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Taking the Hands-On Approach
Knowing How to Manage Individual Objectives
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 In business, performance cannot take place either from an individual or team perspective unless management identifies the direction that is desired and why it is desired. However, this doesn't always occur as we have seen in the wide gap between the best and average practices in both the public and private sectors. In order to succeed in today's business world, improvements have to be continually made.
Being proactive is essential. A manager should regularly set and update objectives for his or her department in order to not only understand and handle what the future holds but benefit from it.
Click Here to Read Full Article.
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Understanding the Entities
Choosing the Right Business Types when Making an Acquisition
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 When you're looking to buy a business, you have to understand the type of business entity, especially for tax purposes. There are four basic types of entities that can be used to buy and run the business:
- C Corporation;
- S Corporation;
- Partnership - General or limited; or
- Limited Liability Company (LLC) - this is a hybrid entity that offers the legal insulation of a corporation and the preferred tax treatment of a limited partnership. This is available in all 50 states and the District of Columbia.
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The Value of Quality Employees
Recruiting and Retaining Human Capital for Your Business
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 Globalization and the increasing pace in technological changes have driven the high performance workplace in the past two decades. Since the turn of the century, these factors have combined to demand a new kind of well-educated knowledgeable worker. In this era of increasing demands on production in the workplace, harnessing the elements of human capital is pivotal to having a successful business.
The elements that make up human capital are the accumulated skills, experience, wisdom and capabilities of all the people employed in the organization. At a time when skills are more complex and transferable, both the concept of traditional loyalty is declining and the significance and value of knowledge is increasing. Therefore, there is an urgent focus on managing human capital - having the right employees in place to do the jobs that are required and not go elsewhere.
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Red Wing Shoe Company to Increase Store Count
Company Plans to Open 125 Independently-Owned Locations Over the Next Five Years
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 Red Wing Shoe Company today announced plans to expand its Red Wing Shoe Store network by more than 20 percent over the next five years. The goal is to expand independent ownership of Red Wing Shoe Stores in key growth markets and bring the Red Wing Shoe Store experience and purpose-built footwear to modern workers across the country. There are currently more than 425 Red Wing Shoe Stores in the United States, with close to 70 percent of those stores being independently owned and operated.
The influx of big-box retailers has adversely affected independent shoe stores across the country, driving customer demand for the Red Wing Shoe Store "sit-and-fit" experience, combined with knowledgeable sales associates and a large selection of purpose-built work footwear. Historically, the most successful Red Wing Shoe Stores have been those where a local owner is present and involved on a daily basis.
A recent DC Strategy Research report, "Prospective Franchise Surveys," shows the two biggest groups of franchise and dealership purchasers are those coming from a corporate background and laid-off couples looking to change direction in their careers. Owning a Red Wing Shoe Store provides independent owners a unique investment opportunity. Benefits include no franchise fees, no marketing fund contributions and no royalties paid to Red Wing Shoe Company. In addition, every Red Wing Shoe Store enjoys access to custom business systems, standardized store fixtures, national advertising support, professionally designed marketing materials and in-field retail professionals. Initial investment costs consist primarily of footwear inventory and store build-out expenses.
Call 1-800-377-8722 to learn more about how you can become a Red Wing Owner today!
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THE VR BLOGGER
Applying Lessons from Past Experiences of Other Business Owners
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The basic rules of business strategy remain the same in the age of the Internet. Like selling gum in a store, selling products on a computer screen isn't about technology. It's about what you're selling and if there is a demand in the marketplace and marketspace.
For example, a technology business develops something new that cannot be easily imitated. This is the great lesson of the Internet failures. New business can be understood by looking at the successes and failures of the past.
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Highlighted Transactions
And New Engagements
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SUCCESSFUL TRANSACTIONS
Plastic Products Manufacturer
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VR Business Sales of Coral Springs, Florida, a leader in the sale of privately-held companies, recently facilitated the strategic sale of a plastic products manufacturer for $1.55 Million.
The transaction, which closed last month, was handled by Raymond Kerr, a business intermediary specialist.
VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries.
VR has sold more businesses in the world than anyone®.
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SUCCESSFUL TRANSACTIONS
Upscale Restaurant and Bar
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VR Business Sales of San Antonio, Texas, a leader in the sale of privately-held companies, recently facilitated the strategic sale of a upscale restaurant and bar for $95,000.
The transaction, which closed last month, was handled by Javier Luna, a business intermediary specialist.
VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries.
VR has sold more businesses in the world than anyone®.
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NEW ENGAGEMENTS
Video, Voice and Data Cabling Installation Firm
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VR Mergers & Acquisitions, located in New Haven, Connecticut, announced it has been engaged by a video, voice and data cabling installation to assist in facilitating the sale of their business.
The company specializes in any type of communication connectivity need using cable, fiber or wireless products. With over 30 years of experience, they are among the most knowledgeable and professional contractors in North America, capable of performing a wide range of installation, ongoing maintenance, professional consulting services for customers, both large and small. Go to the VR Web Site for further details. VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.
VR has sold more businesses in the world than anyone®.
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NEW ENGAGEMENTS
Full-Service Staffing and Placement Agency
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VR Business Brokers, located in Greensboro, North Carolina, the leading business intermediary firm in the area, has recently been engaged to assist in facilitating the strategic sale of a full-service staffing and placement agency.
This agency is founded on integrity and is a faithful community servant, providing great customer service and open communication on a daily basis. Click here for more details.
VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.
VR has sold more businesses in the world than anyone®.
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Now is a Great Time to Become Part of VR!
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 With baby boomers selling their businesses to retire, corporate executives frustrated with their jobs and managers looking to buy a business to replace their corporate position, NOW is a great time to become part of VR!
VR Office
Artesia, California
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VR Global Headquarters
One East Broward Boulevard
Suite 1500
Fort Lauderdale, FL 33301
Phone (954) 565-1555; Fax (954) 565-6855
http://www.vrbb.com
Copyright © VR 2009-2011
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Ask a VR Intermediary?
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Eric Tyra
Owner, VR in Birmingham, AL
How Do I Manage My Investment Risk after the Sale of My Business?
Lisa Franklin,
Aurora, Illinois
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Dear Lisa,
Spreading assets over a variety of different investments is perhaps the most important rule you can follow. Because no single asset class performs best in all economic environments, the performance of a diversified portfolio is expected to fluctuate less as losses from some investments are offset by gains in others.
Click Here to View Full Article
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