Valuation of Consulting Firms - A Blended Approach
Consultants News, of Peterborough, NH, is probably the most prestigious consultants news letter published and features world wide distribution. Awhile back, because they receive many questions about “how to value consulting firms” . . . . . whether they're mid-sized firms being acquired by industrial giants, or founding partners assessing fair valuation when new partners are appointed. To deal with CN's coverage of this topic, they asked Charlotte based consultant and valuation analyst Paul A. Halas, Jr., to outline his valuation technique as it applies to consulting firms.Thomas D'Ufrey said: “The worth of a thing is known by its want.” For management consultants the more contemporary question might be “how much is a consulting firm worth in real dollars.”Someone suggested at a past Institute of Management Consultants (IMC) conference that a consulting practice is really nothing more than a specialized business whose value is the su

Obtaining And Making The Most Of A Temporary Job Placement
Finding a job today can be an extremely daunting task, especially if you are looking to change careers, have financial difficulty or have just graduated from college. You need to persevere because it is unlikely that you would ever actually get the first job you apply for, especially if it is the one that you really want. You have to have an edge over other candidates and have all of the necessary documentation to prove that you have that edge. As a result, a temporary job placement may actually give you the edge.Companies today have a tendency to go through agencies in order to assess candidate for temporary job placements rather than permanent contracts. There is a great logical thought bend this – they save money by employing an agency to do the work for them and can let unsuitable candidate go whenever they please because their contracts are only temporary. It also provides potential employees with a great advantage thoughPotential e

Quiz: Identify Your Dream Career
Do you ever feel you still don't know what you want to be when you grow up?If you're dissatisfied with your work but aren't sure what you'd like to do -- you just know what you're doing now isn't it -- you can find some clues to your dream career by looking at what you enjoy doing in your time off.Your answers to the following questions can help you start to identify the type of jobs you'd most likely enjoy:1. If you had an evening off, what would you rather do?a. Go to a party.b. Stay home and surf the Internet.c. Work on a hobby such as scrapbooking or model building.d. Go to a movie.2. Which section of the newspaper do you turn to first?a. The advice column or letters to the editorb. Newsc. Sportsd. Entertainment3. What would you prefer to do at a party?a. Greet people at the door.b. Join in a discussion of current events.d but if you are starting a business it can save you years of strife. Below are 12 things I hope you will avoid in your pursuit to succeeding as an entrepreneur.

1) No Umbrella Business Plan or Strategy -- Without a plan, there’s no serious way to gauge the growth and progress of your business. You need a realistic map for where the customers will come from and where your business is going. You also need a plan to bail you out when difficult personal and business times come your way. Solution – get a plan together. Stop thinking about it and do it.

2) Getting Tunnel Vision and Never Leaving the Tunnel -- Many entrepreneurs get an idea, move forward with the preparation but never seem to be able to make it work. In fact at times they will hold so tightly to the idea that they will lose all their money, sometimes their family and ultimately the

ut a plan, there’s no serious way to gauge the growth and progress of your business. You need a realistic map for where the customers will come from and where your business is going. You also need a plan to bail you out when difficult personal and business times come your way. Solution – get a plan together. Stop thinking about it and do it.

2) Getting Tunnel Vision and Never Leaving the Tunnel -- Many entrepreneurs get an idea, move forward with the preparation but never seem to be able to make it work. In fact at times they will hold so tightly to the idea that they will lose all their money, sometimes their family and ultimately the

ut when difficult personal and business times come your way. Solution – get a plan together. Stop thinking about it and do it.

2) Getting Tunnel Vision and Never Leaving the Tunnel -- Many entrepreneurs get an idea, move forward with the preparation but never seem to be able to make it work. In fact at times they will hold so tightly to the idea that they will lose all their money, sometimes their family and ultimately the

idea, move forward with the preparation but never seem to be able to make it work. In fact at times they will hold so tightly to the idea that they will lose all their money, sometimes their family and ultimately their business. The sad result is they often lose the one thing that pushed them to begin with – their confidence. Without the confidence the likelihood of another run at self-employment diminishes. If the ship is sinking don’t go down with it. Get out while you are still able to breathe. Once you’ve caught your breath, re-evaluate, learn from the experience and dive back in. Solution – ask for some advice from other business people. Be honest with them and get some feedback. If you can afford it, hire a business coach.

3) **Make your business your business and your charity your charity.** Beginning entrepreneurs nearly always make the mistake of “giving away” the store. They give discounts to the first customers they receive as if to impress or court them. Often these customers are friends and family. Unfortunately, during these critical times an en