ADD MORE MOVEMENT TO EACH DAY Get in Better Shape
Getting the movement our bodies and minds need each day can be challenging. Many of us work on computers for hours, only standing to use the restroom or refill our water bottles. But we need to do more than that to stay healthy. When we add more movement to our daily routines, our muscles grow stronger, which helps improve our balance, stability, and coordination. Our bones become more durable and our joints more flexible. It’s no secret that moving helps us live healthier, but going to the gym can be expensive and time-consuming. Thankfully, we can adopt simple daily routines to add more movement to our lives. Here are a few worth trying. BE ACTIVE ON YOUR WORK BREAKS. If you work an eight-hour shift, you are entitled to a few breaks throughout your day. Try to use them to be active. Stand up and stretch or walk around once an hour if you work on a computer. Set reminders
on your phone so you don’t forget. You can even utilize a standing desk to avoid sitting for extended periods. If possible, get out during your lunch break and walk instead of sitting down. Being active throughout the day will help prevent stiffness and fatigue while improving focus and productivity. WALK OR BIKE TO YOUR DESTINATIONS. We’re all accustomed to getting in our cars whenever we need to go somewhere, but
maybe it’s time to walk or get the bike out instead. If you travel a short distance for work, consider walking there or riding a bicycle if possible. The same goes for trips to the post office, grocery store, or other locations close to your home. You’ll add some extra movement and sunlight to your days. TAKE THE STAIRS. If you work in an office building, skip the elevator. If you work from home and have stairs in your house or apartment, walk up and down the steps a few times. You can also take the stairs up to buildings instead of using walking ramps. This adjustment is one of the quickest ways to add exercise into your day, and it doesn’t take much! These little changes can go a long way, but remember that doing these activities once is not enough. They need to become a habit. Perform them every day when possible, and you’ll feel better physically in no time.
HOW TO GIVE A BUYER A DISCOUNT WITHOUT TRYING
Over the last three years, my company, American Business Brokers & Advisors, has been very busy working with convenience store owners who were interested in selling their businesses. ABBA has always been busy, but recently, the number of convenience store owners wanting to sell has increased. Why? A lot has to do with what was going on in a business owner’s life, and maybe retirement was on their mind. Plus, convenience stores have been selling at an all-time high, and this was because of the low-interest rates and cheap money, and the best time to sell is when the market pays you the most money. The cheap money has since gone away, but there is still a high demand for convenience stores with quality assets and good cash flow. As I mention in my book “Hidden Wealth, The Secret to Getting Top Dollar for Your Business,” the way to get the most money for your business is to be able to show a buyer how much money you are making and be able to prove it.
I just counted seven chains of convenience stores I am representing that will have to give the buyer a discount on what their business will sell for because they didn’t keep good books and records. And it is usually the simple things that could have been prevented. For example, not keeping track of the amount of income a business is generating from a specific location, but instead comingling the income of the one location with several other locations, thereby making it impossible to determine what each location is generating individually. The same goes for the expenses of each location and not designating the expenses specifically per location or not keeping track of where the money for each location is generated by category and instead just writing down everything as income. Instead of having detailed information by location for each of several locations, you have a big glob of numbers that may generate a
good income at the end of the day, but nobody knows where the money is really being made. A buyer will be able to see the business is making money but has no idea as to where the money is coming from and thereby will demand and get a discount from the seller. Businesses are valued by the amount of cash flow they generate, and if you can’t determine where the money is coming from, even though we can prove the business is generating the money, the buyer will get a discount. When I begin working with a business owner, I will ask a lot of questions about the business. I am almost doing forensic accounting on the business to make sure I don’t miss anything, ensuring I can get the business owner top dollar for the business. But if I can’t find the money after digging deep into the business’s books and records after reviewing hundreds of convenience stores over the years, how is the buyer going to find the money? Chances are they are not going to find it either.
2
WWW.TERRYMONROE.COM
800.805.9575
Made with FlippingBook Ebook Creator