 |
|
****************************
Corelytics wins Grand Prize at Intuit Quickbooks Apps Competitions
Last week Corelytics won the grand prize in the Intuit Apps Showcase event, as the best add-on application for Quickbooks. Over 160 developers were in the competition. Here's what Intuit said about Corelytics:
"It's impressive to hear a CEO talk about avoiding a train wreck in her business with this app. They've taken a simple stoplight (green, yellow, red) approach to financial dashboard measures so it's quite clear where a business leader needs to focus. Corelytics has industry benchmarks displayed for each measure too. The app provides a forecast range for each of the measures. Once a business leader sets a goal, Corelytics gives them tools to answer how they're doing and manage their business better. This app is simple at the dashboard level but really has analytic depth. At only $59 per month, as one of our VCs said, "it's a deal!"
Austin Dale Group is part of the Corelytics Coaching Network. Contact us to find out how you can use Corelytics to improve your own business. |
|
___________________
Tips for a Successful Business Sale
* Valuation is an important exercise, but usually the result is not the purchase price. The business will be bought for whatever the seller will take for it.
* Complexity is a killer in deal making. It sucks time and saps strength. The more complicated the deal structure, the less likely it will work.
* Keep the momentum going. Deals that drag don't close. Energy and zeal are critically important.
* Don't negotiate with people who are not motivated to buy.
* Merger and acquisition deals involve three objectives: speed, confidentiality, and value. Focus on the two that are most important, but hope that all three can be achieved.
* Sellers are often selling their legacy, so the dynamics of the sale are often more important than the top bid. In the eyes of the seller, the preferred buyer is not necessarily the high bidder, but rather the one who has the best intentions, the best chemistry, or the best credentials. |
|
|
News and Upcoming Events from Austin Dale Group |
 Webinar: "10 Steps to Prepare and Sell Your Business"
Did you know that over 50% of small and mid-sized businesses never sell when they are put on the market? Selling a business is not like selling a piece of real estate or any other type of asset. This webinar is designed for business owners who are thinking of selling their business at some point and need to know how to prepare and follow-through to be successful and maximize their proceeds. Even if you are just starting to think about it, it's more crucial than ever for owners to plan ahead to optimize the value of your company, and take advantage of market conditions and timing to get the most out of selling your business.
Target Audience: business owners and executives of small to mid-sized companies
Date: August 25, 2011 (Thursday)
Time: 10 AM to 11 AM (Central)
|
CompTIA Membership Discount
CompTIA is the association of information technology companies and professionals. CompTIA has authorized us to pass along a 40% discount to our clients who are IT service companies and resellers who wish to join. Contact us for more information and a promo code that will provide you full membership for only $150 (normally $250) for the first year. For most members the benefits are worth much more than $150.
Here are a few highlights of member benefits (and there are more):
- Market research: Access to fantastic studies about Cloud, Business Confidence, Security, etc. They also just launched a cool new market research search tool that allows members to more easily find not only CompTIA research, but also other free research out on the web. It's much more targeted than using Google.
- Certification and Credential Discounts: CompTIA is the leading vendor-neutral certification body in the world. Members receive 80% off of their first voucher and 15% all subsequent ones. Also, they receive discounts on business-level accreditations like MSP Partners Trustmark and Security Trustmark, which can help differentiate you from your competitors.
- Education: They are building a best of breed channel education library on topics ranging from business transformation to running your business more effectively. Follow this link to view the latest education catalog that describes all of the education and pieces within each module--webinars, 10 week guides, whitepapers, etc.
- Business Tools: They have legal and HR resource centers which allows members to create documents such as customized legal templates and employee handbooks with a few keystrokes. They also have calculators that help members determine how they "stack up" against their peers.
- Corelytics Financial Dashboard: Members have free access to the "Lite" edition of the Corelytics financial dashboard tool. This is the award-winning tool that revolutionizes how small business owners see their financial picture, compare to industry benchmarks, and improve management oversight.
- Affinity Programs: They have great affinity programs around insurance (health, care, business), car rental, office supplies, etc.
We've been working with CompTIA for about one year. Our aim was to help create a new community within CompTIA, the IT Business Growth Professionals. We have seen firsthand that CompTIA is serious about the new Executive Director's plan to grow CompTIA membership 10-fold in the next 10 years and make a major contribution to the success of its members, many of whom are the owners of IT companies (service, software, etc.). This is a great deal if you own an IT company and can use two or more of the benefits.
|
|
|
|
