This document provides an example of how a small furniture company called NW Furniture grows from a small local business into a larger publicly traded company through an initial public offering (IPO). After 10 years of growth, the couple who own NW Furniture decide to do an IPO to raise $4 million to fund expanding into new locations while maintaining majority ownership. The IPO values the company at $13 million and the expansion is successful, tripling profits and increasing the company's value to $51 million.
This lecture covers various business structures, including the difference between for-profit, non-profit, and alternative paths to entrepreneurship. Discover the right questions entrepreneurs must ask before committing to building a business. What are the requirements and resources you need to have in place to get started? What are the types of financing―and how do they work and why do they matter to different kinds of entrepreneurs?
Introduction to Entrepreneurship 101/Finding and Validating Your Idea - Entre...MaRS Discovery District
Learn the scope of the Entrepreneurship 101 course and how it can help you build a business. Hear why entrepreneurship matters so much in today’s world, what makes entrepreneurs different (and successful) and how you can come up with your next big idea (or test the one you have).
Bootstrapping is the art of lifting oneself by the bootstraps. It may sound impossible, but bootstrapping is how many startups survive. Thanks to smart new ways of leveraging limited resources, including the emergence of crowdfunding, bootstrapping is an increasingly viable—and sometimes even the most desirable—funding strategy for early-stage startups. This lecture will cover both the strategic and the practical aspects of bootstrapping for early-stage companies.
This lecture outlines the legal and tax considerations of starting a business, including how to register and structure your business. You are introduced to the importance of understanding the entire “ecosystem” of your business, including distribution partners, industry contacts, lawyers and human resource specialists.
Managing Client Relations In Your Law PracticeAlan Klevan
I had the pleasure of speaking with Rodney Dowell, Director of LCL, today, for the Boston Bar Association\'s Brown Bag series on how to manage client relations. Enjoy!
This lecture covers various business structures, including the difference between for-profit, non-profit, and alternative paths to entrepreneurship. Discover the right questions entrepreneurs must ask before committing to building a business. What are the requirements and resources you need to have in place to get started? What are the types of financing―and how do they work and why do they matter to different kinds of entrepreneurs?
Introduction to Entrepreneurship 101/Finding and Validating Your Idea - Entre...MaRS Discovery District
Learn the scope of the Entrepreneurship 101 course and how it can help you build a business. Hear why entrepreneurship matters so much in today’s world, what makes entrepreneurs different (and successful) and how you can come up with your next big idea (or test the one you have).
Bootstrapping is the art of lifting oneself by the bootstraps. It may sound impossible, but bootstrapping is how many startups survive. Thanks to smart new ways of leveraging limited resources, including the emergence of crowdfunding, bootstrapping is an increasingly viable—and sometimes even the most desirable—funding strategy for early-stage startups. This lecture will cover both the strategic and the practical aspects of bootstrapping for early-stage companies.
This lecture outlines the legal and tax considerations of starting a business, including how to register and structure your business. You are introduced to the importance of understanding the entire “ecosystem” of your business, including distribution partners, industry contacts, lawyers and human resource specialists.
Managing Client Relations In Your Law PracticeAlan Klevan
I had the pleasure of speaking with Rodney Dowell, Director of LCL, today, for the Boston Bar Association\'s Brown Bag series on how to manage client relations. Enjoy!
Passive Profits: Do It Once and Profit ForeverKurtis Rose
It’s practically universal to want to increase your income. Regardless of how much money someone has, they would still like to make more.
If you’re like most, you swap your time for money. Even highly paid, successful doctors and lawyers are limited because they have to trade their time in exchange for payment. Doctors can only see so many patients in a week. Their potential income is limited by time.
Passive profits do it once and profit foreverRoger Jirves
Passive income is money coming in that requires you to
invest very little time. You may spend some time initially,
while you’re getting it all set up. However, once it’s up and
running, you’ll continue to receive income for a long time to
come.
A state of the industry summary of the evolving iBuyer landscape and potential impact on the real estate industry. Talk given by Mark Choey, cofounder of Climb Real Estate. Location was at the Docusign offices in San Francisco's South Beach / SOMA neighborhoods. Hosted by TET Conferences
Fagnum is a new way to celebrate content marketing. Fagnum is a thriving content publishing and marketing platform to help the budding startups, bloggers, filmmakers, websites and content writers to help them grow and flourish.
http://www.fagnum.com
Summary presentation of the critically acclaimed book on venture capital and entrepreneurship by Flybridge general partner Jeff Bussgang (www.jeffbussgang.com)
How You Can create a Passive, Full-Time Income in 90 Days or Less by Investin...NoteSchool
How You Can create a Passive, Full-Time Income in 90 Days or Less by Investing in Real Estate Notes
http://noteschool.com
http://facebook.com/noteschool
Passive Profits: Do It Once and Profit ForeverKurtis Rose
It’s practically universal to want to increase your income. Regardless of how much money someone has, they would still like to make more.
If you’re like most, you swap your time for money. Even highly paid, successful doctors and lawyers are limited because they have to trade their time in exchange for payment. Doctors can only see so many patients in a week. Their potential income is limited by time.
Passive profits do it once and profit foreverRoger Jirves
Passive income is money coming in that requires you to
invest very little time. You may spend some time initially,
while you’re getting it all set up. However, once it’s up and
running, you’ll continue to receive income for a long time to
come.
A state of the industry summary of the evolving iBuyer landscape and potential impact on the real estate industry. Talk given by Mark Choey, cofounder of Climb Real Estate. Location was at the Docusign offices in San Francisco's South Beach / SOMA neighborhoods. Hosted by TET Conferences
Fagnum is a new way to celebrate content marketing. Fagnum is a thriving content publishing and marketing platform to help the budding startups, bloggers, filmmakers, websites and content writers to help them grow and flourish.
http://www.fagnum.com
Summary presentation of the critically acclaimed book on venture capital and entrepreneurship by Flybridge general partner Jeff Bussgang (www.jeffbussgang.com)
How You Can create a Passive, Full-Time Income in 90 Days or Less by Investin...NoteSchool
How You Can create a Passive, Full-Time Income in 90 Days or Less by Investing in Real Estate Notes
http://noteschool.com
http://facebook.com/noteschool
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
3. Investment
DEFINE INVESTMENT GOALS AND CONSTRAINTS
IDENTIFY INVESTMENT ALTERNATIVES
CHOOSING THE BEST ALTERNATIVE OR ALTERNATIVES
PORTFOLIO CONSTRUCTION
PORTFOLIO CONSTRUCTION
PORTFOLIO EVALUATION
Portfolio
Hedging
Portfolio
Revision
www.StudsPlanet.com
4. Some Financial Terms
• Earnings per Share: The amount of
profit to which each share is entitled.
• Going Public: Slang for when a
company is planning an IPO.
• IPO: Short for Initial Public Offering.
An IPO is when a company sells stock
in itself for the first time.
www.StudsPlanet.com
5. Terms continued…
• Market Cap: The amount of money you would have
to pay if you bought ever share of stock in a
company. (To calculate market cap, multiply the
number of shares by the price per share.) Short for
Market Capitalization.
• Share: A share represents an investor's ownership
in a "share" of the profits, losses, and assets of a
company. It is created when a business carves itself
into pieces and sells them to investors in exchange
for cash.
• Ticker Symbol: A short group of letters that
represents a particular stock (e.g., "Coca Cola" is
referred to as "KO".)
• Underwriter: The financial institution or
investment bank that is doing all of the paperwork
and orchestrating a company's IPO.
www.StudsPlanet.com
6. Purpose of the Stock Market
• Almost every large corporation started
out as a small, mom-and-pop
operation and through growth, became
financial giants.
• Wal-Mart, Dell Computer, and
McDonald’s had combined profits of
$10.34 billion this year.
• Wal-Mart was originally a single-store
business in Arkansas.
www.StudsPlanet.com
8. Stock Market
• Dell computer began with
Michael Dell selling
computers out of his
college dorm room.
• McDonald’s was once a
small restaurant no one
had heard of.
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9. How did they grow?
• How did these small companies grow
from tiny, hometown enterprises to
three of the largest businesses in the
American economy?
• They raised capital by selling stock
in themselves.
www.StudsPlanet.com
10. Example of a Company: New to Public
• After getting married, a young couple decided to
start a business. It would allow them to work for
themselves, as well as arrange their hours around
their family. Both husband and wife have always
had a strong interest in furniture, so they decide to
open a store in their hometown.
• After borrowing money from the bank, they name
their company “NW Furniture” and go into business.
• The first few years, the company makes little profit
because the earnings are plowed back into the
store, buying additional inventory and adding onto
the building to accommodate the increasing level of
merchandise.
www.StudsPlanet.com
11. NW Furniture
• Ten years later, the business has grown
rapidly. The couple has managed to pay off
the company’s debt, and profits are over
$500,000 per year.
• Convinced that NW Furniture could do as
well in several larger, neighboring cities, the
couple decides they want to open two new
branches.
• They research their options and find out it is
going to cost over $4 million dollars to
expand. Not wanting to borrow money and
be strapped with interest payments again,
they decide to sell stock in the company.
www.StudsPlanet.com
12. NW Furniture’s Value
• The company approaches an “underwriter”,
such as Goldman Sachs or JP Morgan, who
determines the value of the business. As
mentioned before, NW Furniture earns
$500,000 after-tax profit each year.
• It also has a book value of $3 million [the
value of the land, building, inventory, etc.
subtracted by the company’s debt] The
underwriter researches and discovers the
average furniture stock is trading at 20
times earnings. www.StudsPlanet.com
13. NW Furniture’s “Book Value”
• What does this mean? Simply, you
would multiply the earnings of
$500,000 by 20. In NW Furniture’s
case, the answer is $10 million.
• Add book value, and you arrive at $13
million.
• This means, in the underwriter’s
opinion, NW Furniture, is worth $13
Million.
www.StudsPlanet.com
14. So how much are they willing to give up?
• Our young couple, now in their 30’s,
must decide how much of the company
they are willing to sell.
• Right now, they own 100% of the
business.
www.StudsPlanet.com
15. Giving it up…
• The more they sell, the more cash
they’ll raise, but they will also be
giving up a larger part of their
ownership.
• As the company grows, that ownership
will be worth more, so a wise
entrepreneur would not sell more than
he or she had to.
www.StudsPlanet.com
16. NW Furniture Goes Public!
• After discussing it, the couple decides to
keep 60% of the company and sell the other
40% to the public as stock.
• [This means that they will keep $7.8 million
worth of the business. Because they own a
majority of the stock, they will still be in
control of the store.]
• The other 40% they sold to the public is
worth $5.2 million.
• The underwriters find investors who are
willing to buy the stock, and give a check for
$5.2 million to the couple.www.StudsPlanet.com
17. So now they have cash to expand.
• Although they own less of the
company, their stake will hopefully
grow faster now that they have the
means to expand rapidly.
• Using the money from their public
offering, NW Furniture successfully
opens the two new stores and have
$1.2 million in cash left over.
• [remember it was going to cost $4
million for the new stores].www.StudsPlanet.com
18. Expanding…
• Business is even better in the new
branches, which are in more populated
cities.
• The two new stores both make around
$800,000 a year in profit each, with
the old store still making the same
$500,000.
• Between the three stores, NW
Furniture now makes an annual profit
of $2.1 million dollars.
www.StudsPlanet.com
19. So what are they worth now?
• This is great news because, although
they don’t have the freedom to simply
close shop anymore, the business is
now valued at $51 million dollars
• [multiply the new earnings of $2.1
million per year by 20 and add the
book value of $9 million; there are
three stores now, instead of one].
• The couple’s 60% stake is worth $30.6
million dollars.
www.StudsPlanet.com
20. Ahh, that’s how it works!
• With this example, it’s easy to see how small
businesses seem to explode in value when
they go public.
• The original owners of the company are, in a
sense, wealthier overnight.
• Before, the amount they could take out of
the business was limited to the profit.
• Now, they are free to sell their shares in the
company at any time, raising cash quickly.
www.StudsPlanet.com