Podcasts And Videos
If you are new to videos and podcasts, here’s how to use them. The videos on the website are available for immediate viewing. Use the right navigation bar to find a video by topic. To add your comments about the video, click on the video title. We want to hear what you think.
Videos are also available through iTunes U as a podcast. You will need to install iTunes on your computer. Click on the link titled “Podcasts,” and you will open NxBizSuccess on iTunes U. There you can directly download the tracks to your computer, iPod, or phone.
Remember to ask for RSS feeds of these videos and podcasts. You will receive an email notification when a new video is posted to the website or iTunes U.
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Nebraska Business Development Center Overview
Friday, May 14, 2010 11:10
NBDC is a hidden treasure to many Nebraska business owners according to Odee Ingersoll, Director of the Nebraska Business Development Center at the University of Nebraska at Kearney. NBDC is a one-stop shop for new, expanding and exiting business owners. Most services are free and include services such as loan packaging, premium market research, and business planning. Fee-based premium services include business valuations, manufacturing efficiency, and exit strategies. Continue…
Exit Planning – Purchasing Options
Friday, May 14, 2010 11:03
Are you looking to sell or buy a business? Even though the buyer may not have the 20% down payment, there are options available to get the deal done. Odee Ingersoll, Director of the Nebraska Business Development Center at the University of Nebraska at Kearney details an exit planning strategy that allows buyers to get into the business. Valuation experts look at the value of the business and the cash flow it produces. They also conduct an appraisal to determine the fair market value of the business. The objective is to get the buyer a 30 – 40% ownership in the company quickly. Ownership is then discounted and used as leverage to finance the remaining amount of the business. 2 of 3 exit planning videos. (http://www.nbdcunk.com)View Video
Exit Planning – Selling Strategies
Friday, May 14, 2010 10:48
Prepare for the end game and get the most out of your business investment. Odee Ingersoll, Director of the Nebraska Business Development Center at the University of Nebraska at Kearney, encourages business owners to prepare their exit strategy. This will increase their business value, help them find potential buyers and make a quicker sell. About three years out, owners need to develop internal processes that show potential buyers and lenders the value of the business. The goal is to strategically sell the business at the highest value rather than letting the general market determine the value of the business. 1 of 3 videos. (http://www.nbdcunk.com)View Video
Are You a Want or Need Business
Friday, May 14, 2010 10:35
Peter Fink, owner of Certified Transmission in Omaha, NE, emphasizes that providing value and customization is critical for a business’ ability to compete. People are looking for something different in the marketplace…unique products or customized, personal services. Peter defines value as to how long it will last, not necessarily how much it costs today. Decide what kind of product you have…a want product or a need product. A transmission is a need product. People only buy transmissions when they need replacements, not because they want one. Make sure you thoroughly understand your customer base. Your makret success will depend on correctly identifying the motivations and needs of the customer. (http://www.certifiedtransmission.com)View Video
