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Business Selling: 4 Effective Ways

man in corporate attire writing on paper, with laptop on the sideSelling your business is not as easy as selling your homemade apple pie. To sell a business, you first need to consider various factors that would determine the success (or failure) of your business sale.

Whether you want to sell your business in Salt Lake City or any other part of the country, Utah Business Consultants noted that having a good selling foundation is essential. Here are the most important points worth considering:

Know your business value

People sell their business, whether big or small, for a variety of reasons. However, you should always consider the business’ value. Having it evaluated by a third party can give you a realistic estimate of how much your business is worth.

Plan your exit strategy ahead of time

Planning your exit strategy ahead of time can give your business a better chance at being in the game for a longer time. A well-planned exit will also benefit your employees. More often than not, eyeing for an insider to take over is an exit strategy in itself. The transition will be much easier than having an outsider take over.

Prepare all your documents

Running a business is all about having the right documents in place when you need them. Make sure your finances are all in order to avoid unnecessary hassles along the way.

Work with a professional

Again, selling a business is not as easy as selling your homemade apple pie. Professional help should always be considered. Not only do they know the ins and outs of the business, they also have a wide array of connections that can help you sell your business a lot faster.

Parting with your business is never easy. But knowing that it will be in the hands of someone as dedicated as you are will help ease the heavy feeling. Learn to let go by planning it well.

September 6, 2018 at 8:42 amDirections

Safety Precautions When Handling Pressure Vessels

person adjusting valve on pressure tank using spannerPressure tanks require the utmost care. There is a substantial difference in the pressure and material contained in these vessels than the ambient pressure. This means that one small mistake in their handling could lead to fatal accidents. Since the pressure in a well pump system must remain at a set relationship, here are four safety precautions operators should observe.

Regular maintenance

A pressure vessel needs timely care for it to function correctly. There’s a recommended maintenance program for the whole pressure that you need to stick to. Always keep an eye for any signs of problems. Should you notice that one of the safety valves is faulty, you need to have an expert examine and fix it right away. You should also check pump switches whenever doing a routine check-up. Keep monitoring the vessel for corrosion and ageing as well.

Thorough training on how to operate the vessel

Never let any person who does not have a proper understanding of the pressure vessel operate it. That’s a sure recipe for catastrophe. Have the team that’s responsible for installing, managing, and maintaining the vessel well-trained. Alternatively, engage with an expert to take care of these aspects for you.

The right protective devices

Your vessel comes with certain protective devices that need to be correctly installed and set. These devices include safety valves and switches that shut down the operation of the tank in case it reaches maximum temperature or pressure.

Good understanding of the materials contained inside

Take the time to educate yourself on the gases or liquids contained in your pressure vessel. Learn about their nature, whether they are toxic or flammable. Knowing what material you are dealing with helps you understand what conditions are ideal for it, including the pressure and temperature. Being aware of this will also help you know where would be the best place to install the tank.

Pressure vessels can be very dangerous, not only because of the intense pressure within them but also leaks on these tanks are also dangerous. By observing safety precautions, you can avert any chances of a disaster.

August 22, 2018 at 2:44 amDirections

How to Prevent Downtime in Industrial Pump Operations

water treatment tanksDo you know that the failure of mechanical seals is among the primary causes of downtime in pump operations? Mechanical seals are useful in minimising leaks in industrial pump systems, but they require careful maintenance because of their delicate nature. Below are three ways you can take care of them to prevent the occurrence of downtime:

Proper Storage

Mechanical seals are a combination of non-metallic and metallic materials, hence the need for careful storage to avoid damage. Their method of storage depends on the age of the mechanical seal.

If you have had your seal for less than two years, you won’t need to disassemble it before storing in a clean space. If the seal is older than two years, you need to disassemble it and file the individual components separately. You should also clean the parts before storage. Meanwhile, if you’re not using the seal for three months, rotate its faces to minimise any chances of face locking.

Minimising Heat Generation

Excess heat in the pump compromises the life of seals and creates the need for repair. You should strive to minimise the generation of excess heat in the pump. Proper lubrication of the seal faces ensures absorption of the excess heat. Check that the pressure within the seal doesn’t exceed the manufacturer’s design parameters.

Correct Installation

Problems with the seals can begin with incorrect installation. Ensure you follow the manufacturer’s guidelines when installing your seal, or better yet, get an expert to conduct the installation for you. The common problems with installation include loose bolts and screws, uneven placement of the faces, and damaging the seal faces.

The performance of industrial pumps depends on a collaboration of different components. Proper installation preserves the condition of the mechanical seals to ensure they are working well for optimum pump performance.

August 15, 2018 at 7:50 amDirections

Three Tips for Orchard Maintenance

Starting an orchardOwning an orchard is a fantasy that many people hold dear. If you are fortunate enough to realise that fantasy, you are always looking for new ways to keep your orchard fruitful. You can do numerous things to achieve that goal. Here are a few tips to get you started.

Invest in Suitable Equipment

Having the right equipment is crucial when it comes to working in your orchard. There are many activities that you’ll need to do throughout the lifetime of your trees, from planting to harvesting. Luckily, you can find some excellent equipment at reasonable prices. The Internet is good a place to begin your search, whether you are looking for an orchard cherry picker or some pole harvesters.

Fertilise Your Plants Appropriately

Once you’ve planted your fruit trees, use the appropriate fertiliser during the first three years to boost their growth. Urea or its equivalent is the most recommended fertiliser. Avoid applying any compost before the plants have produced their first leaf. Make sure that the compost is at least 20 centimetres away from the trunk so that it doesn’t burn the plant tissue. Supply enough water after fertilising or apply during the rainy season.

Regularly Prune Your Plants

When trees are still young, they’re pruned so that they gain strong structure. Pruning also helps minimise wind damage as well as expand the fruit-bearing area. Pay close attention to the trees during the first four years, taking necessary action. Remove all branches that have weak, narrow crotches because they tend to split from the tree at a later stage and destroy other parts of the tree.

Owning an orchard is a source of joy for many homeowners, but it does come with some responsibility. Taking the time to manage your farm can keep it looking beautiful for a long time.

August 1, 2018 at 8:10 pmDirections

Four Things that Matter When Moving to a New Home

Couple Unpacking Things in their New HomeMoving isn’t just done at the flick of a switch. It’s a process that involves you, your family members, and the moving service. There are concerns to be determined before moving, such as the number of items to be carried, the date of the move, and the location of your new residence. Here’s a closer look at why these aspects matter in moving.

The Items to Be Moved

If you’re working with full-service long distance movers, inform them about the items that will need to be placed inside the moving truck. These could be electrical appliances, furniture, clothes, and other household paraphernalia. Label them in their boxes so that they’d be handled with care.

The Vehicles Needed

Talk with the moving company to decide how many vehicles they should bring. This prevents any delays on the day of moving due to a shortage of space for the items. With enough cars, everything and everyone will fit in the vehicle.

The Date of the Move

Owners usually have a date in mind that they’d like to stick to, but the movers might be working on the said date. This is why it’s necessary to talk with the movers regarding the expected time: to see if it’s a go or if you should postpone it due to traffic or weather forecasts.

The New Place of Residence

Lastly, pinpoint the location of your new home. Doing so informs the drivers about any road hindrance and other routes that you could take instead. Aside from avoiding getting late, this also helps you avoid getting lost.

Moving with Many

Overall, moving is a group effort that involves the family and the moving service. Many things are to be considered in moving, like the number of items, the vehicles needed, the moving date, and the location. With these accounted for, you can make a long-distance move without any hassle.

July 25, 2018 at 11:25 amDirections

5 Tips for Successful House Flipping

Man Choosing Floor MaterialYou can make money buying fixer-upper houses, sprucing them up, and reselling them. But that can only happen if you have the right skills and people. Here are five tips to help you flip properties profitably.

1. Learn and Find a Mentor

In real estate, you learn and then you earn. Educate yourself about flipping. A good real estate mentor will also help you avoid the pitfalls on the journey.

2. Know Your Neighborhood

Experienced flippers buy in the right neighborhoods. Look for properties in areas where people feel safe and want to live. Know everything about the neighborhood. Understand what features are desirable in that area. Be on top of all factors that may affect the supply and demand of properties in your chosen neighborhood.

3. Have Access to Cash

Flipping properties cost a lot of money. But savvy flippers chase the deal, not their budget. To perfect your real-estate game, work with other people’s money. Bank financing takes time and comes with red tape. Hard lenders in Florida are a good option for fix-and-flip investors who need quick funding on flexible terms. A private lender may also help you if you have an excellent track record.

4. Make Accurate Cost and Time Estimates

Flipping involves making structural and cosmetic changes to a house to make it appealing to buyers. You need to accurately estimate refurbishment costs. You also need to have a good idea of the time it will take you to put the home on the market. Learn about construction materials, construction codes, labor costs, and the typical timeline it takes to complete typical jobs. Work with an experienced estimator.

5. Retain Essential Professionals

Flipping entails a lot of construction, legal, and accounting work. Successful flippers collaborate with experts who can help complete all that work in an efficient and timely manner.

Flipping is not as easy as buying a house, repainting it, and reselling it at a profit. Savvy flippers thrive because they have the essential skills and people.​

July 13, 2018 at 2:34 pmDirections

Guide to Choosing the Right Retail Supplies

Storefront in shopping mallWhether you manage or own a retail store or not, choosing the appropriate retail supplies is one of your responsibilities. There are various types of fixtures to consider, including sales counters, display cabinets, shelving, racks, signage and packaging. Here is what you need to know and do:

Look for high-quality materials

Retail supplies come in a range of materials, including wood, plastic, acrylic, glass and metal. Whichever material you go for, make sure it’s long lasting and in line with your overall store design or layout. It’s also important to buy from one of the leading retail suppliers and wall bracket manufacturers in your area, so you can ensure the quality and warranty of the fixtures. Durable fixtures will offer your business many years of service and will maximise your profits.

Choose the best lighting fixtures

Your lighting should complement your fixtures and retail supplies. It’s not enough for the display to be well-lit; your lighting should suit the taste of your target market. You can always work with shopfitters to find the correct arrangement and lighting scheme according to your fixtures.

Highlight your products

Every detail in your store should work to highlight your products. Your supplies should be the focus of your interiors and blend in seamlessly with your brand as well. Use fixtures strategically to emphasise your premium and bestselling products.

Make your store unique

Your shop should make a lasting impression. One way to ensure this is by making your fit-out unique. Buy retail supplies that stand out and are in line with the store’s overall theme.

Choose your supplies and providers well and focus on details that will attract your customers. With these winning tips, your store is sure to stand out from the competition.

July 1, 2018 at 1:00 amDirections

5 Points to Consider When Choosing the Right School for Your Child

children looking at a globeEducation is the best gift you can give your children. As loving parents, we always want the best for our kids, which is why finding the right school for them is crucial.

To help you make the right decision, here are some of the things you might want to consider:

Find a good fit

Just like choosing a new home, finding the right educational environment for your kids requires a bit of legwork. Taking your kids with you when looking for a prospect school is a good idea. Upon entering the school campus, they will know if it’s a good fit for them. Of course, your child’s opinion is always valuable, but especially so for this. Let them get a feel for the school culture and philosophy before making a decision.

Check the curriculum and other programs

Just like the school environment, the academic curriculum and other activities should be on top of the list. Keep in mind that each school has its own specializations. For example, some daycare centers in Rutherford, NJ focus more on developmental learning. Be familiar with the school programs. If possible, ask for the school calendar to know more about the vision of the institution.

Evaluate the educators’ credentials

Knowing the teachers’ credentials can help you narrow down the choices. This can make a big difference when choosing a school. Find out more about their experience and educational background. Ask about their teaching methods. Remember that the relationship between the educators and the students plays a major role in the development of children.

Reputable schools or learning centers should always have decent facilities. Usually, they will take you for a tour around the campus. Are the classrooms spacious enough for all the students? Do they provide any advanced learning tools? Things like these can make it easier for you and your child to decide.

Ask about the grading system

It is important to know how the school is evaluating your child. For older children, there should always be a balance between standardized test scores and creative development.

These are just some of the points you may need to consider when choosing a school for your child. Again, this is a crucial decision, so take your time and choose carefully.

June 4, 2018 at 12:14 pmDirections

Keeping Your Windows Treatments and Blinds Clean

Turquoise blinds of a houseWindow blinds and treatments give a classy and elegant vibe to your windows and immediately improves the aesthetics of your home. Like many home decorations though, they are usually forgotten and never cleaned out.

As a homeowner, you should be responsible enough to clean your window blinds, treatments, walkway canopies, shades, and shutters at least every once in a while.

Vacuum with a Brush

One of the fastest and easiest ways to clean your blinds and treatments is to vacuum it. While vacuuming your carpet at home, make sure to do the same for your blinds using a brush attachment. When using the vacuum brush, make sure to sweep side to side instead of up and down.

Simply Use a Damp Cloth

Go get a washcloth and wet it a bit – not totally wet, just damp. Simply start at the top and work your way down, then get a clean and dry cloth to avoid moisture building up on the blinds. If you have wooden blinds, make sure to use a slightly damp cloth to avoid damaging it.

Dry Cleaning

If you have fabric blinds at home, you can take them to the dry cleaners for a thorough and damage-free cleaning. If you want to take off a certain spot on your fabric window blinds, just use a sponge and water to clean it out. Don’t rub the material – just dab it gently to take the dirty spots out.

Avoid Using Harsh Chemicals

Harsh chemicals can only damage your blinds further. Avoid using alcohol, baby wipes, and basically anything with alkaline on your blinds. You should also steer clear of spot removers and strong detergents. This can cause discolouration and even damage to your blinds.

If you are in doubt, then your best option would be to leave it to the professionals to have it thoroughly cleaned. That is your best option for removing dirt and dime on your blinds.

March 5, 2018 at 10:47 amDirections

Report: Construction Spending hits Record Amount in Southwestern Utah

Two engineers planningConstruction spending in Southwestern Utah, including for industrial supplies online or offline, reached a record amount in 2017, according to an NAI Excel report.

The report based its analysis on residential and commercial construction projects such as houses, hotels, offices and retail buildings.

Slow Recovery

NAI managing director Neil Walter described the record-high construction spending in Southwestern Utah as a “slow moving” expansion since 2010. Aside from building activity, the level of spending has been beneficial to the real estate market as well.

Property prices have climbed, while vacancy rates for residential and commercial buildings have remained at favorable numbers. Multifamily vacancies, for instance, have stayed below 1%. The declining vacancy rate also led to the expected addition of around 900 more housing units in 2018. Another benefit of the high construction spending involves jobs. The Department of Workforce Services expects the creation of more jobs this year, due to a positive outlook of most construction firms on the strength of the construction sector in the state and nationwide.

Construction Outlook

A majority of the construction firms in the U.S. expect higher demand for all services in 2018, according to Stephen Sandherr, Associated General Contractors of America (AGC) CEO. For this reason, these companies intend to hire more people to meet the projected growth in demand.

The AGC and Sage Construction and Real Estate’s survey showed that 75% of the respondents plan to expand their workforce this year. American contractors believe that the private office market will account for most of their projects. Transportation- and retail-related construction projects ranked next to their list, followed by water and sewer infrastructure.

Conclusion

A record-high increase in construction spending arguably benefits economic and job growth, as well as provide business to enterprises that depend on building projects. Where do you intend to launch your next project this year?

February 8, 2018 at 9:00 amDirections