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Category: BUSINESS CONSULTING (Page 4 of 4)

Roath Business Directory & Community Hub.

ROATH LIFE LOGO

Raoth Life Business Directory & Community Hub.

Roath Life” in Cardiff UK has its own business directory and community hub website with a possible periodical (plans still in negotiation). The aim of the site is to get the Roath District of Cardiff closer together so that people can see at a glance what’s on as well finding a local business on their doorstep.

Any entrepreneurs wanting to help with this project are more than welcome to contact me.

Due to a lack of funding, I have sadly taken down the websites and forwarded the domains to this website. I am having to start from scratch rebuilding the directory one category at a time.

I have recently added ‘Cardiff Gas Engineers’ which can be found in the navigation menu at the top of this site under the header ‘Directories’.

Donate

Please invest in this project to help me to continue to develop this website and expand the business. (By donating or investing you will help me employ some people to help me with the development of the site.

I need help developing the site which is time-consuming and by advertising small businesses everyone in the local community will benefit from this venture).

Angel Investors or Private Equity Companies wishing to invest can get a commission from sales from Advertising and Services Sold. But first I need a small team of people and I am not looking for loans, so please do not offer any.

If you are reading this and perhaps have been recently unemployed, consider partnering with me, with no financial outlay just your hard work contribution in exchange for a commission on any leads that are secured by you.

I need an internet marketer in Cardiff UK, preferably Roath Area (who is familiar with the area), that can generate leads and who is able to do research as well as copy and paste content. This position is commission only at the moment until I can secure financing. Please send your CVs and inquiries to info@roathlife.com

***Due to absolutely no interest from the public regarding donations, I have taken the campaign down from donorbox.org along with the website.

Where I have all the information of the directories previously published I will merge them to the site.

I have since found some freelancers that can help me but this is going to prove costly which at the moment it is money I do not have.

I need someone with vision to partner with me.

I do not want to borrow money from the bank. So I will go it alone, it obviously will take me a lot longer to do and once it is built everyone who had the opportunity to help me (this also includes my family and so-called friends) and could but chose not to and turned a blind eye. If someone asked for my help I know I would try rather than totally ignore them, I would definitely try to support them in some way and protect their mental health.

Roath Life Business Directory Logo

Covid-19: Public Order Concerns as The British Army may be drafted in.

Coronavirus – Cvid-19 Face Masks in high demand.

This in itself is going to cause a moral panic with hospitals only dealing with emergency care. People will be stocking up food supplies and there could be looting if businesses shut down, as well as mass hysteria.

People will be wanting to protect themselves in any way they can.

I am concerned for people with low immune systems or the vulnerable such as the elderly.

This is serious with a forecast of as many as half a million people will die from the deadly virus.

In my opinion I think there is a political agenda and there is more to this virus than meets the eye. I am not going to start or join any conspiracy theories but I just feel there is more to this than the Governments are letting on and because of media suppression the real truth is not coming out.

Read the announcement here: https://londonlovesbusiness.com/covid-19-the-british-army-could-be-drafted-to-maintain-public-order/

Be Safe and Be Careful !

Selling a Business

Selling a Business!

Before you start remember if you are using a brokerage site always sign a commission agreement up front. A contract saves on any misunderstanding further down the line.

I will give you an example of one such business later on that refused to sign a commission agreement and told me to keep things under radar as he did not want the publicity only to sing it from the roof tops on a popular business social media platform. This in turn minimised who I could then approach as this person was connected with the majority of my connections. Anyone seeing this would eliminate the middle man or in my case middle woman and deal with him directly. He said he was once offered $350K but he turned it down loosing that opportunity for good and now he is asking £345K for the same business. Sometimes you have to evaluate if it is a good thing to pass up on a high figure due to greed and then have to wait many years for another opportunity to come by.

Looking at his website he claims he has ex amount of members subscription sign ups which is good as an email list and you know what they say “the money is in the list”. However he has never showed me proof of this. He also states he has thousands of visitors coming to his site every month and again I have no proof of this either. I did do a SEO audit report on his site and found many errors. Looking at his site I would not spend more than a hundred dollars on it but obviously it is his domain name that holds the key as well as his email list and his traffic.

So my first thoughts are why did he not sign a commission agreement it was not exclusive to me, he could have still approached other domain brokers. Secondly under the Anti-terrorism, Crime and Security Act 2001 http://www.legislation.gov.uk/ukpga/2001/24/contents any individual or business must perform due diligence for transactions over £1,000 hence this is a red flag to me that he refused to sign the agreement as this would have been the start of a carbon footprint or digital trail, which maybe means he has less favourable motives to not signing a contract.

So my work that I have done for him to date has gone down the pan even though this domain name was unique and has equity which is an advantage.

But for people who fail to be transparent I will not work with them and have told him so in not so many words this morning to a reply to a message he sent me.

At the moment I am still keeping quiet about the domain name and business modal that this person has for sale as I want to see if he replies to me for being sly.

If he did not want to pay a commission then he should not have approached me and just done outbound marketing himself, but due to health reasons he had not this, so what was the change of heart?

24/02/20 Since writing this blog post yesterday the person has come back to me to say he has does not care for due diligence formalities and the reason he posted on “Linkedin” was to test the water. For people who do not want to perform due diligence raises a red flag.

This person says he has over 20 years experience yesterday but today he says he has over 50 years experience is a lie as the internet has not been around that long for the public. He went on to say he has sold domains all over the world well good for him but a law is a law and you cannot argue with a law.

I am not going to promote his domain name or business if he does not want to play ball, I have more to risk than he does and if he does not care about consequences or formalities, a simple word of mouth gentlemen’s agreement will not do. I was going to promote the domain full blast but because of his reluctance to sign an agreement tells me he has something to hide.

I have done gentlemen’s agreements before and have found them to be not solid, so I will not do them now. Trust no one. Why should I trust him?, I do not know him?

Cash Flows.

Cash Flow.

As mentioned in a previous post I am don’t know about you but a couple of my clients are not being transparent with me and not explaining why they are taking their time paying. I do not want to wave the heavy hand at them but to run a business smoothly you have to prioritise all your due payments and think that if you do not add fuel to your engine, your engine will eventually cease to work.

Below is a sample cash-flow template:

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Remember rather than keep people stringing along or in the dark be transparent. If you have problems paying, explain this to your creditor. Creditors are human and do understand, and the worst thing you can do is avoid them. Creditors can give you more time to pay providing you are honest with them.

Managing Business Payments

Managing Business Payments

When managing money on a monthly basis it is always best to write out a payment plan.

Be brutal with yourself and allow for the unexpected expenses.

Decide also what needs paying first or like me predict when payments are coming in and when they are going out.

If push came to shove would you put a website on top of the list if it meant that without a website your main source of income would fail?

If you a bricks and mortar business and have some business walk-ins then maybe you may not want to prioritise your website. But if your website generated your main source of income you would pay your electricity, your broadband, your telephone and your website hosting first. Obviously there are other factors, such as rent, rates and staff wages, but without your business engine running smoothly your are potentially sabotaging your whole business which then causes redundancies or worse your whole business closing down.

Today I talk about overdue payments. Everyone has bills but there is a way to manage them by writing out a payment plan. It does not have to be anything fancy and it can be done with word and a table of columns (date, description, dr, cr, balance).

When writing your business plan consider that you may need extra money for an added expense not forecasted within the month. If this unexpected bill does not materialise one month let that payment roll over to the next month and so one so that when it eventually rears its ugly head you are prepared for it. Be strict with yourself and never go over your budget. If you manage to save as some months and in my case I do not get domain renewals every month but I still set myself a budget and I roll over that expense to the next month and so on.

Also highlight the most important bills you have to pay and prioritise these payments over others. This payment plan can also be incorporated into your personal expenses. At a glance each month you will then see what needs paying without receiving embarrassing reminder txt messages or phone calls.

I have added a payment plan template for your convenience below:

PAYMENT-PLAN

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