gifts

Mothers. Some of the most respected and loved people in our lives. Mom is the one who has always been there to kiss our hurt away. Our biggest supporter, giver of unconditional love, and unfailing best friend. How can we possibly repay our mothers for all they have done. We can't. What we can do, though, is to show a small portion of our gratitude by finding the perfect gifts for mothers on holidays and special occasions for example on Anniversary  occasions we giving Anniversary gifts  . But how can we find the perfect gifts to show Mom how much we care? There are many great gifts for mothers that will show your love and make Mom smile.

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Personalised Gifts

Lovers since time immemorial have used messages in bottles simply to convey their feelings to their loved ones. A message in a bottle is a unique way to present a love letter and Personalised Gifts. Alternatively, If you are looking for a personalised gift or a keepsake, why not touch your lover's heart with an exclusive Message on a Necklace? With a Message on a Necklace your love letter is inserted into a glass vial pendant. This allows your loved one to wear your message on a beautiful necklace of your choice? Make your candle light dinner a extra special occasion with this innovative message gift.

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Unique Gifts

Lovers since time immemorial have used messages in bottles simply to convey their feelings to their loved ones. A message in a bottle is a unique way to present a love letter and Unique Gifts. Alternatively, If you are looking for a personalised gift or a keepsake, why not touch your lover's heart with an exclusive Message on a Necklace? With a Message on a Necklace your love letter is inserted into a glass vial pendant. This allows your loved one to wear your message on a beautiful necklace of your choice? Make your candle light dinner a extra special occasion with this innovative message gift.

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Open office Reviews

What you know about Openoffice suite? it a good software related with mange our necessary documents and we use office for different purpose and it is world wild software and thousands of different kind of and different quality wise office software also running and we use office for our square documents and today really i find good site for  Open office - Download for Windows and there is mega bundles of office software's for different types and this site uploaded latest Versions for customers and office is wonderful application for creating documents and html special characteristics and office use in largest textiles and factories and openoffice  helping us making screenshorts , add links , save documents, generating programs , writing articles , saving contacts , as reminder , designing pictures, diagrams and other more and we used openoffice for addicting data and posting data so its a great software for businessmans , students , accounted and all people and i suggested you link for download free Open office download see this link its really helpful for you because they fulfill your every need related with openofficeand read openoffice the simple ways and there is bundles of tutorials, sample files, templates and other openoffice training resources. 
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Build-Up Method

Build-Up Method

The Build-Up Method is a widely-recognized method of determining the after-tax net cash flow discount rate, which in turn yields the capitalization rate. The figures used in the Build-Up Method are derived from various sources. This method is called a “build-up” method because it is the sum of risks associated with various classes of assets. It is based on the principle that investors would require a greater return on classes of assets that are more risky. The first element of a Build-Up capitalization rate is the risk-free rate, which is the rate of return for long-term government bonds. Investors who buy large-cap equity stocks, which are inherently more risky than long-term government bonds, require a greater return, so the next element of the Build-Up method is the equity risk premium. In determining a company’s value, the long-horizon equity risk premium is used because the Company’s life is assumed to be infinite. The sum of the risk-free rate and the equity risk premium yields the long-term average market rate of return on large public company stocks.
Similarly, investors who invest in small cap stocks, which are riskier than blue-chip stocks, require a greater return, called the “size premium.” Size premium data is generally available from two sources: Morningstar's (formerly Ibbotson & Associates') Stocks, Bonds, Bills & Inflation and Duff & Phelps' Risk Premium Report.
By adding the first three elements of a Build-Up discount rate, we can determine the rate of return that investors would require on their investments in small public company stocks. These three elements of the Build-Up discount rate are known collectively as the “systematic risks.”
In addition to systematic risks, the discount rate must include “unsystematic risks,” which fall into two categories. One of those categories is the “industry risk premium.” Morningstar’s yearbooks contain empirical data to quantify the risks associated with various industries, grouped by SIC industry code.
The other category of unsystematic risk is referred to as “specific company risk.” Historically, no published data has been available to quantify specific company risks. However as of late 2006, new ground-breaking research has been able to quantify, or isolate, this risk for publicly-traded stocks through the use of Total Beta calculations. P. Butler and K. Pinkerton have outlined a procedure, known as the Butler Pinkerton Model (BPM), using a modified Capital Asset Pricing Model (CAPM) to calculate the company specific risk premium. The model uses an equality between the standard CAPM which relies on the total beta on one side of the equation; and the firm's beta, size premium and company specific risk premium on the other. The equality is then solved for the company specific risk premium as the only unknown. The BPM is a relatively new concept and is gaining acceptance in the business valuation community. (BPM is a trademarked name for a model sold by a private for profit company. The model is a simplistic mathematical formula, easily replicated without the purchase of the model from the vendor. Therefore, attributing the model to BPM along with claims that BPM is "new ground breaking research" and "gaining acceptance" appears to be advertising hyperbole.)
It is important to understand why this capitalization rate for small, privately-held companies is significantly higher than the return that an investor might expect to receive from other common types of investments, such as money market accounts, mutual funds, or even real estate. Those investments involve substantially lower levels of risk than an investment in a closely-held company. Depository accounts are insured by the federal government (up to certain limits); mutual funds are composed of publicly-traded stocks, for which risk can be substantially minimized through portfolio diversification.
Closely-held companies, on the other hand, frequently fail for a variety of reasons too numerous to name. Examples of the risk can be witnessed in the storefronts on every Main Street in America. There are no federal guarantees. The risk of investing in a private company cannot be reduced through diversification, and most businesses do not own the type of hard assets that can ensure capital appreciation over time. This is why investors demand a much higher return on their investment in closely-held businesses; such investments are inherently much more risky. (This paragraph is biased, presuming that by the mere fact that a company is closely held, it is prone towards failure.)

 

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Article About Business Analysis and Valuation

Business valuation is a process and a set of procedures used to estimate the economic value of an owner’s interest in a business. valuation is used by financial market participants to determine the price they are willing to pay or receive to consummate a sale of a business. In addition to estimating the selling price of a business, the same valuation tools are often used by business appraisers to resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among business assets, establish a formula for estimating the value of partners' ownership interest for buy-sell agreements, and many other business and legal purposes.

Standard and premise of value

Before the value of a business can be measured, the valuation assignment must specify the reason for and circumstances surrounding the business valuation. These are formally known as the business value standard and premise of value.(1) The standard of value is the hypothetical conditions under which the business will be valued. The premise of value relates to the assumptions, such as assuming that the business will continue forever in its current form (going concern), or that the value of the business lies in the proceeds from the sale of all of its assets minus the related debt (sum of the parts or assemblage of business assets).
Business valuation results can vary considerably depending upon the choice of both the standard and premise of value. In an actual business sale, it would be expected that the buyer and seller, each with an incentive to achieve an optimal outcome, would determine the fair market value of a business asset that would compete in the market for such an acquisition. If the synergies are specific to the company being valued, they may not be considered. Fair value also does not incorporate discounts for lack of control or marketability.
Note, however, that it is possible to achieve the fair market value for a business asset that is being liquidated in its secondary market. This underscores the difference between the standard and premise of value.
These assumptions might not, and probably do not, reflect the actual conditions of the market in which the subject business might be sold. However, these conditions are assumed because they yield a uniform standard of value, after applying generally-accepted valuation techniques, which allows meaningful comparison between businesses which are similarly situated.


Financial analysis

  The financial statement analysis generally involves common size analysis, ratio analysis (liquidity, turnover, profitability, etc.), trend analysis and industry comparative analysis. This permits the valuation analyst to compare the subject company to other businesses in the same or similar industry, and to discover trends affecting the company and/or the industry over time. By comparing a company’s Financial Statements  in different time periods, the valuation expert can view growth or decline in revenues or expenses, changes in capital structure, or other financial trends. How the subject company compares to the industry will help with the risk assessment and ultimately help determine the discount rate and the selection of market multiples.

Normalization of financial Statements

The most common normalization adjustments fall into the following four categories:

Comparability Adjustments. The valuer may adjust the subject company’s  to facilitate a comparison between the subject company and other businesses in the same industry or geographic location. These adjustments are intended to eliminate differences between the way that published industry data is presented and the way that the subject company’s data is presented in its Financial Statements

• Non-operating Adjustments. It is reasonable to assume that if a business were sold in a hypothetical sales transaction (which is the underlying premise of the fair market value standard), the seller would retain any assets which were not related to the production of earnings or price those non-operating assets separately. For this reason, non-operating assets (such as excess cash) are usually eliminated from the balance sheet.

• Non-recurring Adjustments. The subject company’s financial statements may be affected by events that are not expected to recur, such as the purchase or sale of assets, a lawsuit, or an unusually large revenue or expense. These non-recurring items are adjusted so that the  Financial Statement  will better reflect the management’s expectations of future performance.

• Discretionary Adjustments. The owners of private companies may be paid at variance from the market level of compensation that similar executives in the industry might command. In order to determine fair market value, the owner’s compensation, benefits, perquisites and distributions must be adjusted to industry standards. Similarly, the rent paid by the subject business for the use of property owned by the company’s owners individually may be scrutinized.

Income, asset and market approaches

Three different approaches are commonly used in business valuation: the income approach, the asset-based approach, and the market approach^[2]. Within each of these approaches, there are various techniques for determining the value of a business using the definition of value appropriate for the appraisal assignment. Generally, the income approaches determine value by calculating the net present value of the benefit stream generated by the business (discounted cash flow); the asset-based approaches determine value by adding the sum of the parts of the business (net asset value); and the market approaches determine value by comparing the subject company to other companies in the same industry, of the same size, and/or within the same region.
A number of business valuation models can be constructed that utilize various methods under the three business valuation approaches. Venture Capitalists and Private Equity professionals have long used the First chicago method which essentially combines the income approach with the market approach.
In determining which of these approaches to use, the valuation professional must exercise discretion. Each technique has advantages and drawbacks, which must be considered when applying those techniques to a particular subject company. Most treatises and court decisions encourage the valuator to consider more than one technique, which must be reconciled with each other to arrive at a value conclusion. A measure of common sense and a good grasp of mathematics is helpful.

Income approaches

The income approaches determine fair market value by multiplying the benefit stream generated by the subject or target company times a discount or capitalization rate. The discount or capitalization rate converts the stream of benefits into present value. There are several different income approaches, including capitalization of earnings or cash flows, discounted future cash flows (“DCF”), and the excess earnings method (which is a hybrid of asset and income apprope of benefit stream to which it is applied. The result of a value calculation under the income approach is generally the fair market value of a controlling, marketable interest in the subject company, since the entire benefit stream of the subject company is most often valued, and the capitalization and discount rates are derived from statistics concerning public companies.

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Article Develop These Qualities And Become A Successful Businessman

No person can achieve success with wrong attitude and wrong characteristics. A person who wants to be a successful marketer should develop some right qualities and reach up to the success. Not everyone can become a good marketer. But what is a marketer? A marketer is someone who starts a certain business. Thus if you want to become a good businessmen then you must have certain qualities.


These qualities are really important and they are a ladder to your success. If you follow them then your chances to fail will become very negligible.

The characteristics that one needs to be possessed are as follows:

1. It is a very important quality for a businessman as he has to deal with various kinds of people. He should know to take risks without harming himself or anyone else. There will be lots of hardships you will come across while starting up your business but it is necessary to take risk and solve them as soon as possible.

2. As a businessman has to deal with lot of people, he needs to be smart enough so that no one cheats him. You need to be focused, alert, keen and smart when you are dealing with any of your customers or clients. High level of intelligence is also what you require.

3. You are the one who is starting the business. You are the leader. Everyone else to whom you appoint will follow your orders. Thus they will rely upon you and trust you. For this you need to be having leadership qualities like Hitler. This task is full of trust and responsibility. No one is born as a leader. You need to learn this characteristic.

4. You cannot do anything without your inner conscience. You need to get the voice from within that yes I want to become a successful businessman. There should be madness in you and zeal to excel your business. This enthusiasm of yours will make you prone to success very early. Thus you need high level of determination.

5. Cheating always leads to failures. Attracting your customers to buy your services and goods is a business tactic but attracting them in a wrong way is a dishonest act. Your business will exist only when you have your relied customers. So to have true customers you need to be true to them. You should always be conscious about your creditability.

Thus these are some of the qualities that will help you to open the lock of your treasured success. These qualities also make you responsible.

Once you develop this factors only thing you need to do is the right research about your business and then set your foot in establishing it. Optimistic, flexibility and determinant approach will help you to achieve your desired goals. Patience is also one important thing that will lead you where you want.

By: Usman Shaikh

Regards..

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