Successfully selling a small business to an investor, group, or competitor in your industry requires preparation. Otherwise, your business will be less interesting to the potential buyer. Which means that you will struggle to find a buyer in the first place. If you do find a potential buyer, you might be dissatisfied with the purchase price. With a bit of preparation you can achieve both: Your business becomes more attractive to potential buyers and the purchase price will be higher. So, what do you need to consider?
Over the last few weeks, the crypto market has suffered from substantial losses. The last months showed once again brutally how volatile Bitcoin – and with it the entire cryptocurrency market is.
Ever since I first read the Bitcoin white paper and learned how the blockchain technology works – I have been a big believer and fan of decentralized currencies. However, for over five years I have been telling people that while the blockchain technology is great and decentralized applications will be the future, there is no value in any of them – neither DAPPS nor cryptocurrencies – unless there is a real-world usage of them.
To think about the future of a certain industry, we must start by asking questions. These questions should be honest, and they should be challenging. Right now, we can see entrepreneurs and technologists who are re-inventing entire industries. They do so by identifying a problem and then asking the RIGHT questions.
It is absolutely ridiculous that COVID-19 passports or vaccine certificates become more and more acceptable in our society. Currently, there are serious efforts to let those who have been vaccinated (and those who’ve been infected) re-enter life. Those who have not been vaccinated yet or those who have been infected asymptomatically are still waiting to regain their basic rights.
Denmark announced in March that it plans to limit the number of “non-Western” residents in neighborhoods to a maximum of 30%. The plan is to avoid the emergence of parallel societies and ghettos. This unexpectedly was a great opportunity for the sensational media to formulate attention grabbing headlines. However, in this article I want distance myself from attention grabbing headlines and talk about how quotas might actually establish a more equal and fair society – especially for immigrants.
Vinod Khosla is the founder of Sun Microsystems and the founder of Khosla Ventures. In an interview with StartUp Health he talks about the future of healthcare and moonshot thinking for entrepreneurs and investors.
Special purpose acquisition companies or short SPACs have risen dramatically in popularity. CNBC calls them “one of Wall Street’s hottest trends”
Yesterday I had a brief but rememberable conversation. I talked to a physical therapist who owns a small but interdisciplinary medical training center. The medical training center is offering physical therapy as the major health service. In Germany, the public health insurance is covering physical therapy. As a result, all patients of her physical therapy are accustomed to getting the health service without paying for it.
Health, technology, and the power of branding are topics I’m truly passionate about. And when it comes to health services, I’m one hundred percent certain that we can redefine what healthcare means. We are going to create a brand which makes health cool. And we will raise standards while striving for quality guarantees.
I couldn’t believe what I read this morning on LinkedIn. Somebody proposed, if you see an interesting sales prospect on LinkedIn, to not message him and ask for a demo or meeting but instead do the following (quote):
“You have to warm her/him up first:
- go to her/his profile
- like and comment something witty
- one week break
- see 2.
- get him to answer one of your comments
- THEN the message comes with a situational speech.”
Why would I do this? If you want to build a personal long-term relationship with this person, I get it. However, if your job requires you to sell, this is – in my opinion – the lamest excuse for not making a cold call ever.
No matter where you look, you’ll immediately see dozens of problems which should and must get solved. If you pay close attention you’ll see hundreds or thousands of problems and issues which should get solved. This is true if you look at an entire industry, a single organization, at politics, the environment or our society as a whole.
Take a look at our world. No matter where you look you’ll find thousands of things and problems which can and should be solved and improved. You might have a good heart and noble intentions but in order to effectively create change and improve things in this world, you must think and become big. Size matters.
If you ask me – remote events suck. If you ask why – it is basically because they are usually live-streamed. Live-streaming is a technology which is great for democracy and free-speech but not so much for regular remote events. Let’s find out why.
On Amazon you can find hundreds of thousands of books on relationships, marriage, and sex. Which proves that most people are striving for a successful and fulfilled long-term relationship or marriage with a life-partner. But what exactly is the major factor and the basis for a successful long-term relationship?
A rehabilitation can be carried out “full-time outpatient” or “inpatient”. There may be individual factors that speak more in favor of inpatient or outpatient treatment – but in principle, both are equivalent alternatives. So why is a predominantly outpatient concept practical?
If there is one thing the corona virus taught me so far, it is that time is an extremely precious asset. Unlike money, you cannot make more time. Wasting time simultaneously means wasting life. And the corona virus pandemic taught me greatly how much life time we are carelessly wasting.
In our lifetime, there are many people who are influencing our thinking and decision making. I believe the most important thing we have to do in life is to choose appropriate role models, mentors, and influencers. These are the people you look up to. Ideally you look up to them because of their values, their attitudes, and their thinking – not because of their material possessions.
Every morning when you wake up, you decide yourself how you start your day. I myself developed a great habit of morning movement and gratitude in nature. It is the best way I can imagine to start a new day and besides of a little morning exercise, it also gives me a lot of clarity and gratitude on my life.
Born in 1993, I grew up as a teenager using ICQ – the instant messaging service of AOL. With the rise of the smartphone it was WhatsApp which slowly replaced all desktop messaging services like ICQ, MSN, and Skype. With WhatsApp having over 2 Billion active users, I was definitely one of the early adopters of the messenger which once costed €0,99/year.
Productivity is an issue one can easily become attached to. It is what Marc Andreessen calls Productivity Porn. I am also someone who likes to try new methods and new apps in order to manage my life more efficiently. In the past years, I downloaded dozens of apps, tried different productivity methods and I experimented with my sleep schedule to find out what works best for me.
I came up with my own productivity method or ritual which I will simply call The Schober Productivity Method.
Every company has it. The email@example.com email address. It seems to be the standard inbox for companies around the world. Some companies are more creative than others. They have a firstname.lastname@example.org or email@example.com address instead. Which is creative but doesn’t solve an underlying problem.
Often it’s a simple daily chore which reminds me of important concepts in life. Concepts which are true for small things such as cleaning the dishes as well as large and important projects in life and business.
The last two days I visited the Intergastra Messe in Stuttgart. I was engaged in many conversations and the main topic was the innovation and digitalization of the hotel industry. One of the most striking persons I met at the exhibition was Rolf Schlecht, the CEO of Fritz Schlecht SHL, a full-service company specialized in everything from planning and interior design to furniture and installation. He was very curious and asked me the question: “What do you think? How will the future of the hotel room look like?”
If you use an Android phone and you have hundreds or thousands of contacts in your contact list, but a majority of them are saved in your contacts without phone number – and now you want to get rid of them, then this is the correct instruction for you.