Reasons Why You Need a Certified Business Valuation

b8When selling a business, the most important question needs to be focused on the actual value of it. A certified business valuation can range in complexity. It could be a simple calculation or one that evaluates both tangible and intangible factors, giving you a more in-depth evaluation. Unfortunately, a single business valuation formula won’t work for all businesses under all circumstances. Usually, business valuation can’t be performed in the “right way”. For example, accountants may look at the figures in one way, while the brokers may look at them in a different way. A certified business appraisal is crucial for a company to be valued correctly. Here are a few reasons to consider this service:

You need it for Reporting

In case you need to report the assessed value of the firm to investors. It usually takes place on a quarterly or yearly basis. This method offers economic health of the firm, thereby enhancing the investors’ confidence.

You need it for Fund Raising

In case you need to get funds for your business, you would require the appraisal report. It’s required by both banks and other options that consist of crowd funding.

You need it for a Merger or Acquisition

If you decide to merge or sell your business, a well laid out appraisal report of the complete business is necessary. It’s the first crucial step in the complete process of selling. This will in turn help you effectively negotiate a good price.

You Need to Achieve Seed Capital

In case you are planning to initiate a start-up, you will need to assess the value so that investors have a purpose to raise funds. A business appraiser will value the business based on future financial potential and not current economic value.

You Need to Issue ESOP to Employees

When a business wants to offer ESOP (Employee Stock Options), it must have the valuation done. This will help decide the shares employees will receive each year.

You Need It for Litigation

When facing any form of dispute on company assets, it is essential to have a better valuation report. It may be impossible for the insurance to cover the loss if the firm is sued and suffers a loss. It will be easier to decide and settle the case when a valuation report exists. It will determine how much the selling assets value.

Office Space for Start Ups at Bangalore Metro Stations

b6One of the interesting real estate news in the recent times is that, Bangalore Metro Rail Corporation Ltd. (BMCRL) providing office space for the start-ups in five of its major stations. Yes, if everything goes well, we’ll soon have start-ups operating in metro stations of Bangalore.

UA Vasanth Rao, the General Manager of Finance at BMRCL says that the companies will have to bid for 31 office spaces of 100 sq. ft. to 4000 sq. ft. with the price ranging from RS 35 per sq. ft. to RS 120 per sq. ft. (price depends on the stations). And, the five metro stations to have office spaces are Baiyappanahalli, Indiranagar, Trinity, Vivekananda Road and Halasuru.

Not workbenches, but proper offices

Currently Bangalore Metro Rail Corporation Ltd. has 31 operational stations from Baiyappanahalli to Mysuru road (18 km) and from Nagasandra to Sampige road (13 km). Having some good number of operational stations, Pradeep Singh Kharola, Managing Director of BMRCL says that they have crafted the space for start-ups and ecommerce companies. He also says that, they aren’t some workbench projects, but proper offices for start-ups.

It looks more like encouraging the start-ups to set their offices as BMRCL is also being flexible in terms of criteria (one such thing is related to net worth). Pavan Sheth, a system engineer employed with workbench projects says that, many start-ups are already visiting the makerspace, as the rents for office spaces in the city are very high. Office space rent has been the biggest problem for most of the start-ups these days, and if they get a space for low price, a huge problem is solved.

Shashank Somanna who has been running skating classes at Swamy Vivekananda Road

metro station for the past 9 months has said that, the rent is very less when compared to other places in the city and it’s good to start with, as numerous people pass through the metro station every day.

Will it work for start-ups?

Earlier, BMRC had given a statement saying, there are a few stations that cannot be given to companies for commercial activities. It was just that, they wouldn’t have got good rentals as there was very less footfall in the metro station when the service was started. Now the case is different, and many entrepreneurs are interested to start their office in metro stations. But the question is will metro offices be able to reach up to the employees’ expectation from workplace?

There are both pros and cons associated with having your office at a metro station. As already told, footfall is the primary thing as there are numerous people who pass through the station every day, and the company gets a great exposure. Also, it’s easy for your employees to reach office on time, as it’s in the metro station itself.

But what’s been the concern for most of the entrepreneurs is the productivity and efficiency of the employees. Will the employees really be able to be focused on their work? We all know how busy the metro stations will be; what disturbs employees the most is the environment with trains passing around quite often! It’s really a point to be thought of.

However, there are plenty of fully furnished and inexpensive office spaces in Bangalore. All you need to do is to seek help of an expert commercial real estate agent who can help you find an amazing office space for your business. Ultimately it’s the employees’ efficiency and productivity at the workplace is what matters.

Excellent Locksmithing Advice That Is Easy To Understand

b7If you want your taxes done right, you hire an accountant. If you want your hair cut, you hire a hairdresser. You don’t do these things on your own, you hire a professional! When it comes to your safety, do the same and use the checklist of advice found below to hire a locksmith.

You should do your research and have the name of a reliable locksmith on you at all times. Look for online reviews and get recommendations from people you know. You want to know that you are not being taken advantage of if and when you are in an emergency situation.

The best way to find the most reliable locksmith is usually word of mouth. When you need one, start asking your friends and family who they trust. From there, check with the local BBB or other agency that will provide information about reputations. Don’t just trust anyone with the keys to your home!

When you are looking to have a locksmith install a new lock, ask them to use one that has high security. These cost a bit more, but they will keep you a lot safer than traditional locks. You need to show an ID card as well as a card provided by the locksmith in order to have duplicate keys made.

Make sure the locksmith you hire is properly licensed and insured. While this may not impact his ability to fix you up a new set of keys, it offers a lot in terms of credibility and trust. Make sure anyone you use is up to date on all the paperwork and as professional as possible.

If a locksmith tries to hand you a bill that’s significantly higher than what you were quoted on the phone, tell them you don’t consider that acceptable. There are a bunch of locksmiths out there that will be honest with you, so you can be sure that they will help when this happens.

Try getting a locksmith who stays up to date with the locksmith community. While this is just a bonus, you can be assured that a locksmith that is a member of an association or earns additional certifications is up on current trends. It also assures you that you won’t get scammed.

Contact the Better Business Bureau before hiring a locksmith to make sure that they have not had a lot of complaints. While there is nothing abnormal about having a couple, a pattern shows that this person is not reliable. It is best to know this about them before trusting them to help you with a lock.

Ask any locksmith about his or her experience up front. It is always good to inquire how long they have been in operation in the area. Locksmiths with more than 5 years of experience are a better choice.

Ascertaining Right Translation Prices

b5If you are a brand that has opened up to the strong forces and opportunities set forth by globalisation then you must have started zeroing in on a good marketing strategy in accordance with these new-found goals. Within this marketing and communication mantle, you would, sooner or later, find translation emerging as a significant factor either contributing to or challenging the milestones towards new goalposts.
You may either go for a well-entrenched player closer home or you may consider someone native and also enabled with a good grip on the local market as per your new market targets. There is also a possibility of bringing in the best of both the worlds by choosing someone who comes with as much international expertise as with a localization edge.

If you look around prudently and patiently, you will find certain translation service providers who offer numerous advantages. Not only do they carry a lineage and experience clout of several years or brands under their belts, but they also offer resources and expertise that a specific local market would ideally desire.

When negotiating and finalising contracts with a translation service provider, you may find some differences in translation rates and the way they operate. For an independent translator, the prices offered could, in all probability, turn vastly lower than what a full-fledged, high-scale firm might put on the table.

You would have to dissect your priorities, affordable financial levels, and your overall strategy before deciding what you want to pick. It is highly recommended here that you avoid the mistake of making such mission-critical decisions based on the narrow lens of pricing alone.

Pricing often fails to incorporate the big picture. A multi-service firm may charge higher rates but that kind of requirement often comes with an extra buffer that cushions and complements a translation job. There is a multitude of services involved (project management or multilingual media monitoring), to name a few; that explain the extra difference.

Translation prices quoted by individuals may not even reflect the equally important but side-sliced work of Proofreading, Audits, Quality Control, DTP Checks, and Iterations. It is advisable to check for such components well in advance while handing over crucial contracts. Apart from this, service providers differ in their ability to serve languages across the world. As a global brand you may want to work with a service provider who offers maximum language translations, so whenever you launch in a new geography, you don’t have to look for a new provider. The prices also differ between languages even with a single service provider. The rarer a language is used, the higher is the rate for the same. Apart from this, prices go up depending on what kind of output is required, based on the value addition to the basic task of translation. The text costs less, design output is more. The design costs lesser than a multimedia voiceover project and so on.

The translation rates would also swing massively when one considers high-quality, high-outcome, intensive services like transcreation, software internationalization, and localization in the overall framework.