Business Asset Valuations

How Business Asset Valuations Are Determined

Businesses in the business industry are constantly going through changes and growth. This continual change and growth will affect your business on many levels and will even determine how successful your business will be. However, in order for you to know if your business industry is growing or is in decline, it is important that you as the business owner keep an eye on the trends and changes happening in your business.

Determining Your Business Value For Your Business Industry

The business valuation determines what your business industry is worth and is the method and processes utilized to ascertain what your business actually is worth. Determining a businesses’ value is difficult since value means so many different things to so many different people. Economic conditions, public feelings, and historical value are just a few of the items that are used to determine the businesses’ value.

There are many reasons why a business valuation might be conducted; one reason is to prevent a business from being taken over and put into a public domain. The other reason is to allow the business owner to have a sense of how much their company is worth before they put it on the market for sale. There are many companies that will conduct a free business appraisal for the company or individual that may be thinking about buying a business. These companies will usually send out a free business valuation report that will provide an analysis of the company based on several factors such as industry, financial condition, and overall earnings potential. Some of these factors will be industry-specific such as the financial condition and sales trends of the different industries in which the company operates in order to give a more accurate assessment.

Applying Market Saturation Analysis

There are several business valuation methods available to businesses when determining their business value. One of the market approach methods that can be used is a market saturation analysis. This is most commonly used by real estate agents that are looking to sell homes in certain areas at the same time. This method uses the size, age, and overall popularity of similar businesses in that area in order to provide a general idea of the value of the business. This will allow the real estate agent to determine the best time to sell a home in that particular area and will also allow them to make sure they’re not paying too much for a home that is not appreciating in value.

A second market approach method determines the value of the business by analyzing the performance and profitability of similar businesses within that geographic area. This is referred to as the income approach method because revenue is studied in a similar fashion to how income is studied in other business valuations. The discount rate is used in this method in order to determine the profitability of a business based on the income it receives and compare it with similar businesses that are in the same industry. There are several benefits to using this type of analysis such as accuracy and stability, and the use of similar industries as a standard allows data to be compared more easily among businesses of varying sizes.

A third method is called the fair market value or fair value option. This is an analysis that compares the current fair market value of the business with similar businesses in the same industry to estimate the fair market value. This is often times used in real estate appraisal where a property is being appraised for transfer to a new owner. This option is very accurate most of the time, but it has many limitations. These include the fact that there are many factors involved in determining the fair market value, and also that there is often a significant degree of variation between the values of comparable businesses in any given region.

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Infant Industries

The Intrinsic Benefits of Infant Industries

In economics, an infant industry is an economy that in its earliest stages experiences relatively low relative competition or is unable to successfully compete with established, more established competitors abroad. In many cases, these industries consist of small businesses located in rural or informal locations that have the resources necessary to compete on a limited basis with larger, more established firms. In the United States, many of these businesses are considered start-ups or emerging firms that are attempting to capitalize on the potential of a new market by developing it as a new business enterprise. The infant industry definition can also be applied to a smaller segment of the overall market: the small and intermediate goods market.

Governmental Support for These Small and Medium-Sized Enterprises

The United States has experienced mixed results with respect to the degree of governmental support for these small and medium-sized enterprises. On the one hand, the scale of the scale and scope of investment required to make subsidies a less than effective means of encouraging new ventures; on the other, subsidies do not make up for the lost foreign investment and other macroeconomic rents that would be generated by a successful new enterprise. For these reasons, the United States government continues to monitor the performance of the infant industry concept and, as trade policy and trade protection policy considerations shift towards encouraging the development of the domestic activity, attempts will continue to be made to promote these enterprises through subsidies. Efforts will continue to be directed towards the avoidance of barriers to trade and promote access to international markets.

Prevent Barriers to Trade by Maintaining or Imposing Various Measures

In addition to subsidies, the United States and other developed countries have sought to prevent barriers to trade by maintaining or imposing various measures that either raise the cost of imported goods, prevent international competitors from establishing in the domestic market, or reduce the amount of international competition by preventing barriers to entry. In some instances, import duties and other measures have been used to prevent imports altogether, for example, when a country objects to a specific import agreement between the United States and a foreign competitor. In some other instances, import duties and other measures have been used to reduce the cost of imported goods to the domestic market, for example by adjusting the rate of duty associated with a specific importable good. On the whole, import duties, and other measures designed to increase the cost of importing goods from other countries have been considered legitimate strategies to protect the domestic producers from the competition and to increase domestic employment.

The second aspect of the second infant industry argument regards the rationale behind the requirement of (and interest in) domestic production. The argument of course is that the government has an interest in protecting domestic production. After all, the domestic producers create jobs, they earn revenues, and they contribute to the overall strength of the American economy. The ability of a domestic producer to secure a market and maintain jobs and remain in business is important from a macroeconomic perspective. Import competition is not helpful in this regard, because importing goods will only result in reduced employment for the domestic producers, and increased employment means more income for the government, and all of this is unfortunate in the view of those that support free trade.

Finally, the last aspect of the infant-industry argument considers the effects of protectionism. Protectionism is often justified as necessary for protecting the interests of American consumers. Certainly, protectionist policies do have an effect, but the effects of protectionism do not usually take into account many of the underlying arguments against protectionism. In short, the infant industry argument makes three general points that are often overlooked when making a comparative analysis of domestic and foreign production. These three points include the damage done to domestic producers by protectionist policies, the importance of domestic production in overall economic strength, and the extent to which international trade deals benefit domestic businesses.…

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Industry Sectors

Philippines Overview of and Topical Guide to Industry Sectors

In international business, two industries typically dominate the top 10 in terms of total value invested. These two industries are the manufacturing and industrial sectors. The manufacturing sector, which includes the chemical and pharmaceutical industries, the motor vehicle industry, and the machine production industry; and the industrial sector, which includes the metal and chemical industries, the electricity-generating industry, and the fabricated metal industry. From a statistical perspective, these two industries together account for nearly eighty per cent of the gross domestic product of the Philippines.

It Becomes A Part of An Overall Economy

In international economics, an industry sector is a part of an overall economy which produces a closely connected group of goods, materials, or services that are normally sold or traded within a market. For instance, one could refer to the retailing industry or the service industry. Within each of these, there are different sectors with their own characteristics. A supermarket is only one part of a retailer’s business. Retailers also sell their products through the outlets of different industries or they conduct business through brokers and agents.

The Retailing Industry Comprises of Wholesalers, Manufacturers, and Dealers

In the Philippines, the retailing industry comprises of wholesalers, manufacturers, and dealers. The wholesalers or suppliers are responsible for delivering products to retailers or establishments. The manufacturers or suppliers create finished products for sale such as clothes, shoes, bags, and other consumer items. And the dealers or distributors are responsible for selling these products to retailers or establishments.

Five Industry Sectors in the Philippines

There are five industry sectors in the Philippines that constitute almost eighty per cent of the Gross Domestic Product (GDP): the Manufacturing, Wholesale, Service, and the Public Sector. The manufacturing industry sectors employ the majority of people in the country. This is because these industries make up the large-scale units of production that determine the pace of economic activity in the country. The service industry, on the other hand, employs people like cooks, medical professionals, and secretaries. Lastly, the public sector includes government employees like police officers, civil servants, and teachers.

Two Main Categories Workers

Filipino workers in different industries across the country are divided into two main categories: the service-oriented workers and the production-oriented workers. The service-oriented workers are considered as blue-collar workers. They include taxi drivers, delivery drivers, and maintenance workers. On the other hand, production-oriented workers are known as white-collar workers. They include personnel in government agencies like the navy, Marines, and coast guard. These two groups of workers have vastly different jobs and responsibilities, although they usually go about doing the same thing.

The Philippines is an emerging economic power and has shown great potential in terms of its potential growth in the global market. In fact, it has surpassed China as the biggest manufacturer of export goods. Other countries like the United States, India, and Vietnam are also in the midst of an industrial revolution. For this reason, the Philippines’ ability to achieve economic growth and employment growth will be inevitable as long as it retains its diverse industry sectors and promotes a competitive economy through sound policies.…

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Industry Standard

Advantages Of Industry Standard Practice

Industry-standard (and industry standardisation) is the process by which all industry activities are measured against industry standards. An industry standard is a standard that all parties to a relationship with the service or product undertake, be it suppliers, customers, government regulators, public sector users, or private individuals. They all have something in common, and as they will all have a need for the standard to be known and followed, so the standard ensures quality in all activity. Where there are currently no industry standards, that is called ‘adultery in the workplace’, where there are a standard and enforcement of the standard is also called ‘standardisation’. The opposite of standardisation is non-standardisation; where there are standards and there are activities that deviate from those standards.

Industries adopt standards to regulate practices in their industry, as well as the processes and practices involved in doing business with other industries, both within their industry and in relationships with suppliers. There are three types of industry-standard: formal standards implied standards, and practice within the industry. Formal standards are set down in statute, for example, the UK’s Financial Services Authority. Involuntary standards are those set down by an industry organisation, such as the Health and Safety Executive. Under assumed standards are those which are part of business practice within the industry, for example, suppliers’ payment terms to suppliers.

The Satisfaction of the Customer

The key drivers for setting industry standards are the performance of the business or organisation, and in particular whether the performance is satisfactory to the customer. This enables the standards to be enforced, leading to good customer service and, where it is economically and technically feasible, to drive efficiency and productivity growth. In addition, industry standards help to build trust between the customer and the business, through assuring that the product or service has been delivered according to the agreed-upon specifications. Standardisation of the industry also provides information about the performance of similar organisations around the world, helping to establish benchmarks for benchmarking, and improving performance in those organisations relative to those benchmarking organisation.

Safe Handling, Storage, Use, Treatment and Disposal of Pharmaceuticals

Another key aspect of healthcare standards and industry-standard practice relates to the disclosure of the risks and benefits of the various products and services provided. An important area for this purpose is the TPC-h publication, which sets out industry standards and associated documentation relating to the safe handling, storage, use, treatment and disposal of pharmaceuticals. This publication takes into account a wide range of risks, including contact substances, biological hazards, health dangers, environmental issues, workers health and food safety and security.

Compliance with the Regulatory Standard

Healthcare industry standards also cover engineers. It is the responsibility of the certified professionals to ensure that they have understood and comply with the necessary national and international standards. Achieving regulatory compliance is best practice for engineering personnel, and many engineers go beyond the required compliance scope when it comes to the design of devices, systems and software. Compliance with the regulatory standards is achieved by engineering consultants who work in close partnership with healthcare industry specialists to achieve the best practices across the industry.

Lastly, when it comes to the development of new devices and systems it is often necessary to take additional time to incorporate new standards into the already operating systems. The use of industry-standard practices can help to ensure that this requirement is satisfied. The aim is to avoid any extra costs being incurred when setting up the new design. This is especially relevant where some form of certification will be required for the design of the new product or service. It would not be possible to implement a new design if all of the engineers were unable to comply with the existing standard, and so the industry-standard practice can save considerable expense when it comes to complying with regulations.…

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oil and gas industry

Oil and Gas – An Essential Element

The oil and gas industry also referred to as the petroleum industry or the oil and gas sector comprises the worldwide processes of extraction, processing, production, transport, and marketing of oil products. Among these, petroleum is the most important commodity worldwide. The oil and gas industry involves the exploration, development, and refinement of oil and gas. The largest volume materials of this industry are gasoline and fuel oil.

This global demand for oil, despite the current global economic recession, has resulted in a large number of oil and gas sectors around the world. These sectors provide employment to millions of people around the world. With the onset of these sectors, competition for new oil and gas jobs is intense among people who want to get involved in the oil and gas sector.

People with Both Technological and Analytical Skills

This industry requires people with both technological and analytical skills. Most of the people who are recruited into this sector are those who have obtained a bachelor’s degree in engineering. A master’s degree is also required by some oil and gas companies. Since these engineers have a great deal of experience in engineering and research, they are often placed in operational positions, but there are opportunities for people who have acquired skills other than engineering and research skills.

Two Major Business Units

Oil and gas companies usually have two major business units: one is the upstream or real-estate component which develops the resources belonging to the oil and gas sector, while the second is the downstream sector, responsible for the supply of crude oil and petroleum liquids to downstream activities. In addition, there are also small oil and gas refineries that produce gasoline and diesel for sale to the customers. These refineries are usually located on the company’s premises and constitute a small part of its business. The upstream sector also focuses on discovering, extracting, refining, and selling petroleum and hydrocarbons whereas the downstream sector handles commercial production, transportation, retail sales, marketing, and distribution.

It’s in Growth for the Next Several Years

The oil and gas industry is in growth for the next several years as the world’s oil supplies are predicted to diminish over the coming years due to the increase in consumption in Asia, Africa, Latin America, Russia, and the United States. There is also an increasing demand in Europe for oil and gas supplies. It is projected that by the end of the next decade, the demand for oil and gas will continue to increase substantially in the Western world. The uncertainty of the oil and gas sector has resulted in a variety of actions taken by companies in the oil and gas industry.

An increasing number of companies have diversified their investment portfolio to include alternative fuels and drilling for oil and gas in the Middle East. Some have taken advantage of new technologies like geothermal drilling to tap fossilized deposits without requiring large investments. Oil exploration is a key driver for companies in the oil and gas industry. As long as there is a global demand for oil and gas, there will be supply. The companies that provide services related to exploration, production, refinement, and transportation of oil and gas are the major drivers of the global economy.…

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Steel Industry

Steel Industry Promises To Reinvent itself

Steelmaking is the procedure of making steel from scrap or iron ore. In steelmaking, unwanted impurities like iron, sulphur, silicon, nitrogen and excess carbon are taken out of the main raw material, called steel. The desired end product, steel is then shaped into different shapes like bars, plates, sheets and ductile rails. In order to increase the strength and durability of steel, it is essential to add reinforcing steel bars or plates to it.

Fast-Changing Changes in the Business Cycle

The old-line steel industry characterized by long hours, monotonous work and little automation is dying. In the past, steel manufacturers had to use manual labour and follow complicated production and business cycle to produce steel. As a result, the productivity of steel industry employees was low. Furthermore, the poor quality of steel products often resulted in safety hazards, worker fatigue and accidents. In addition, the heavy labour cost and high-cost of operation resulted in a diminished capacity for profit and expansion of the business cycle.

Nowadays, the steel industry has to deal with fast-changing changes in the business cycle. Rapidly changing market conditions demand flexible and cost-effective solutions that can be tailor-made for any steel industry application. Hence, steel manufacturers and suppliers have to develop comprehensive strategies to respond to changing business cycle. Developing new business cycle processes and solutions that can address operational, environmental and social demands are critical for long-term sustainable development of the steel industry.

Each Steel Manufacturer Needs to Strengthen Their Overall Management Capability

To respond to rapidly evolving business cycle, steel manufacturers need to identify, plan and implement the actions that help them to strengthen their capabilities. These actions help individual companies to respond to market changes and to remain competitive. Steelmakers need to strengthen their capabilities to gain an edge over the competitors. To achieve this objective, each steel manufacturer needs to: strengthen their overall management capability, improve its production capacity and quality and reduce costs. Furthermore, companies need to consolidate their production, procurement, selling and distribution networks.

Steel manufacturers need to develop and maintain strategic alliances to partner with existing and emerging customers to provide them with raw materials. It is important for the steel industry to develop and maintain a relationship with both core markets and suppliers. As a result, the steel industry will face tough competition from recycled scrap metal buyers and iron ore buyers. Scrap metal buyers will offer lower prices than iron ore buyers in the near future due to the current state of the economy.

Open-hearth furnace technology has been the main contributing factor to the emergence of the steel industry. The open-hearth furnace technology provides consistent high temperature and high purity steel production. In addition, it also offers a variety of processing options including rolled, dished, direct gas brazed and direct gas-fired products. With this technology, the basic oxygen steel manufacturing process has become faster and more efficient.…

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Construction Industry

What Are The Main Challenges Facing The Construction Industry?

Construction is a broad term meaning the science and art of to shape mechanical, economic, or social arrangements, and derives from Latin ad constructed, and Old French construction. To build is the proper noun: the actual act of constructing, and the participles are built: things made, assembled, as in the word build you are not constructed; construct: to shape into things, as in the word shape. To build is the proper noun: things that you build, assembled, as in the word build you are not a construction worker; construct: to shape into things, as in the word shape. To be is the suffix, an adjective, denoting that the action is happening or being performed: to be born is being born, being here is being here; this (is) a structure. To be is also the prefix, per, meaning “by means of,” and therefore by means of its construction since it is what we do to build.

Many Job Titles

In the United Kingdom, the construction industry has developed many job titles. For example, the foreman is now a common term for a senior construction worker. Foremen usually oversee the entire construction phase, running everything from installing tools to supervising the workers as they build each job. Some foremen are also responsible for the supervision of tradesmen and drivers, such as installing ventilation ducts and other equipment. General contractors oversee the design and construction of the buildings, overseen by architects and engineers, although they may hire some subcontractors for specific parts of a job.

Land Surveys

Land surveys are another branch within the construction industry. Land surveyors assess the quality and location of buildings and structures before construction begins. They are often also responsible for making sure that the boundaries of areas zoned for construction are respected, as well as liaising with owners of land for access to the land. As well as land surveys there are structural engineers responsible for constructing buildings and ensuring their strength, safety, and compatibility with local landmarks and buildings. Another key player in the construction industry is the project manager. This person is in charge of the overall direction of a construction project, delegating tasks to sub-contractors and ensuring that all deadlines are met.

In addition to overseeing the daily operations of the construction industry, project managers report directly to their managers. They produce daily reports outlining progress, problems and successes, cost estimates, and any changes required. They are in charge of setting the goals, strategies and timelines for the project and supervise its completion. A key aspect of their role is to make sure that all aspects of the project are meeting their objectives, including schedule, cost and completion date.

New Technology Adoption

Another important area, the construction industry is focusing on is improved safety. With new technology adoption rates are rising all over the world, it’s becoming even more dangerous to work in the construction industry. Safety guidelines such as OSHA and others have been developed and enforced to help ensure that employees staying on site are protected by the safest and most effective working equipment available. With improved safety measures, there will be fewer incidences of lost time off, injuries resulting in temporary or permanent disability and incidences of personal injury that could lead to permanent damage or death.

Many in the construction industry are looking towards technological advancements to improve the way they can work better with clients, manage time and improve the overall efficiency of their day to day operations. One such way is through the use of computers. Technology adoption rates among construction workers are climbing all over the world. Project management software is one such tool being adopted more commonly in the construction industry. Other measures include the use of digital signage, telematics systems, online reporting tools and online collaboration tools.…

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Retail Industry

Get in Touch with Retail Industry

The retail industry involves the retail sale of products or services to consumers in retail stores. Retail is the act of selling consumer products or services directly to consumers through multiple physical outlets of distribution to make a profit. Retailers meet demand identified by a physical distribution network. Retail stores can be chain stores like Circuit City or Wal-Mart or they can be privately owned like Sam’s Club or Costco.

Consists of Many Different Types of Retailers

The retail industry consists of many different types of retailers including outlet malls, strip malls, downtown retail stores and country clubs. The country club retail industry targets the affluent clientele. Outlet malls usually include a food court or a gift shop with various retailers. Many retail chains also own and operate a mall. Mall retailing offers the typical retail items found in the grocery store such as clothing, toys, housewares, household items and electronics.

Variety of Job Positions

The retail industry employs thousands of people in a variety of positions. Job opportunities are available at counters, in stores, in a warehouse, at end caps and in various other storefront positions. Some stores provide on the job training in customer service, sales, inventory and other areas of management. Jobs in the retail industry can be found in government, private and public institutions such as hospitals, colleges, schools, universities, technical and trade schools, corporate organizations and in various retail chains. Service positions can be found in restaurants, hotel and motel, retail stores and health care centres.

The retail industry provides a diverse range of job opportunities. Jobs in the retail industry can be divided into two main categories: front-line and back-line work. Front-line retail employees do the actual buying of products and selling to customers in retail stores. Back-line workers handle the administrative and secretarial jobs required by the retailer. While the retail industry has many opportunities for employees, the overall labour rates are higher than in other industries.

It’s Controlled by the Major Chains

The retail industry is generally controlled by the major chains and is thus characterized by the uniformity of prices and supply. Major retail chains are Wal-Mart, Target, K-Mart, Costco, Lowe’s and so on. Major manufacturers include Ford, Macy’s, Wal-Mart, JC Penny’s and Pier 1 Imports. Major wholesalers include Costco, Sam’s Club, Target and K-Mart. In the United States, the retail industry employs the most number of individuals in any sector.

In terms of retail industry salaries, the best and most competitive retail stores offer competitive pay for experienced retail employees. Retail sales managers earn the highest salaries, but retail employees can also hold managerial and other job titles. Retail sales wages are generally above the national average for all occupations. For instance, retail sales jobs may require sales experience and may require certification. Most retail employers offer competitive pay and benefits packages. They offer training programs and give extensive employee assistance programs to help employees retain their positions.…

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