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David Errante
7. Reporting
All of the objectives and tasks spelled out in a business plan will quite likely have glitches arise as part of the implementation of the plan. Part of a successful business plan roll-out includes keeping a regular, updating reporting mechanism in place, so that potential problems can be addressed and emerging opportunities can be exploited. Therefore, follow-up and reporting must be conducted on a regular basis to ensure the success of the plan.
David J Errante Jr. - David J Errante Jr.Other valuation techniques include the "rumor" method. The "rumor" method is the price an owner chooses to use based on what he heard his friend sell his business. Rather than a friend, it could have been a competitor two counties over or something they read in the local paper. Once again, not a good method to use to convince a buyer on the asking price for the business.
David Errante - David Errante
Selling a business, particularly the one that you have personally built, can be an extremely overwhelming experience especially if you are virtually clueless about the whole process.
Sites: David Errante, David J Errante Jr., David J Errante. .In addition, business owners do not have to worry about muddying up their balance sheet when they factor their receivables. Factoring is not a loan. When business owners present their receivables to a factoring firm, the factor purchases the invoices and advances a percentage of it immediately. As long as the invoice is valid and the services were performed as promised, the agency owner does not need to pay the invoice back. Instead, Medicaid or the agency's customers send payments to the factor.
Finally, unlike banks, which require a commitment of payments over a number of years, many factoring firms do not operate under a long-term contract. In fact, many factoring contracts are open-ended, meaning the agency has the freedom to factor for however long it wants.
