separate professional and personal funds, this is essential for money management. In addition, company bank statements are used.

10 main functions to manage a small business

Most entrepreneurs go into business because of a specific passion, product idea or marketable skills, but most entrepreneurs don't know how to start a small business.

There is a lot of excitement when starting a new business. Dreams are big, passion is real and there is a will to succeed.

However, there is a downside. And this is faced with the reality of the business functions required for running a business.

Many small businesses fail because they don't take the time to set up the structure to run the business.

I am often asked how to grow a small business. The simple answer lies in its ability to manage itself.

Many entrepreneurs don't take the time to think about it when they start their journey, which leads to problems that need to be solved.

Consider the following business functions that require the help of a team.

Some of these functions can be learned, but it takes time and some may need to be outsourced to ensure that you have access to the right expertise.

10 main functions to manage a small business
1. Ethical accounting practices
The accounting function of a small company covers many areas.

Payroll, invoices to receive, invoices to pay, taxes, financial statements and the list goes on.

It is very important to pay employees and to keep accurate accounting for tax purposes.

Keeping good data helps to collect a stressful period of trying to collect the documentation needed to submit tax returns.

One of the first members of your team must be a credible and responsible accountant.

Look for an accountant who has connection information (CPA), specializes in small businesses, and who has friendly, accurate, and timely services.

2. Human resources
Small business owners are often surprised by the challenges associated with managing their staff, which requires human resources expertise.

Managing people can be a difficult part of a business and changes dramatically as the business grows.

For example, it is not necessary to have policies and procedures for sick leave or vacation when there are a handful of employees.

However, as the organization grows, it becomes more important to have a human resource management process and written policies and procedures.

Pay attention to the labor laws that apply to small businesses and work on a team that can handle this and ensure that all legal requirements are met.

3. Facility management
Most companies must live somewhere, have an address and a gateway.

Installation problems arise when a business grows to the point where an office facade or building is needed to run the business.

If there are offices, there is a constant need for maintenance, cleaning and maintenance.

Most management facilities can be outsourced to a reputable company with excellent customer service experience.

Prices are always negotiable and an adjusted plan is always an option.

For example, ask the seller how much it costs less if you dump your waste, use your cleaning supplies or receive services less frequently.

These are things to consider when negotiating a contract with a seller.
4. Information technology
Technology rules most of our lives.

Every organization depends on technology to run its business.

It is often useful to outsource IT to a reliable supplier.

9 Forex trading tips

The best traders refine their skills through practice and discipline. They also perform a self-analysis to see what their trade is doing and learn to keep fear and greed out of comparison. These are the skills that every forex trader should practice.

MAIN ACTIVITIES
Forex trading can be a great way to diversify a larger portfolio or take advantage of specific currency strategies.
Beginners and experienced traders should keep in mind that practice, knowledge and discipline are essential to stay ahead.
Here are 9 tips to keep in mind when considering currency trading.
8 tips from the successful Forex trader

Define trade objectives and style
Before you travel, it is essential to have an idea of   the destination and how you can get there. That is why it is essential to have clear goals in mind, so make sure your trading method can achieve those goals. Each trading style has a different risk profile, which requires a certain attitude and approach to act successfully.


For example, if you cannot sleep with an open position on the market, consider day trading. On the other hand, if you have funds that you think will benefit from the valuation of a transaction for a few months, you may be more of a position trader. Make sure your personality matches the trade style you use. A wrong combination of personality leads to stress and loss.

The broker and the trading platform
Choosing a reliable broker is fundamental and it will be very useful to spend time investigating the differences between brokers. You must know the policies of every broker and how they create a market. Trade on the free market or the spot market, for example, differs from trade on the foreign exchange markets.


Also make sure that your broker's trading platform is suitable for the analysis you want to perform. For example, if you want to exchange Fibonacci numbers, you must ensure that the broker's platform can draw Fibonacci lines. A good broker with a bad platform or a good platform with a bad broker can be a problem. Make sure you get the most out of both.


A consistent methodology
Before you enter a market as a trader, you must have an idea of   how you will make the decisions to perform your activities. You need to know what information you need to make the right decision about entering into or leaving a transaction. Some people choose to explore the fundamentals of the economy, as well as a chart to determine the best time to trade. Others only use technical analysis.

Whichever method you choose, be consistent and ensure that your method is adaptive. The system must follow the changing dynamics of a market. Determine entry and exit points
Many traders are confused by the conflicting information that occurs when viewing charts at different times. What looks like a buying option on a weekly chart might actually look like a selling signal on an intraday chart.

Therefore, if you take your basic trading direction from a weekly chart and use a daily chart to enter the time, you need to synchronize these two. In other words, if the weekly chart gives you a buy signal, wait until the daily chart confirms a buy signal. Keep your schedules synchronized.

Calculate your expectations
Waiting is the formula that you use to determine the reliability of your system. Go back in time and measure all your winning transactions against losers, and then determine the profitability of your winning transactions against how much you have lost your lost transactions.

View your last 10 transactions. If you have not yet made a real exchange, go back to your table where your system would indicate that you need to trade in and exit. Determine whether you would have made a profit or loss. Record these results. Add up all your winning transactions and divide the answer by the number of winning transactions that you have made. Here is the formula:

start {align} & E = left [1+ left (frac {W} {L} right) right] p - 1 ifbf> {where:} E} = text {Expectancy} = text {Winning average Trade} = text {Average loser trade} = text {Percent