While most people reading this will never have the luxury of starting out as a billionaire, only to end up as a millionaire, the million dollar mark may not be nearly as far away as you’ve been led to believe it is.
For more than a century, businesses have been changing hands. Even as little as 15 years ago, it was hard to imagine that anyone would pay anywhere near a million dollars for something intangible, like a website.
As a business and website broker, though, helping clients purchase websites from low the 5-figures to upwards of millions of dollars is exactly what we do.
After so many different deals, it’s easy to see what factors go into determining whether a website or worth a million dollars or not.
While it may not necessarily be easy to hit the 7-figure mark, it’s not necessarily impossible, either. There are a few factors that go into making a million dollar website what it’s worth.
1 – Owner’s Cash Flow
While it may seem obvious to most people, the amount of revenue that a business is generating directly correlates to how attractive the business is going to be to investors.
To hit a million dollar valuation, a business is going to need to have the cash flow and benefits to the owner that outweigh at least $300,000 to $400,000 per year.
With anything, though, there can be exceptions to the rule. One exception is when the widely-accepted valuation strategies aren’t used.
The vast majority of businesses, though, are going to need to hit that $300,000 to $400,000 per year mark before they can be valued at $1 million, or more.
2 – Successful Track Record
There are very few exceptions to this rule. In general, businesses that have become “overnight sensations” are few and far between — even though it seems like those are the only stories you tend to hear about.
While you do hear those stories most often, it’s simply because the media and news outlets aren’t reporting about the success of businesses that have taken years to become what is considered to be a “success”.
The thing about it is, though, the stories you don’t hear about, the businesses that have taken years to become a “success”, is that those businesses are generally more stable than the ones that come out of nowhere and make a massive impact on their market.
If you can show that your business’ success spans over the course of three to four years, you’re in a much better position when it comes time to sell than one that could be a fly-by-night success story.
3 – Trending Upwards
Whenever you’re digging into the traffic of a business or website, you’re going to want to verify at least three to four years, if possible.
Over the course of those three to four years, you’re going to notice commend trends — either up, or down. It’s what happens with businesses, they rise and they fall until they stabilize.
The key is to pay attention to the average results. Are they trending upwards over the course of the business’ life? Is the upwards trend being repeated time, and time again?
This is especially true for the months leading up to the sale. Is the business owner selling when the business is on the rise? Or are they selling with the business hitting a downward trend?
If it’s moving upwards leading up to the sale and the revenues have been climbing, the business could be poised for picking up a million dollar valuation.
4 – Being Transferrable
Every business can be bought or sold. That doesn’t necessarily mean it can easily be transferred to the next owner, though.
If you have built a business that’s required to have you in place in order to sustain itself, or you have built a business that is revolving around your own personal brand, it’s going to be substantially harder for someone else to take it over and see the same success.
Moving the business forward without restructuring it or rebranding it without you in place, while still sustaining the same revenue numbers can be nearly impossible to do.
When you’re trying to hit that 7-figure valuation, you’re going to need to be selling a business that is easy to transfer, and easy for your investor to take over when you’re no longer around.
In general, the less work that your investor has to do when they buy the business from you, the more they are going to be willing to pay to acquire your business.
This is especially true for personal blogs. Think about blogs like Dooce, Single Dad Laughing, The Oatmeal, and The Pioneer Woman. These blogs are huge, popular, and incredibly profitable, but they’re built around a single person.
If that person wasn’t in the picture anymore, a significant portion of their readership would disappear completely.
That means the business can’t easily be transferred to a new investor, while still sustaining the same revenue numbers.
Making sure that your business can be transferred means ensuring that there are parts of the business that are easily replaceable and that the services your business relies on can be replaced by another service without having revenues impacted as a result.
The fewer number of services that your business is tied to, the more desirable it is going to be for investors, and the easier it is going to be for them to pick up where you’ve left off.
5 – Growth Opportunities
While a million dollar valuation may seem like a high number, businesses that are being sold for 7-figures aren’t typically anywhere near their growth cap.
Investors know that, by purchasing these businesses, they can grow the revenues far beyond where they are at whenever they decide to submit an offer. The opportunities to grow can be easily identified and capitalized on.
When an investor is paying 7-figures, or more, for a business, they know that there is still more potential for growth than what the previous owner has been able to achieve.
If the site may have already hit a plateau and there isn’t much that can be done for it, in terms of new growth opportunities, investors may decide to pass on submitting an offer.
That means, for you as a website owner, if you’re trying to hit that 7-figure mark, make sure your business isn’t already tapped out and identify ways your investor can grow it after they acquire the business from you.
6 – High Barrier of Entry
When it comes to how you’ve built your business, if another competitor can come along and replicate exactly what you’ve done, investors aren’t necessarily going to be jumping over themselves to offer you $1 million, or more.
They want to know that the barrier to entry, especially for your competition, is significantly higher than deciding to start up a new business and follow the path that you’ve already laid out for them.
Sites that can be easily replicated are going to be valued far lower than those that have a higher barrier to entry.
Building a truly unique business is going to help you get closer to that 7-figure valuation mark.
7 – Low Workload Requirements
Very few investors that are willing to spend 7-figures on a business are going to want to buy something that creates an 8-hour (or more) workday for themselves.
They’re going to want a business that is already moving on its own, that has passed the “building” stage, and is going to become an asset for them — not a liability.
Big ticket investors are looking for a business that’s going to generate income without them being required to devote significant amounts of their own time to do it.
If your business requires a ton of effort to keep it going, chances are slim that you’re going to find an investor willing to offer you 7-figures for it.
8 – Multiple Traffic Sources
If there’s one thing that smart investors have learned over the last 10 years, it’s to not buy a website that is reliant on one specific traffic source or platform that delivers traffic to their website.
If your business relies on a single source of traffic, like Google for instance, not only are the chances of you getting a 7-figure offer to buy the business slim, but the chances of not even being able to find an investor at all are dramatically increased.
Depending on a single channel for traffic, or putting all your eggs in a single basket, is a recipe for disaster when it comes time to sell.
If your business is reliant solely on Google, you are dependent on them not updating their algorithms to work against the strategies you have used to achieve high search rankings. If they release an update that specifically targets strategies you’ve used, your essentially out of business.
Every single time Google has released a major algorithm update, there is a major upheaval in online businesses across the board, that typically results in negative outcomes for the most business involved.
This is even truer for businesses that have used shadier tactics to obtain their higher search rankings. Other businesses simply aren’t prepared to ride out the updates to figure out where they’ve landed.
While it goes without saying that no business should rely entirely on Google to build their business around, having a single source of traffic is one of the biggest reasons so many businesses fail to hit that 7-figure valuation mark.
If you have built your business by using multiple different channels, ranging from organic search, to social media, email marketing, paid to advertise, and referral traffic, you are going to be better positioned for hitting a 7-figure valuation.
Your investors want to know that they can sustain your business should something major happen with one of the traffic sources that you are relying on.
Making your business attractive to investors means building it to sustain changes and fluctuations in how the internet operates, including those platforms you rely on for generating traffic.
9 – Solid Financials
This lesson is impossible to stress enough.
Regardless how you’ve built the business or the industry you’ve built the business around, you need to make accounting your primary focus — especially if you intend to sell it for 7-figures one day.
Even if you’re not necessarily looking for a million dollar buyout down the line, keeping detailed accounting will make your job easier whenever you do decide to sell.
That means you need to do yourself a favour and get your accounting records in order now.
Any records that are non-existent or hard to navigate are going to be a huge turnoff for your investors. A buyer that can’t verify what you’re telling them, in terms of your revenue and financial history, isn’t going to separate with any of their hard-earned money.
Going into a sale with less-than-detailed accounting records is going to force you to scramble at crunch time which can delay the deal. If you take too long to get everything you need organized and presentable for your investor, you run the risk of your investor losing interest in the deal.
At worse, they can suspect that you’re trying to hide something which isn’t only going to destroy your chances of closing a deal together but is also going to destroy your chance of building a relationship with that investor going into the future.
Now, every single business has its own set of nuances that help contribute to its success — and the price tag being asked or offered for it.
If you strive to meet most of, if not all of these goals, you can put your business on the path of becoming valued at that coveted 7-figure mark somewhere down the line.
Industrial Fires — Causes and Prevention
Industrial fires cause businesses losses in millions. It can shut down a thriving business despite an insurance coverage. There is also a the very real and catastrophic danger to human life. This is why all industrial spaces are mandated by law to have a certain minimum fire protection. Yet, many companies — big and small — still violate this norm.
Unfortunately, this is not limited to small businesses that are cash-strapped or simply not interested in creating a fire safe infrastructure. Even larger industries and factories often ignore these rules. The reason can range from lack of their seriousness towards the issue or general apathy. Many do not even invest in basic safety practices like maintaining their equipment or buying equipment like fire safety helmets.
Common Causes of Industrial Fire
Before we think of the steps we must take, we have to first understand why fires break out. What are some of the most common causes of industrial fire?
Industries are often quite full of industrial dust and it is rarely acknowledged or understood. Woodworking, food, chemical and metalworking factories have these small particles that can be very dangerous. This is because the dust is often more dangerous than the larger pieces. The problem with combustible dust is not as a source of fire, but what it does afterwards.
Fires usually breakout when a combustible source comes into contact with some kind of ignition source. This can cause a small breakout. But what makes it truly dangerous is when it spreads. This is where combustible dust comes in. It catches the fire already present and helps to spread it rapidly. Within minutes we have a situation which can go out of control. If there is enough dust that has settled, the fire hazard multiplies.
Ignoring storage regulations
We often think that only plants and factories that deal with hazardous material like fuel are in danger of an all-out fire disaster. But the truth is that most material can be highly combustible. Even cloth bales in a clothes manufacturing company can easily catch fire. But it is not just the raw material. We may also have flammable material stored on the premises that are essential for manufacturing process. For instance, diesel for the engines or chemicals used in certain processes.
But more than the material itself, it is the storage practices that actually prove more damaging. Most of these materials are allowed and essential in the industrial space. But they must be stored under the right regulations. They must be stored away from any ignition source. Typically, flammable material is stored at a cool space. There should be adequate fire fighting equipment nearby, including fire alarms and fire safety helmets for putting out any initial fires.
There are some manufacturing processes that can increase the danger of fire. One of the essential requirements of a fire is ignition — heat or spark. This is where certain work processes like welding, soldering, heating, burning or brazing ends up providing the spark that starts a fire. When we are working with flammable material, such practices are best avoided. Yet, it is not always possible. Even in the lack of hazardous material, most industrial raw material are susceptible to fire.
This is why very strict policies must be followed when workers are engaged in such practices. Keep the area free of any flammable material. Make sure they are fully conversant with safety procedures. They should wear protective gear like fire safety helmets. There should be supervision and the provision for immediate assistance if a fore does break out.
A small spark in your wiring and it could be the end of everything! Common causes of electrical fires are overloaded circuits, exposed wires, static discharge or just plain wrong wiring. This is the small spark that can catch on rapidly and destroy everything within minutes. The only way to avoid this is by insisting on safe electrical outlets and practices. In addition, the workers at the premises must be taught about safety procedures so that no such incident occurs.
While we need to pay attention to some of these common causes, we also need to ensure that all fire fighting safety equipment like fire safety helmets are stocked and maintained properly on premises. When it comes to fire accidents, it pay to be cautious and ready for any accident.
Solve your all Astrology Problems with the help of Vashikaran Mantra
We all have problems in our lives and it keeps on pushing us back from excelling. This makes us feel bad and used in our lives. There are several problems that are faced by almost everybody and it’s completely different for all. You would like to understand the way to solve it so you’ll be able to lead your lives well. Problems are always present in everyone’s life. There is hardly a person you know, who isn’t into some or the other kind of problem. This means that life throws many types of situations to you, and you must dodge your way out of it. Some get given in it but most of the days you take off with flying colors. We all deal with problems in our own special manner. It should be wrong from time to time and backfire however typically it’s right. However, in intense things when nothing works in your favor and you are on the verge of giving away, there is a ray of hope. You should take it as an opportunity and work on it. Anyways things are not going as planned therefore you can try it out to see if some miracle works. This miracle is finished with the assistance of pseudoscience and Online Vashikaran Mantra techniques. Allow us to contemplate it in detail.
There are many ways to solve problems using astrology and vashikaran. Astrology is a study of planets and it helps you to know your current situation and what is close to come in your life. This way you can plan your future decisions accordingly. Many times, such guidance helps us to avert a major flaw in our process or makes us alert to deal according to the situation. The various ways in which to resolve problems are as below:
- Vashikaran – Vashikaran is an art to get someone in possession so that they work as per you. You can solve almost any problem related to wedding, love, further marital affairs and similar kind. it is a very difficult problem to deal with as people make perceptions due to which a smooth sailing relationship goes for a toss. You should know how to deal with every situation, however if things quit of hand, vashikaran is there to induce you out of the situation. The consultants at vashikaran have in depth data and have devoted years into it to gain the proper experience. You’ll be able to also get an appointment for your problem and get it solved with ease and conviction. He also provides service of Online Horoscope Predictions. So, that you will get solution in few days.
- Black Magic – this is a very renowned thanks to get your problems solved. It takes a mere three days only to handle the situation and you’d be completely out of it. It’s the ability to do the impossible. This method should be used as a last resort, so that you come to know concerning its power and the results.
- Astrology – Astrology is necessary for you to know concerning your future that is predicted by the consultants. This prediction isn’t utterly correct however can assist you to achieve insights to set up for your future.
All these ways are done across the globe. However, you should know who is real in such a case. Else you would get duped of your cash and time. You need to figure on a holistic and accurate solution to get your life back on track. But with so much going on, it’s difficult to know that possibility is right. this can be explained through the expert who has in depth data and might guide you well. Betting on your state of affairs, the answer would be applied. This may be done through sorcery, vashikaran or Love astrology online that fits best. It’s not necessary that you go into for vashikaran all the time once it is solved with the assistance of star divination. It’s perpetually familiar that such problems block the mind of the person going through it and takes some steps that affect the situation even a lot of. The consultants assist you to get on the right track and stop doing things that can worsen matters further. You should be in constant bit with the Love Marriage Problem Solution till your problem is solved and provide inputs at each stage. It’s the best way to gain momentum on the situation and get on track with resolution it to the core. Many times, we do not wish to perform such tasks on our loved ones, but there aren’t any different options available that would keep them safe. So, you should not feel guilty concerning it else the results are delayed. Your continuous trust and support can help in account in results always.
Take a Look Upon the Typical Uses of Gas Struts
Have you ever imagined how easily you open a door, or the car boot does not fall on to your head? Gas struts are one of the unsung heroes that make our everyday life quite easier. It actually controls the speed of the moving object and even controls the force of the moving body. Struts are the type of gas springs that are composed of the rod, housing tube, and a piston. It provides mechanical assistance especially while lifting and supporting any device or equipment.
Three Essential Components of Gas Struts
Usually, gas struts are comprised of three essential parts:
- Rod is the structure through which pressure is applied to the springs. The rod is generally attached to the piston that controls the speed and energy applied to it while adding pressure.
- Piston acts like a syringe or plunger that pushes the nitrogenous gas contained in the housing tube. A Piston is comprised of some holes so that the gas might escape from either side of it. When pressure is applied through the rods, it causes compression of the piston which helps in escaping the gas filled in it.
- Housing Tube is partly composed of a piston and nitrogenous gas filled in it. In order to prevent the gas in the tube from escaping out, it is generally sealed packed.
Working of The Gas Struts
Till now, you might be clear about the contents or compositions of the gas struts, isn’t it? The complete working of the strut depends upon these three basic parts. The force acting through the strut is the difference between the total pressure applied to the piston and the pressure acting outside. In other words, the volume of the gas displaced determines the force factor.
The failure in the working of the gas struts mainly occurs due to the fact that it gets internally damaged. Overextension due to excess force is the major reason for the internal breakage of the parts. When extra force is applied to it, certain parts suddenly ejects out causing many accidental incidents and can even harm the workers
In many cases, the struts seem to be functioning normally without any defaults. However, this is not true. Sometimes, there are internal damages that are pretty hard to predict. Even if the struts seem to function effectively, once you remove the parts suddenly, it causes sudden ejection of the moving parts that prove to be harmful. Thus, it is essential to follow the safety steps and know the reasons for such damages.
Different Types of Gas Struts to Know
#1. Standard Struts: These are the basic types in which a rod is attached to the piston which is inserted in the housing tube filled with nitrogenous gas. These are mainly used in the adjustable chairs, cargo and travel trailers, recreation vehicles, industrial and agricultural equipment and so on.
#2. Adjustable Locking Gas Struts: A lock is attached at the point of the movement of the piston so that at that particular position, the piston is locked thus inhibiting further free movement. These are generally used in the hospital beds and furniture in order to provide comfort to the patients.
#3. Stainless Steel Struts: The stainless-steel strut is mainly used in the corrosive environments. This strut is also available in different types, and they are- compression, tension, locking and many more. Such types usually feature the release valve and are usually used for pharmaceutical, food and marine-based applications.
With the use of a gas strut like structure, it is quite easy to carry out various works. Major types of machinery are composed of strut-like structures and are available in different sizes. It is even customized as per the industrial requirements. It has played major importance in lifting and supporting different components.
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