Some more quotes

Put your hand on a hot stove for a minute, and it seems like an hour. Sit with a pretty girl for an hour, and it seems like a minute. THAT'S relativity.

Example isn't another way to teach, it is the only way to teach.

Human beings, vegetables, or comic dust, we all dance to a mysterious tune, intoned in the distance by an invisible player.

 Giving up smoking is the easiest thing in the world. I know because I've done it thousands of times.

A classic is something that everybody wants to have read and nobody wants to read.

Once you've put one of his books down, you simply can't pick it up again. 

Its not the size of the dog in the fight, its the size of the fight in the dog.

A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain.

Early to bed and early to rise, makes a man healthy, wealthy, and wise.

 There are three faithful friends, an old wife, an old dog, and ready money.

Wise men don't need advice. Fools won't take it.

Life's tragedy is that we get old too soon and wise too late.

Keep your eyes wide open before marriage, and half-shut afterwards.

Where there is marriage without love, there will be love without marriage.

Everything is changing. People are taking the comedians seriously and the politicians as a joke.

You can't say civilization isn't advancing; in every war they kill you in a new way.

One may go a long way after one is tired.

Don’t be discouraged. It’s often the last key in the bunch that opens the lock.

Everyone stamps his own value on himself. 

To wish you were someone else is to waste the person you are.

Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art.

I am neither an optimist nor pessimist,  but a possibilist.

Things You Should Check before Starting a Business

Tips You Should Remember Before Buying a Business

 

You have been notified about a business for sale. As a beginner you should always remember to check all the essential documents. Whether you are starting a business or purchasing a business, you should be aware about all the financial transactions made by the company. Major documentation will involve the information about the transfer of the business. A detailed report about all the assets of the company is absolutely essential.

 

As you purchase the business, all the assets of the company are transferred to your name, as you will be legally entitled to handle all the assets from now on. This is mainly done with the help of a master document which is known as Share Purchase Agreement or SPA. It is not easy to buy a business which has been put up in the market for sale. You will have to agree to all the terms and conditions and moreover signing the document involves a lengthy process. It might just take more time that you expect to complete all the legal formalities. ‘Conditions precedent’ is the term usually used for the documents that are to be completed before the proceedings of the business sale can take place. Until and unless the peripheral documents are signed, the SPA will not be effective.

 

Agreements are to be signed about the machinery, vehicles, land, stock or buildings which form an integral part of the business. All this will have separate agreements. The business also includes the right of the employees and intellectual property rights. You need to sign separate agreements which will include information about the fate of the employees. The time in between the leaving of the old owner and the joining of the new boss is known as the transition period. This time period is mutually decided by both the purchaser and the seller. Even after the new owners take control of the business, they generally retain the influential individuals or managers who are absolutely indispensable for the business. Before business sale, the terms and conditions under which these people will stay back has to be negotiated as part of SPA.

 

Most of these managers are retained for training new individuals. Transition period is crucial for any business sale, as this is time when the new boss gets acquainted with the way the business operates. He also gets to know his employees better. The customer’s database is regarded as a gold mine. It is better to get an assurance from the previous owner that he will not manipulate any customer contact for his own benefit. Assurance will be complete when the matter is settled in written terms. If you want to know about the various types of businesses for sale you can contact BusinessForSaleCo.com. This is a kind of platform which acts an instrument for searching franchises and businesses for sale.

The 8 Biggest Mistakes When Buying A Business

Many people dream of owning a business. I was a teenager when I started my first business. Since then I have bought or started many businesses and helped others do the same. Here are some common mistakes I have witnessed or committed myself.

Mistake #1 - Paying too much

This results from the combination of all the other mistakes. Many new business owners set themselves up for failure by paying too much, which results in higher loan payments, lower operating funds, and reduced borrowing capacity.

Mistake #2 - Letting your emotions rule

If you have always dreamed of owning a business, it is very easy to get caught up in the strong emotions invoked by seeing those dreams coming true. To counteract your emotions, take your time, do your homework, and enlist the help of objective advisors.

Mistake #3 - Paying for potential

You should only pay for the business as it stands at the date of purchase, not what it could be in the future. You will have to spend time, effort, and money to develop its potential. The seller chose not to invest in these things, so he does not deserve to be paid for them.

Mistake #4 - Not evaluating yourself

Do you have what it takes to run this business? Try to match your strengths to the important duties you will be required to perform. Running a small business requires the owner to do many things. No one can be good at them all, so make provisions for those areas in which you are the weakest. Some tasks like payroll and bookkeeping can easily be contracted to outside vendors. Possibly your spouse, other family member, or a partner could do things that you cannot or do not want to do.

Mistake # 5 - Not building a team of experts

At a bare minimum, you should enlist the aid of an attorney and a CPA. The attorney can prepare and review documents, help structure the deal, and make you aware of legal and liability issues. The CPA can provide a financial analysis of the business, and advise you about tax and accounting matters. You should also consider adding a business valuation professional to your team. His valuation report can be used to determine the reasonableness of the asking price, negotiate a lower price, and provide valuable information about the business, the industry, competition, and economic conditions.

Mistake #6 – Not verifying information

You should verify all important information about the business. Your CPA can check financial information like receivables, payables, and inventory. Your attorney can review loan documents, leases, and contracts. Your business valuation professional can analyze the competition, the industry, and the economic conditions. Use independent appraisers to value real estate and equipment. Get a credit report on the business through your CPA or banker. You can do some of the investigating yourself to save money, but do not cut too many corners – it may cost you in the long run.

Mistake #7 - Changing too much, too fast

Once you own the business, you will be tempted to start making wholesale changes from day one. You risk alienating long-time employees and customers. Unless the business is in bad financial condition and needs immediate action, its better to take some time to get to know the business, your employees, and your customers before making changes. This is a perfect time to solicit suggestions from employees and customers.

Mistake #8 - Buying a business because you like to do what the business does

One reason restaurants have a high failure rate is people buy or start them because they like to cook. Very few restaurant owners spend time cooking. Their time is spent managing staff, ordering supplies, doing paperwork, and handling daily crises. A small business owner must wear many hats – including that of manager.

Conclusion

Buying a business is a complicated, emotional process. By avoiding these costly mistakes, you can prevent turning your dream into a nightmare.

How to Buy a Movie Theater?

Everyone loves a great movie and even though you can rent movies, there is just something special about going to a movie theater.  The movie theater experience is a chance to see movies before they are released on DVD or available on premium television channels.  Investing in movie theaters for sale is a sound investment that is sure to provide you with a great return on your investment.

Check the Facilities
When you are looking for movie theaters for sale the best place to first check is the actual movie theater facilities. Talk with the operating manager or the owner to find out if they are considering putting the place up for sale or even if it is already on the market.  Who knows at the right price you might convince an owner to sell that did not have the place up for sale initially.

Operating Costs
Some movie theaters have gone under because they could not handle the operating costs of the facility.  Review financial reports to determine how much it costs for employees, movie royalties, staffing, equipment and other aspects of the business.  Are there areas that you can carve away at expenditures to turn the facility around to make a profit?

Local Economy
Some movie theaters for sale are not making a substantial profit because of the local economy.  After all it is the local people in the area that visit the facility and determine if your new theater will make a profit or not.  There are effective marketing strategies that can turn movie theaters around to making significant profit, even if the local economy is slow.
Additionally, if the local economy is poor more than likely it will turn around and grow again.  Can you ride out the local economy to have a business that will be making potential profits in the future?

Variety
People like variety.  A business that can offer variety for entertainment purposes will increase its growth potential very quickly.  Many movie theaters for sale have not thought about purchasing additional items for the facility to increase the number of people that will visit.  For example, additional arcade equipment will attract more young people and teens.  Working head sets for sound amplification will attract more hearing impaired customers because so many movie theaters do not offer this service to customers.

We naturally like to eat when watching television at home.  A theater that has a large selection of movie snacks and drinks can significantly increase profits.  For example, offering both Pepsi and Coke products for fountain drinks will provide more variety and choices for customers.  Instead of just popcorn and candy, the facility can sell nachos, hot dogs, baked chips, all natural fruit smoothies, small vegetable and dip trays and other healthy snack items.  These will appeal to more people and increase the number of customers for the movie theater business for sale.

Often if you do an analysis of the facility, you will find that a great deal of space is wasted. This space can be turned into a game area, additional auditoriums or increase the space for the snack and drink bar.  When you are looking at different movie theaters for sale keep in mind the changes that you want to make and determine if the facility has the additional space available after you re-organize.

Growth Potential
Look at the current and previous profit and loss reports for the movie theater.  Talk with an accountant and other people that are familiar with the movie theater business.  Come up with a sound business plan and determine if the movie theater for sale has growth potential.  Often a movie theater is not doing well because it is not being operated correctly to maximize growth potential and profit earnings.

आडवाणी@2009 by संजय पुगलिया, संपादक, CNBC आवाज़

उम्र एक मनोवैज्ञानिक अवस्था है इस विषय में मेरी दिलचस्पी इसलिए भी ज्यादा है कि मैं जिस उम्र का हूं उसे 40 प्लस कहा जाता है दिखता कम का हूं। ऐसे में 81 वर्ष के एक वरिष्ठ राजनीतिज्ञ के साथ घूमने निकलते हैं तो, बार-बार वो ये एहसास कराते रहते हैं कि उस वरिष्ठ राजनीतिज्ञ में आपसे ज्यादा एनर्जी है, उनमें ज्यादा ताजगी है, वो हर बात को ध्यान से सुनते हैं और उतनी ही गहराई से जवाब देते हैं।

ये 81 साल के लालकृष्ण आडवाणी हैं। ये हर दिन 3-5 बैठक करते हैं। छोटे हवाई जहाज और बड़े bell 407 से चुनावी यात्रा करते हैं। लेकिन, मुझे हर जगह वो समय पर पहुंचते दिखे। दिल्ली एयरपोर्ट से पूर्णिया, बिहार के लिए उड़ते समय आडवाणीजी अचानक खुद ही पूछ बैठते हैं- अच्छा ये दिल्ली एयरपोर्ट का नया टर्मिनल शुरू हो गया है। कैसा दिखता है- इससे कितनी सुविधाएं बढ़ेंगी। आडवाणीजी के साथ चलते हुए कई बार मुझे लगा कि मैं थक रहा हूं लेकिन, उनके चेहरे से हमेशा ताजगी दिख रही थी। मुझे लगा फिजिकल-मेंटल फिटनेस से कोई भी उम्र को मात दे सकता है।

81 साल के आडवाणीजी आईफोन ऑपरेट करते हैं। कंप्यूटर-इंटरनेट के जरिए हर ताजा जानकारी से उसी तरह अपडेट रहते हैं जैसे कोई 20-21 साल का नौजवान। और, इस सबमें उनके परिवार के साथ उनके निजी सचिव दीपक चोपड़ा अहम भूमिका निभाते हैं। मुझे तो दिन भर की यात्रा के बाद लगा कि दीपक चोपड़ा के बिना आडवाणी के बारे में सोचा भी नहीं जा सकता। दीपक चोपड़ा हमेशा इनके साथ ही होते हैं। जो, अगले दिन की यात्रा से लेकर एयर ट्रैफिक कंट्रोल परमीशन और दूसरे राज्यों के बीजेपी नेता, वहां के समीकरणों पर ध्यान देते हैं। और, फिर सबकुछ धैर्य से आडवाणी जी को बताते हैं।

जबरदस्त चुनावी व्यस्तता के बीच मीडिया से जरूरी संवाद के लिए आडवाणीजी का नुस्खा है। हर यात्रा पर वो, किसी एक इलेक्ट्रॉनिक और प्रिंट मीडिया के पत्रकार को साथ लेकर चल पड़ते हैं 9 सीटर प्लेन में। और, अच्छी याददाश्त वाले आडवाणी एयर होस्टेस-पायलट से लेकर मीडिया की टीम और दूसरे लोगों को उनके नाम से ही बुलाते हैं। खुद के लिए खाने से पहले जहाज में साथ चल रहे हर किसी के खाने का ख्याल खुद आडवाणी रखते हैं। आडवाणीजी की चले तो, पत्नी कमलाजी या फिर बेटी प्रतिभा आडवाणी किसी एक को साथ लेकर जरूर चलें। लेकिन, अहमदाबाद में प्रचार में व्यस्त होने की वजह से कमलाजी उनके साथ नहीं हैं। आडवाणीजी को कमलाजी के हाथ का बना पैक खाना अकसर ही मिल जाता है। नहीं मिला तो, वो रास्ते में कुछ भी सादा खाना खा लेते हैं। और, कुछ नहीं मिला तो, उनकी पहली पसंद फ्लेवर्ड मिल्क।

लेकिन, इतनी भारी भरकम चुनावी व्यस्तता के बीच भी आडवाणीजी 1000 Years : 1000 People जैसी किताब पूरी गहराई से पढ़ने के लिए समय निकाल लेते हैं। दिल्ली से पूर्णिया और वहां से बंगलुरू के रास्ते उन्होंने मुझे इस किताब के बारे में बताया कि इस किताब में पहला नाम है जोहनेस गुटेनबर्ग जिसने पहली प्रिंटिंग मशीन बनाई। लेकिन, किताब में ये भी लिखा है कि अगर कंप्यूटर के आविष्कार पर किसी एक आदमी का नाम लिखना होता तो, वो गुटेनबर्ग से ऊपर होता। आडवाणी कंप्यूटर, इंटरनेट को भविष्य को बेहतर बनाने का सबसे बढ़िया जरिया मानते हैं।

राजनीति

"पॉलीटिक्स" दो शब्द- पॉली और टिक्स से बना है। ‘पॉली’ का अर्थ बहुत और ‘टिक्स’ का मतलब खून चूसनेवाला परजीवी (पैरासाइट)।

- लैरी हार्डिमैन

सब कुछ बदल गया है। लोग हास्य-अभिनेता को गंभीरता से लेते हैं और राजनेता को मजाक में।

- विल रोजर्स

राजनीति में हिस्सा नहीं लेने का यह खामियाजा भुगतना पड़ता है कि आपको घटिया लोगों के हाथों शासित होना पड़ता है।

- प्लेटो

बल का सीधा प्रयोग किसी समस्या का इतना कमजोर समाधान होता है कि इसे छोटे बच्चे और बड़े देश ही अपने प्रयोग में लाते हैं।

- डेविड फ्रायडमेन। 

the five laws of gold

“the five laws of gold”

1 Money comes to those who save.

2 Money multiplies for those who invest it.

3 Money stays with the person who entrusts it to wise people.

4 Money is lost when invested in things with which you are not familiar.

5 Money is lost at a fast rate by pursuing get-rich-quick schemes.

10 percent to yourself, 20 percent

to your debtors on a pro rata basis, and the rest to live on.

means. In time, anyone who can live on 80

or 90 percent of their income can become rich.