Small Business Today Magazine MAY 2014 CUSTOMIZED REAL STATE SERVICES | Page 36
EDITORIALFEATURE
»Continued From Page 19
Why Organizational Culture Is Important
The other primary function of culture is that it determines
how the organization meets goals and deals with outsiders.
The right cultural values can help the organization respond
rapidly to customer needs or the moves of the competitor.
Culture can encourage employee commitment to the core
purpose of the organization, its specific goals, and the basic
means used to accomplish goals. The culture should embody the values and assumptions needed for the organization to succeed in its environment. If the external environment requires extraordinary customer service, for example,
the culture should encourage good service.
Strong cultures are important because they bind the employees together, making the organization a community rather than just a collection of individuals with no shared values
and ways of thinking and acting. A positive organizational
culture emphasizes building on employee strengths, rewards
more than it punishes, and emphasizes vitality and growth. All
employees, not just leaders and managers, shape the culture
of an organization and create a positive work environment.
You can do as much to shape your organizational culture as
the culture of the organization shapes you.
Aaron Kaplan, Founder/Director of the Kaplan Project LLC, can be reached
by phone at 832-831-9451, by email at [email protected], or
visit his website at www.thekaplanproject.com.
»Continued From Page 20
Getting Organized: Why Bother?
You don’t have to get organized if you don’t see the benefit or payoff. As a normal part of your business, you should
always be assessing what’s working for you and what’s not.
You should also recognize the costs – ALL the Costs – of
how you act in your business life every day and make decisions about which costs you’re willing to pay and which
you’re not. If you’re willing to pay all the costs associated
with being disorganized then you don’t need to change a
thing.
Office Organizers, founded in 1993 by Holly Uverity, is The Entrepreneur’s
Organizer. They work with business people to create solutions for their organizational challenges. Contact them at 281-655-5022, www.OfficeOrganizers.com, or www.fb.com/OfficeOrganizers.
34 SMALL BUSINESS TODAY MAGAZINE [ MAY 2014 ]
»Continued From Page 21
Inventory... Should it Be Included or Excluded When
Buying or Selling a Business?
In the event the purchase and delivery lead time requires inventory levels to be greater than one month, the average monthly
inventory will need to be adjusted for the number of weeks or
months needed to support the lead time.
Weight Average Monthly Inventory – The concept of this method is to
weight each month’s inventory based on its proportion to total
inventory. This method works well when the monthly inventory
significantly varies throughout the year.
Industry Ratios - Use of Industry Ratios is yet another way of
determining normalized inventory. RMAs financial ratios report
inventory turnover ratios for most industries. This ratio can be
utilized by dividing Cost of Sales by the Inventory Turnover Ratio.
No one wants surprises at closing due to the miscalculation
of the inventory amount needed to operate the business. The
above methods of determining the normalized amount of inventory to be included in the price of a business can be effectively
used in conjunction with an analysis of the company’s financial
statements, consultation with the owners, and input from their
financial advisors. Additional adjustments to the inventory may
be needed to account for damaged, non-salable, outdated, or excess inventory.
Jeff Jones is the President of Certified Appraisers, Inc. and Advanced Business Brokers, Inc. located at 10500 Northwest Frwy., Suite 200, Houston, TX 77092. He
can be contacted by email at [email protected]. Visit his website at www.
advancedbb.com.
»Continued From Page 28
3, 2, 1 - How to Be Your Best on Video!
Never wear a white jacket. Wearing white, in general, makes you
appear ten pounds heavier on camera. You also need to be aware
if there will be a green screen behind you when you are filming; if
so, you can not wear green because it won’t show up on camera. If
at all possible, it is a good idea to get an approval in advance about
what you are wearing from whoever is in charge of production.
Whenever you are asked a question on camera, carefully take
time to think out the answer for each one of your responses.
Don’t become distracted in anticipation of the next questions. Remain calm, because, above all, it’s vital that during every interview
or when recording a product that the TV viewer identify with you,
like you, and trust in the message you are sharing.
Pilar Ortiz, President of Pilar Ortiz Enterprises, is a TV & Video coach, bilingual speaker,
& on camera talent. She is can be contacted by phone at 727-557-5656, by email
at [email protected], or visit her website at www.PilarOrtiz.com.