Globe Pendant Lights

Globe pendant lights will add that rare signature style to your spaces. Today, there is a wide variety of these stunning glass ball chandeliers for you to choose from. The most popular options include mini pendant lights, globe/orb pendant lights, glass pendant lights, drum pendants, industrial pendants, modern pendants, Tiffany-style glass ball chandeliers, urn pendants, and lantern pendant lights, among others.

Why Choose Globe Pendant Lighting

If you are looking to add trend-setting style and class to your home, there is no better way to do it than by using globe pendant lighting. You can even set the tone in specific areas such as the kitchen, the foyer and even the patio and other outdoor areas. As long as you mix and match the ball chandeliers into a cohesive lighting scheme, your home should start looking and feeling incredibly stylish.

The wide selection of these lighting options also means that you should be able to find globe chandeliers that will inform, inspire and transform your personal design aesthetics. With the right inspiration and products, you will get to dress up your home with stunning pendant lights and chandeliers. The options range from the most ornate to simpler styles, making it incredibly easy to find globe pendants that will complement your existing home décor.

Custom Made Globe Pendant Lights

Most pendant lights hang from a single section of cord, chain or tubing. However, the lengths shown in the photos should not delude you. As with the other types of lighting available, you can request that your pendants get custom made to fit into the space available in your home.

You can even choose the shade, the finish and the length of the chandelier, among other options. The shade you select will help to integrate the pendant lighting with its surroundings – irrespective of whether you wish to install the pendants in your bathrooms, walk-in closets, powder rooms, pantries, kitchen, or formal entries. In fact, the right custom-made pendants can make a world of difference between showcasing your spaces and ruining your existing décor theme.

Colourful Pendant Lighting

You can now inject vibrant character and style into your home with a well-appointed glass ball chandelier or a cluster of globe pendants. The options are as varied as the tastes in the market. However, you might want to consider bright task lighting, and sultry mood lighting, among others. The wide variety of materials, colours and styles available also means that you should be able to find the perfect pendants easily and effortlessly.

Selecting Ball Chandeliers

Start by considering your overall interior décor and proceed from there. Try to choose complementary or similar colours, or go bold and big with pendant lights that provide an interesting contrast to your rooms. Whereas large single pendants create an indelible statement, smaller options can also be just as bold especially if you group them together. As you do this, remember to maintain a rhythmic balance by placing your hanging lights in sets of three. As long as your globe pendant lights (and their arrangement) do not create visual barriers in your rooms, they will look stunning and enviable.

Overall, glass ball chandeliers are a great way to brighten up your inner spaces. With so many of them to choose from, you can be sure that it will be easy to find the perfect globe pendant light options for your home.

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How to Sell Your Business: The Entrepreneur’s Handbook

Very few business owners get their companies valued. Therefore, when the time comes for them to sell it, it is already too late to make any changes that would have increased the firm’s value.

Most enterprising people value their companies based on past projects and accomplishment. Of course, this is a normal valuation strategy, and it works well. However, if you are looking to make more money from your business when you sell it, there are a number of things you need to do. Read on to find out more:

1. Future Potential

The first thing you need to do is sell the future potential of your firm. Most buyers judge a business based on how much it can fetch them, and how they can turn it round and benefit from its contacts and business model, among others. In fact, very few of them pay much attention to your past performance. After all, they are buying the company with the intention of using it to make money.

Knowing how potential buyers think will enable you set your tone accordingly. You will, therefore, be able to sell them on how much potential your firm really has. At the end of the day, showing buyers the present and future potential of your business will, more than anything else, convince them to buy it.

2. Think Strategically

As you learn how to sell your business, focus more on the strategic and less on the mundane everyday tasks. Think about how it would perform in a different market or location. If you have been successful in certain markets, potential buyers will want to find out whether the business can be scaled in another market. On the same line, learn how to convince potential buyers about how great the cross selling opportunities for your business really are.

3. Answer Questions

No one buys anything without asking questions, less so a company. The potential buyer is ready to put in a lot of money to get your business. Therefore, they are likely to ask many questions touching on various aspects of the firm. If you cannot answer these questions convincingly, it is unlikely that you will be able to make them part with a tidy sum in exchange for the business.

For instance, the potential buyer might want to know about the growth potential of the firm. Simply by making a case for your potential business growth, you might convince the buyer to spend even more money to get control and ownership over the company.

This is actually why companies like Whatsapp and Uber have great valuations. Uber is currently valued at over $50B even though it only makes revenues of between $400M and $500M.

Simply by demonstrating that your business does not have any growth limits, you will be able to prove to the potential buyer that your firm is really valuable. As a result, they will pay more for it.

4. Understand Cash Flow

Most potential buyers will want to know and understand the cash flow through your company. They will ask questions and request for evidence about how cash comes in, how it is spent, and what is left over at the end of the day. Additionally, they will need information about the business expenses required to run the firm (such as paying wages and bills, restocking supplies, and taking care of everyday tasks).

As the seller, you should also remember that the buyer will need to invest twice to get the business up and running. First, they will pay you to take control of the company. Secondly, they will need to spend money as working capital to finance the company. a lot of money is required to run the day-to-day operations of a firm.

Therefore, you need to understand the cash flow required to run your business. Find out everything you can about even the minutes of details, and where each coin goes. To increase the value of your company (both realistically and in the eyes of potential investors), cut down on how much money is required to run your company.

Businesses that require a lot of money are typically unattractive to potential buyers. Remember, the buyer will be thinking that the less they have to spend running the firm, the more the amount that will be left in their pockets. Consequently, you must convince them that your business does not require a lot of money to run and/or generates more than enough money for daily business expenses to be of consequence in the grand scheme of things.

5. Deal with Business Debts

Most businesses have debtors and creditors. If you plan to sell your business, therefore, start collecting all the receivables that are in your books. Similarly, try to extend your payables. You want to delay your payments until the business starts generating more money than is going outside. This way, your books will look better from the perspective of a potential buyer.

Remember, too, that there is difference between the actual money that is in the bank and our P/L report. Think about how you can improve both the working capital and the cash flow. Then, take the steps required to have more capital and cash flow.

If you typically send out invoices, find ways to collect your dues faster. For instance, if your current terms run for 45 days, reduce them to 30 or 15 days and you will have greater cash flow and fewer bad debts. Similarly, start charging bigger deposits.

In the same way, slow down the pact at which you pay your bills. Ask your suppliers to give you extensions so that you pay them later. With regards to credit cards, find out whether you can use the 10 to 15 days of business float that your cards provide.

In the long run, the faster you get paid by your debtors and the slower you pay your creditors, the better your overall cash flow positioning will look – at least in the books. This will raise your business value and enable you get more money when you sell the firm.

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Top 5 Lessons from Successful Landlords

Introduction

Why is there such a major difference between landlords? What makes a great landlord great? And how can other landlords emulate this greatness and maintain it for generations?

The following top 5 lessons have been gathered from interviews with leading landlords. They contain insight about the property market and on how to provide quality products and services:

1. Maintain High Standards

Well-to-do landlords always maintain the highest standards for their properties, businesses and teams. They employ the best staff their money can afford. This is mostly because they understand that business success is tied to quality services, valuable products and exceptional customer service.

They treat everyone (including tenants, contractors and permanent staff) with dignity and respect, often putting themselves in the other party’s shoes. In the process, they are able to provide better, safer, more affordable living quarters.

Similarly, good landlords treat their buildings the same way they would treat their own homes. They focus on building communities and providing attractive lifestyles for their tenants. To achieve this, they employ the right team and communicate their vision to them. They then invest in building the team through training and positive affirmation to maintain the high quality of products and services provided. Their employees then compensate this care and attention by working harder and finding ingenious ways to make the business even more successful.

In terms of customer service, they always respond to queries immediately and meet their tenant’s requirements in the best way possible. This keeps tenants satisfied. They also go out of their way to provide high quality accommodations that potential and current tenants adore and choose over other options in the market.

2. Focus on Building Relationships

Great landlords succeed because they focus on their relationships with tenants and with their employees. They communicate respectfully, responsively and regularly to ensure that there is no break in the relationships.

They also measure their success according to the reputation they have built. Often, such measurements involve taking systematic tenant surveys and using the data collected to improve customer service and provide better accommodation products.

These landlords also treat everyone with respect because they understand that business success arises from having a happy team and even happier tenants. Communication also enables them spot problems and fix them before they get out of hand. The landlords also understand they are in a business that requires great dedication. Therefore, they invest in building strong relationships with their tenants and employees to create a larger, mutually-beneficial community.

They are never too busy for their employees and tenants. Instead, they find time to communicate creatively such as through residents’ appreciation events, quarterly newsletters and social media updates and blasts.

Over and above everything, they improve their services through communication, professional cooperation and coordination. They return calls, respond to tenant requests and solve arising issues at the earliest opportunities.

3. Reinvest

To maintain the high standards and quality, good landlords constantly reinvest back in the business and in the property. They maintain the building to add value to it without necessarily making the tenants pay for such maintenance.

They look for the latest trends in the market and renovate their properties according, such as by installing more efficient energy management systems. As a result, their tenants and clients are always happy with the accommodation provided.

In any business, including the property letting one, it is essential that money is spent before a profit can be made. Therefore, landlords take the initiative to understand the life cycle of the property. They then reinvest in it to ensure it is up to date and that it meets existing market standards. As a result, they are able to reap greater returns on this reinvestment.

Additionally, proper property maintenance helps the assets to appreciate both over the long term and the short term. It also keeps the property in great shape while eliminating all potential and actual problems and issues.

4. Build Support

Successful landlords receive support from other landlords, including their competitors. Similarly, they join associations and build professional networks around them. To continue learning, they then establish strong relationships with key professionals within their local realty industry. Since they rely on their teams for everyday management and maintenance, such landlords also invest in their teams to build their experience and property management skills.

5. Screen Tenants

Last but not least, instead of taking on the first tenant to show interest in the property, the best landlords often screen them. They are okay with their property being vacant than because they understand the time and monetary costs of dealing with bad tenants and high rates of tenant turnover. Instead, they focus on tenant retention.

Extra Tips

Apart from the above, successful landlords also:

a) Stay prepared with extra cash flow

b) Document and track all communications, both internal (with staff and teams) and external (with clients and tenants)

c) Follow industry standards and rules

d) Pay attention to the appearance of your property

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