Quick Advice Articles For Sellers – Valuing Your Business For Sale
Should I get my business valued? Even if you feel that you are confident you have a reasonably good indication of the value of your business, by getting a second or even third opinion will help to either confirm or reassess your own thinking and valuation of your business.Having an accurate, rather than an estimated valuation will put you in a strong position during the negotiation process and will give you a solid grounding on when to make the right market decisions during key points of the selling process. Knowing the true value of your business can only improve your ability to sell it and give you the confidence to follow your convictions in any negotiations over sale price.Can’t I value my business myself? Nothing says that you cannot decide to go with your own valuation when placing your business up for sale however you must consider whether your valuation is based on objective facts or more on a hunch.There’s a whole array of points to consider before getting a true market value. Turnover, gross and net profit and cash flow will all influence the selling price, not to mention the ‘goodwill’ value of your business which in many cases is the most important factor of all. Is your business in a prime location? How is the economic landscape and what competitors do you have?Unless you have a great deal of experience in this field, self-valuations can invariably be way off the mark! It pays to get a professional in to look over your accounts, understand your business and then give you an objective point of view. It could save you a lot of time, money and disappointment.Who should I contact to get a business valuation? Good question. Business transfer agents (brokers), accountants and chartered surveyors can all help you with a business valuation. If you are looking to sell your business then it would pay to speak to a broker, seeing that selling businesses is their specialist field.Valuations provided by brokers in many cases do not cost you a penny! However there is always a catch – most brokers will expect you to sell your business through them in return for a valuation so check the small print beforehand if you intend to go it alone.It may also be wise to get a second opinion to see if the valuation stacks up. It’s also good for your own peace of mind. If you have an accountant already in place, let them know of your intentions and ask them to give you their opinion and valuation of your business. They will have seen the detailed figures so they will know exactly how much money you make!How is a valuation calculated? A broker will usually rely on their knowledge of the local market and their experience of previous comparable business sales to give you an accurate estimate of what your business is worth. They will analyse your businesses financial and geographical position as well as demand for your type of business on the marketplace.In some cases, they will already have a number of potential buyers who have registered an interest in buying a business such as yours.
Driving Conveniently With the Help of Smart Automotive Electronics
We live in the digital age where technology makes our lives easier each day. Advance medical equipments are created to help doctors treat patients, kitchen tools are innovated to make it easier for home makers, and cars are made smarter to make driving easier for humans.Automotive electronics paved the way for helpful features like anti-lock braking systems (ABS) and automatic weather adjustments which makes driving safer and more comfortable.Car manufacturers spend about two thousand dollars in automotive electronics for every car that comes out of the assembly line. These automotive electronics transform the car into a vehicle with better performing engine, more adaptive entertainment systems, and safety features that are far more superior than its predecessors.Automotive Electronics of the Modern Caro Control Area Network or CAN – There are several computers that run a modern car. The CAN is a network of computers that play vital roles in the different functions of the engine and its peripherals. The CAN serves as the bridge for the different computers so they can communicate with one another so everything are well coordinated. CAN controls the functions like cruise control, engine management, and the ABS.o Fuel Efficiency- automotive electronics can save a car owner hundreds of dollars in fuel consumption. This is done through the EFI or Electronic Fuel Injection technology which ensures that the engine’s fuel consumption is at its optimal. In hybrid cars, a driver can easily switch from using gas and electronic power supply to run the vehicle.o Safety Devices- Most safety system is controlled by automotive electronics. Devices like the Acceleration Slip Regulation, Traction Control, Electronic Stability and Dynamic Steering wheel ensure the safety of the driver and the passengers. The simple but complicated timing of airbags during a road collision is also controlled by advanced automotive systems.o Added Features- Some cars today can even park themselves without any assistance from the driver. All the calculations are done by a computer making sure the car will not hit anything by making references to other cars and different objects in its surrounding.One cannot imagine the evolution that took place with automotive electronics. The Apollo 11 which landed on the moon ran on a memory which is 150 kilobytes only. The sound systems of our cars today are running on 500 kilobytes of memory to ensuring our entertainment pleasure. Automotive electronics have gone far beyond entertainment and enhanced modern day vehicles in terms of safety, efficiency, and convenience.The automotive industry projects billions of investments and sales in developing cars that are smarter, more fuel efficient and more environment-friendly in the future. Modern cars can be the answer to alleviate the adverse condition of the environment and the rising price of fuel all over the globe.Cars are being developed to scan the traffic, the road, and all hazards so it can drive itself while the driver can do anything that he wants while in motion. The future cars can think for themselves with the aid of advanced automotive electronics. In that way, driving will be more than getting from one place to another.
Crypto Currency Vs Fiat Currency
Crypto currency vs. Fiat currency
Are you aware of the fiat currencies and the crypto currencies? They both are currencies in one form or the other and are open for public use across the world. But they are both different and distinct in their own ways. There is always one group that favors the use of cryptos, while the other has a soft corner for the fiat currencies.
In cashless society- crypto money play a huge role
If you have a look at the market of the 1970s and 1980s, you will find that the cash played the dominant role. But, with the change in the technology, electronic transactions have become the usual norm. Today, more and more people are influenced in becoming the cashless society. With the progress towards the cashless society, cryptocurrencies have a big role to play.
Crypto currency and fiat currency are always at loggerheads
Cryptocurrency and fiat currency are popular types of digital currency, especially when it is about an online transaction. They both are currencies currently in use in the market but have some differences in them. There is a hell lot of hypes that you will hear on a daily basis comparing the crypto money and the fiat money. This article will highlight the difference between the two in a more comprehensive and clear manner.
Differentiating in what the currencies stand for
Before going for the difference between the two, you must understand what do they stand for and how are they are defined.
The fiat currency is a legal tender that has the support of the central government, and it operates in the physical form. For instance, US dollars, British Pounds, Euro etc. On the other hand, the crypto currency is a non-legal tender, and doesn’t have any backup from the central government or bank.
Hence, the difference between crypto currency and fiat currency is noted as follows:
• Crypto-currencies are decentralized and global in nature. There are no one entity or government that controls the currency with their laws and regulations. The Fiat currency is centralized, under the control of the laws and regulations of the banks and government.
• Crypto-currencies have their existence only in the digital domain. On the other hand, you will find that the fiat currencies have a tangible and physical existence.
• There is a limited supply of crypto-currencies with a maximum set of them getting supplied in the market. Whereas, the fiat money has an unlimited supply as the government and bank are entitled to produce coins and paper money whenever the situation is required.
• The Bitcoin and other crypto type currencies are created by the computers, while the fiat currencies are issued by the local government and the banks.
• Cryptocurrencies are presented as the public and private code pieces. On the other hand, the fiat currencies are presented in the form of coins and paper money.
• The value of the crypto currencies is not recognized by the supply and demand of the market. Whereas, the fiat currency value is determined by the market regulations of supply and demand.
The different types of crypto and fiat currencies
In the last one decade, the popularity of crypto type currencies has emerged as a huge success. It was in 2009, when Bitcoin was first introduced, and years after several other types of crypto currencies have emerged. Starting from Litecoin. Dogecoin, Ripple to the Dcash and Zcash, there is a plethora of them. On the other hand, the fiat currency has a rich and ancient roots, with the Great British Pound, that dates back to 775 AD. It is considered as the oldest currency in the world that is still in use.
The differences in the anonymity between the two currencies
When you are using the fiat currencies, you need to undergo a user identification or verification process. You are asked to upload a recent picture of yourself and some of the required documents to be issued as per the public authorities. You don’t need to undergo any of the required processes with the crypto currencies. Though your personal information and confidential details don’t get public, but all your transactions are recorded and tracked in both the fiat and the crypto currencies.
Fiat currency vs crypto currency: transparency level
• The transparency level with the crypto type currencies are considered to be more. This is because the revenue streams are displayed in a public chain. Everyone can witness their own and others’ transactions.
• The fiat or govt. currencies are not transparent, as there are not public chains to see the revenue streams of the people.
A comparative historical roots
If you compare the crypto money with that of its counterpart, fiat or government currency, you will find that their existence and creation brings the difference. The Fiat or government currency, dates back its existence as early as 775 AD with the introduction of the Great British Pound. This is why fiat type currency is easily accepted by the people all over.
On the other hand, the crypto coin was perhaps first introduced only a decade ago, with the introduction of Bitcoin in 2009. The challenge that the Bitcoin and other crypto currencies face is catching up with the immense popularity and increasing fan base of the fiat currency. Crypto currency, is no doubt gaining importance and popularity in the economic market, but it has still not been accepted widely in the society as the fiat currency.
A comparative history of the two currencies:
• It was in the 11th century, when the Chinese Song dynasty was perhaps the first one to issue the paper money. It was not allowed to exchange with valuables like gold and silver or silk.
• There were Tally sticks that were introduced as a fiat or government currency. 1100 Tally sticks were introduced as a combat for the shortages in gold.
• 1971, was the year, when the fiat currency received a worldwide recognition. President Nixon introduced it in order to eliminate the dollar pegging system to gold.
• It was in 1998, when the idea of an anonymous electronic cash system emerged by Wei Dai. Bitgold-the very first crypto currency was created by Nick Szabo, but it didn’t receive as much attention as Bitcoin.
• In 2009, Bitcoin was introduced in the market, that became the first crypto currency that was accepted across the globe. In 2011 and after, a series of several other crypto currencies were introduced. Some of the popular ones include, Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.
The traits of both the currencies
The potential of the crypto type currencies and fiat currencies, accessing their traits is important. You will find that in some of the criteria, Bitcoin and other crypto currency is superior than the fiat or government currency, and in some cases, the latter surpasses. It is absolutely your call to choose the type of currency (crypto type currency or fiat type currency) based on your personal needs and requirements.
Let us compare their traits with respect to certain factors.
• Both the crypto coins and fiat type currencies are interchangeable in nature.
• As per the portability is concerned both the currencies secure more or less the same position.
• With respect to the non consumable criteria, crypto currency and fiat type currency have the equal status.
• Crypto type currencies have high durability as compared to the fiat-currencies that have moderate level of durability.
• Both the crypto or virtual currencies and the fiat or government currencies ensure secure and safeguarded transactions and exchange.
• Crypto or digital currencies are highly divisible in nature. On the other hand, the fiat type currencies are moderately divisible.
• In terms of the transaction process, the crypto currencies are easy and hassle free. Whereas, on the other hand, the traction process associated with the fiat currencies are easy, but not like the cryptos.
• The crypto based currencies are decentralized and global in nature, unlike the fiat currencies that are centralized and functions under the laws and regulations of the government.
• The crypto based currencies have high scarcity, where as, the fiat currencies are unlimited as the government can issue coins and paper money whenever there is a need.
• The crypto based currencies are based on mathematical algorithms, and are programmable. The fiat currencies are not at all programmable.
• The fiat currencies are sovereign in nature, while the crypto currencies are not.
The process of the functioning of the currencies
You can find the significant differences between the crypto or digital currencies and the fiat currencies with the way they both operate and the transaction process that take place. They are contrasting in nature. The transfer of money using the Bitcoin is very quick, and you absolutely don’t need any third party association.
On the other hand, if you are involved with the money exchange using Fiat type currency, a mobile wallet is in use. You can exchange an amount of e-money that gets transferred into the equal e-value amount. Both the fiat and the crypto currencies enable you to purchase everything that you desire. But the processes involved are absolutely distinct from each other.
Depending on the things you purchase, you will find that one currency form is better than the other. This is absolutely your choice.
Is Bitcoin, a crypto currency better than the fiat-currency?
The long term benefits and the capability of the Bitcoins is still not established. But it has been predicted by the crypto currency gurus and experts, that they will go a long way, especially revolutionizing the way the online transactions are done. In the current market, the Bitcoin is mainly included in the online casinos and the gambling, but it is not limited to it.
Furthermore, when you compare the fiat currencies, the Bitcoin allows you to seize the power and authority from the banks and the government since it is not controlled. The cryptography based currency has the capability to create or come up with the free market capitals. Fiat currencies are affected by the inflation and the changes in the market, unlike the crypto based currencies. Such aspects make individuals believe that cryptograph based currencies will soon take over the mainstream currencies and bring a transformation in the way the money is used.
Why is Bitcoins considered to be a better aspect than the fiat type currencies?
• Bitcoin gives you the opportunity to re-create a free market capitalism.
• The power of controlling the money is absolutely with the individuals, and not with the banks like the fiat type currencies.
• When there is an inflation, the Bitcoin is not affected. But the Fiat type currency will be easier to lose and get affected by it.
• The Bitcoin currency is easy easier to exchange and transfer as compared to the fiat or government currencies.
• The transaction fees involved with the Bitcoin are way cheaper and easily affordable.
Crypto currencies seem to be a favorable option among the people
The fiat type currencies are the centralized and legal way of exchanging money. But, the crypto currencies have acquired immense popularity in the past few years. There will never be anyone who would act as a middle man, like the case with the banks. Moreover, the cryptos are way cheaper and less expensive that the conventional fiat currencies.
Send money anywhere directly without waiting for the bank’s approval
You can send money to anyone in the world directly, and it is super fast. The money gets cleared within a few minutes time. You don’t have to wait for the traditional clearing and verification processes of the banking systems, which might take up to several days to get a clearance. Since it is decentralized and doesn’t come under the law and regulations of the government, nobody has any power to do anything with your account.
The blockchain technology has a very big role to play
Thanks to the crypto currencies, that gives us the power and the authority to become our very own bank, and take control over our finances. It is because of the blockchain technology that offers a higher level of sophistication while dealing with the finances. In fact, there are some mainstream financial industries that have started incorporating the idea of the technology.