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Why do I need a formal business transition plan?
A formal business transition plan puts your goals, priorities and strategies in place for a successful transition to face the future. Without a clearly defined plan, business owners are leaving their personal and financial future to chance.

I am not sure I am ready to transition out of my business. How do I know when the time is right?
Transitioning out of your business is all about setting and reaching goals. Have you accomplished what you set out to do with your business? Do you have dreams of doing things other than running your current business? Answering these questions will tell you if the time is right to implement a formal business transition plan.

I know my business better than anyone else; why shouldn’t I handle my transition plan and process myself?
Business and personal transition are a complex and personally time consuming and challenging processes that are very difficult to handle by yourself and get it right. Most transition processes involve emotional, fiscal and risk management issues requiring a team of professionals familiar with these areas to take care of them.

Who are the experts on a transition team?
Depending on what phase you are currently in, any of the following professionals may be involved: Accountants, Certified Financial Planners, Lawyers, Business Consultants, Business Brokers, Bankers and so on. To achieve a successful transition plan, all the work required from all the professionals involved shall be coordinated by a Corporate Strategist Expert well familiarized in all the activity fields involved.

Why do I need a transition team?
Simple: you want to maximize your assets. You need experts in every area to help you get the most cash for yourself and your business. Using a transition team will cut down on the enormous amount of time you would otherwise have to spend planning, marketing, talking, negotiating and working to find a potential buyer or partner who might otherwise end up walking away. Unless you have been through a merger, acquisition or divestiture, transition planning and execution are unlike anything you have ever done before.

Why shouldn’t I hire an investment banker or any single professional to handle my transition process?
Other than SSTM, there is no national firm or individual that handles every aspect of a business or personal transition process. And if you have cost issues, you should do a comparison.

Where can I find these experts?
Even if you have an accountant, broker or financial advisor, they may not be uniquely qualified to assist you with the transition. You need experts focused on business transitioning. SSTM will work with you and your team of trusted advisors to identify and provide you with the best choices for each expert.

What information do I need to prepare for my transition?

  • Financial documents:
    • A minimum of five years of financial documents
    • Audited financials for three years
    • Pro-forma sales and cash flows for two years out
    • Three years of taxes
    • Company insurance documents
    • Personal financial information (account statements, complete copies of federal and state tax returns, estate documents)
  • Customer lists (shows history of longevity)
  • Vendor lists and relationships
  • Operational systems and procedures for everyone and every part of your business
  • Legal corporate documents
  • Contracts with vendors, suppliers, customers and clients
  • Intellectual property rights and assets

How long does it take to complete a successful transition process?
Typically, depending on your goals, expectations, the nature and size of your business a successful transition process may be completed inside a time-frame of SIX months to FIVE years.

What if I have already completed some parts of the process?
SSTM can become involved at any point of your transition. Our experts will review the work you have already completed, provide recommendations and take the necessary actions to keep or get you on the right track. Even if you have completed your transition, our certified financial planners can help with wealth management.

How do I get started?
The four phases of proper business transition planning are:

  1. Pre-Sale Phase
  2. Positioning for Sale
  3. Transaction Phase
  4. Wealth Management

Following the above Four Phases of a Successful Business Transition Plan, SSTM uses the following process to guide you through your transition.

  • Data gathering
  • Initial Expert Team Consultation
  • Selection of your team
  • Creation and Execution of the Transition Plan
  • Successful completion of the transaction
  • Wealth management system put in place for a secure financial future

SSTM, helping companies successfully complete business transitions.

JMD

J. Michael Dennis is a former attorney, a Trial Consultant, a Trial Scientist, Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

increase-your-income

Growing your business doesn’t always mean that you have to increase your expenses.

More often than not you already have everything you need to take your business and company to the next level.

The tricky part is finding and unveiling your unknown resources and figuring out where to allocate them for maximum impact.

Maximizing your profits is simply a matter of being smart about your resources.

This is the challenge that inspired me to create Bunkumless.com, a new corporate, business and entrepreneurial platform that shows you exactly where you may be leaking money, and where there is room for improvement.

Need a fast overview of how things are going?

Check my Free Introduction Offer. There’s no pitch. Nothing to buy. It’s pure content. I am simply giving you free access to a Skype Consultation Service

This is your opportunity, your day-to-day ticket to keeping your finger on the pulse, enabling you to make informed decisions.

JMD

Owner of Bunkumless.com and King Global Earth and Environmental Sciences Corporation, JMD, a former attorney, is a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  Follow JMD @ jmdlive

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Hey,

I’m doing something different today, and frankly it’s long overdue.

I’m sending you a little gift, just to say thank you for subscribing to my blog. 🙂

There’s no pitch. Nothing to buy. It’s pure content.

I want to give you free access to a Skype Consultation Service I created for all new entrepreneurs and small and medium size businesses owners and managers.

Join me on Skype @ jmdlive and just click the link below and book your FREE 30 minutes Skype Consultation appointment right now.

To confirm your request, please click here.

Talk soon,

JMD

Young lady standing and making phone call with message icons Bunkumless.com: The best invention since the time machine

Bunkumless.com, is now providing “FREE” professional and corporate virtual branding and marketing services to its clients around the world.

If you are a startup or have a small business and you do not want to invest in additional infrastructure or employees to grow your business, you should certainly hire a virtual assistant or a corporate virtual services provider firm!

Bunkumless.com may well be that firm. Bunkumless.com virtual assistants and corporate services are known for reliability and dedication toward work assigned. Bunkumless.com only work with people who are 100% committed to growing their business through real, targeted creative marketing. And they get results.

If growth matters to you, if you want to level up, this opportunity is for you.

What Bunkumless.com is offering you is a FREE 30 minutes’ consultation to evaluate your branding and marketing needs and wants.

During this 30 minutes’ FREE interview, Bunkumless.com provides you with initial advice and a possible strategy that you can follow based on your actual situation, goals and desired results. Bunkumless.com works through your business model, find out where you may need some work, and offer you suggestions.

For more information on this offer, click here

JMD

Owner of Bunkumless.com and King Global Earth and Environmental Sciences Corporation, JMD, a former attorney, is a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  Follow JMD @ jmdlive

 

 

 

Isaac Newton

“If I have seen further than others, it is by standing upon the shoulders of giants.” – Isaac Newton

There is something called “Collective Intelligence”

Humans have been around for approximately 200,000 years, but up until about 70,000 years ago, we weren’t too different from any of the other animals in our impact on the environment.

Then, in a relatively short period, we became the dominant predator on Earth. A few 10,000 years later, we began settling into agricultural communities, and less than 9,000 years after that, we learned to write. Since then, our rate of progress has only gotten faster.

The modern world we enjoy today is inconceivably different from the world we’ve lived in for the majority of our existence.

What changed?

The answer lies in our ability to pass down knowledge.

Nothing Is Entirely Original

When most of us think about a discovery or an invention, we think of something new; something that did not exist before; something that seemingly came up to us out of thin air.

That is not an entirely accurate way of looking at it.

No discovery or invention is completely original: Any new idea, process, or method is in some way a combination of old concepts and information. Discoveries are never a product of pure single-handed originality.

There is no copyright on intelligence

Our humanoid prosperity as a species rests on our collective intelligence. Alone, and without the power of past knowledge, we would not be where we are today. Individually, we have to rely on others more than to depend on ourselves.

None of us can do it alone, and we do not have to. The intelligent creative process is nothing else than a way of finding relationships between people, between intelligentsia and what is already known.

Yes indeed, there is something called “Collective Intelligence” and by definition, everything that is “collective” does not carry individual ownership.

There is inspiration to be found everywhere.

JMD

Owner of Bunkumless.com and King Global Earth and Environmental Sciences Corporation, JMD, a former attorney, is a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  Follow JMD @ jmdlive

 

 

 

 

Small things, if not corrected, always become big things. For better or worse, even seemingly inconsequential aspects of our lives can create ripples and waves of consequence.

Is your life off-course?

What feedback are you receiving to correct your course?

How often do you check your guidance system?

Do you even have a guidance system?

Where is your destination?

When are you going to get there?

Are you currently off-course?

If your answer to the last question is “YES”, here is what you have to do to get back on-course, to minimize the actual turbulences and other conditions distracting you from your intended path and final destination

  1. Organize Your Life

Life is busy. It is difficult to keep everything organized and tidy. And maybe you do not want to have an organized life. But moving forward, like it or not, requires a minimum of discipline and organization. Everything in life is energy and moving forward requires far less energy if you remove all unnecessary aggravation and tension from your life.

In life, there are some important, and urgent things and most people will spend their entire life prioritizing insubstantial activities such as answering emails, putting out proverbial fires, and just day-to-day stuff. Very few people organize their lives prioritizing almost exclusively truly important urgent activities and issues relevant to their health [either mental or physical], and personal lifetime rewarding achievement.

No one should care about your success more than yourself. If you are not a meticulous enough or do not care about proper planning of the important details of your life, then you are not responsible enough to get or to become what you say you want to get or become.

You want to reach your final destination? You want to be a winner instead of a loser? You have to manage your time and organize your life!

Manage your environment

Does your environment facilitate the emotions you consistently want to experience? Does your environment drain or improve your energy? If so, clean up your cluttered and messy living space.

Manage your finances

Do you have unnecessary debt? Do you know how much money you spend each month? Do you know how much money you make each month? Are you making as much money as you would like to make? Are you creating more value in other people’s lives? What is holding you back?

Most people do not track their expenses. But if they did, they would be shocked how much money they waste on stuff like eating out. Most people procrastinate and avoid as much as possible all administrative and logistical details about their life and, this lackluster behavior is holding them back from the very goals they are trying to accomplish.

You want to achieve your goals, whatever they may be, you have to hone in your finances; regardless of your actual income, you have to organize your life in such a way to maintain and develop and maintain a healthier financial living situation. Until you take complete responsibility of your finances, you will always be a slave to money.

Manage your relationships

Do you maintain toxic relationships that no longer serve you? Do you spend enough time nurturing the relationships that really matter? Like money, most people’s relationships are not organized in a conscious and conscientious manner. Today, with something so critical, all of us, including you, should take better stock of our relationships.

Manage your health

Does your body reflect your highest ideals? Is your body as strong and fit as you want it to be? Are you conscious of and in control of the foods you put in your body? Do you eat with the end in mind? Are you healthier now than you were three months ago?

Health is wealth. If you are sick, bed ridden or dying, who cares about how organized are the other areas of your life? Have a healthy lifestyle. Exercise, avoid foregoing sleep, over consuming stimulants and maintaining or developing poor eating habits.

Little things become big things. And eventually everything catches up.

Manage your “Inner Energy”

Do you have a sense of purpose in life? Have you come to terms with life and death in a way you resonate with? Have you truly living or simply existing? How much power do you have in designing your future?

When you organize your “Inner Energy”, you become clear on what your life is about. You become clear on what you stand for, and how you want to spend each day. You develop conviction for what really matters in live and what really matters to you: There is no more room for any kind of “distraction.”

No matter how well defined, everyone has a moral system governing their behavior. Most people believe in being honest and good people. But until you organize your life and live as your “Inner Energy “dictates you to conduct and live your life, you will always, inevitably and constantly experience internal conflicts.

Manage your time

Are the activities you spend your time doing moving you toward your ideal and preferred future? How much of your time do you feel in complete control of? Are you spending most of your time furthering someone else’s agenda? How much time do you waste each day?

Until you organize your time, it will disappear and move quickly. Before you know it, you will wonder where all the time went. Once you organize your time, it will slow down. You will be able to live more presently. You will be able to experience time as you want to. You will control you are time rather than the other way around.

Stop What You are Doing and Get Organized

If what you are doing is not working, stop doing it and, once and for all, get organized. The fastest way to move forward in life is not doing more or what you do; it starts with stopping the behaviors holding you back.

Getting organized and conscious of your present circumstances puts you in a position to finally build toward the preferred future you want. Stop your negative behaviors now and start implementing good ones. Constantly repeating what is not working for you will only always and invariably result in taking one step forward and one step backward.

If you want to get in shape or better health, the first thing to do before you start exercising, before doing anything else, is to purge the junk food from your diet.

Before focusing on making more money, reduce your spending. Detach yourself from needing more and become content with what you have. Until you do this, it does not matter how much money you make. You will always spend more than what you have.

Everything is a simple matter of stewardship

Rather than wanting more, it is key to take proper care of what you currently have. Organize yourself. Dial it in. Your life is like a garden. What good is planting if you do not have a fertile soil, if you do not prepare the soil and remove the weeds?

Why do most people stay stuck? Why do most people never achieve their goals? Why do most people never achieve success? They never organize. They simply try doing more of what they are doing and is not working.

My best possible advice: Before you “hustle,” get organized.

  1. Plan and Invest in “Your” Future

Even though the moment you decide you are worthy of it, you have complete power over the details of your life, very few people take the necessary time to consciously plan and design their life.

Are you worthy of that power or not?

You have to ask yourself this question and answer it right now, right this minute.

If your answer is “No”, do not bother to read this article any further; just stop complaining and enjoy your miserable life.

If your answer is “Yes”, I have to tell you that you are in for some real hard times. Your decision to plan and invest in “Your” future will result in tangible behaviors and difficult choices to make, decisions like fixing or eliminating troubled relationships from your life and saying “No” to some of your preferred activities that are nothing more than a waste of your time and immediate momentary gratification.

When you choose to forego momentary, you are investing in your future and most people fail to do this successfully. Most people do not purposefully invest in their finances, relationships, health, and time. But when you invest in yourself rather than immediate gratifications, your present moments will continue to get richer and more enjoyable, tremendously enhancing your chances to a guaranteed better future.

Thus, your life will continue getting better and more in line with your ideal vision every day.

  1. Tracking Important Metrics

Getting organized and investing in your future are futile if you are not tracking your progress. To be and to keep being the best in the world at what you do, you need to be on top of What is going on in your life. when behavior is tracked, and evaluated, your performance and productivity improve drastically. One impediment though, tracking is challenging. Tracking and monitoring your performance and progress requires discipline and most people quit doing it within a few days. The good part is that once you start monitoring and tracking, desired change happens quickly.

Track the things that are closely related to your core priorities and just remember this fundamental rule: If you have more than three priorities you have none. Keep your priorities to a minimum and start building your life around them, tracking and monitoring all your progress and actions toward your ultimate goal, your preferred future.

You can track whatever priorities you may have, either your key relationships, your business and finances, your health or how you use your time and once you do, your conscious awareness of these things will increase. Your ability to control these things will enhance. Your confidence will wax strong. And your life will become a lot more easier and simpler. You will be living a simple, yet organized and refined life.

Start monitoring and tracking your priorities now!

  1. Listening to your “Inner Voice” to Reduce Noise

There’s a lot of emphasis on hustle these days. But all the hustle in the wrong direction isn’t going to help you.

People may spend their whole lives climbing the ladder of success only to find, once they reach the top, that the ladder is leaning against the wrong wall. This happens way too often; far too late do we realize that in our mad rush, we were pursuing someone else’s goals instead of our own.

Spending time listening to your “Inner Voice” for advice and clarification does more than provide clarity to what you are doing. This opens your mind up to possibilities you cannot see, perceive or get while keeping busy hustling.

Spending time looking for and listening to your “Inner Voice” brings you insights and enlightenment to guide you in whatever may be your endeavor. It will bring you clarity, ideas and concepts that may prove to be absolute gold and new insights regarding your actual personal or business relationships.

But there is more

Your ‘Inner Thoughts”, your “Inner Voice” is a source of incredible power. This is the “power Within”, the “Power Within You”. That “Power” actually governs not only your actions but the interactions that you have with people around you and their actions and reactions toward you. The way you interact with people around you impact their lives either in a positive or negative way.

If you think positively about the people you interact with, this actually makes a difference. In both, your life and their life. Your thoughts create endless waves and ripples of consequence all around you. If you maintain a positive attitude, interesting things will begin happening.

Your life will improve and everything that you will touch will turn to gold. If you are uncomfortable with the idea of miracles, you can think of it as “Bona Fortuna” or even luck. Whatever you want call it, when you spend large portions of time every day in deep reflection mode, good things start happening. Things happen for your benefit that are completely outside of your conscious mind or conscious control.

Tap into your “Inner Power” and you will unlock limitless possibilities. The only thing holding you back from those things is your mind.

  1. Moving Toward Your Goals Every Single Day

How many days go by where you did nothing to move toward your big goals?

If you do not purposefully carve time out every day to progress and improve, then without question, your time will get lost in the vacuum of our increasingly crowded lives. Before you know it, you will be wondering where all that time went.

Now that you got yourself organized, finalize your initial planning, that you are tracking your progress and listening to your Inner Voice, taking action and hustling shall have become instinctive and automatic. Focusing on the right thing and in the right frame of mind to actually execute them every single day shall be your daily modus operandi.

Keep doing it every day, first thing at the beginning of your day. This is the only way to get and to keep things done. If you do not, nothing will get done even though that by the end of your day, you will feel exhausted and fried. There will be a million reasons to just start over tomorrow and tomorrow will be the same: by the end of the day, nothing will get done.

Starting today your mantra shall be: The worst comes first. Do that thing, those things you have been needing to do and never did. Then do it again tomorrow and the day after. Do it every day for the rest of your life.

It is really easy to get off course in life and we constantly need to make course corrections. Follow my lead long enough and you will be shocked.

Just remember: “Tomorrow Starts Today!”

JMD

Owner of Bunkumless.com and King Global Earth and Environmental Sciences Corporation, JMD, a former attorney, is a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  Follow JMD @ jmdlive

 

 

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“Life doesn’t have to be a perpetual fight. Empower yourself and do it now!”

JMD

 

I don’t really care about what you want or need.

I don’t really care if you want to hustle 18 hours a day or buy a NBA franchise. I really don’t. No matter what you want or need, all what I care about is for you to win and achieve the life of your dreams.

You need to care about what you want and need

All underachievers that I know, without any exception, are crippled by fear. They constantly worry about what other people think of them. They are not defining their wants and needs because they are not in control of their life. They let the world, their mom, their dad, their spouse, the public opinion, the media and society in general define who they are. Their life is in constant turmoil.

You have to let go and just do what you want to do

Empower yourself. Have a good look at yourself, stop blaming the world for everything that is happening to you. Stop the excuses. Have a good look at yourself and above everything else, stay away from toxic people. Stop letting others define who you are. This is your life and it is up to you and only you to decide and define who you want to be.

You are not happy with your life!

You are not happy with yourself! Take charge of your life. Reinvent yourself. Reengineer yourself. Be your own boss. Do not let anyone or anything dictate who you are and how you should conduct your life anymore.

Empower yourself

Everything you want, everything you need in life is within you. Stop looking anywhere else for answers. Self-awareness is the key to living the life of your dreams, the key to your best possible preferred future.

Nobody on this earth preaches and loves entrepreneurship more than me. We are now living in the golden era of entrepreneurship. Entrepreneurship is having its’ moment big time. You are unhappy with your life, my advice to you is: empower yourself. Figure yourself out and just do you.

“Not everyone is born to be an entrepreneur” would you tell me! In fact, you are right and not everyone should! Have a good look at yourself, figure yourself out and if entrepreneurship is in your DNA, don’t look back and go for it! Find out what is your north star, what your life and financial ambitions are, what are your challenges and the main obstacles you have to overcome to be the person you are, the person you want to be. Stop listening to everyone other than yourself and just do what you have to do.

Go all in!

Define who you are, define your goal and stick to it. Do not let anyone or anything distract you from your final destination. Be the captain of your own ship, the captain of your own life. Stop reading and start writing your own book, the book of your life. The people that win are in tune with themselves. They’ve figured themselves out.

Have you?

JMD

Owner of Bunkumless.com and King Global Earth and Environmental Sciences Corporation, JMD, a former attorney, is a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  Follow JMD @ jmdlive

In need of assistance! bunkumless.com

 

 

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