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    What Is The Fair Market Value of Your Business? Part 2
    Financial Data – What’s Needed?As a general rule, the more financial data that is available, the better. If your accounting system is sophisticated enough to produce internal Balance Sheets and P&L Statements, they are certainly helpful. Of course the best information to use as a basis is the Federal Tax Return, since when these are submitted to the IRS, any and all final adjustments have been made. Also, three to five years of returns will give the valuation analyst a better and more consistent track record of the firm’s history. For further insight and/or questions, lean on the valuator for guidance. Typically, the most important source of necessary data is the owner or CEO (or the CFO if a firm is large e
    possibility of causing property damage, personal injury or even death. Same thing with the reducers or elbows.. Don’t take chances. Fix it or throw it away. Once again, invest in your equipment.

    Pump Maintenance / When was the last time you changed your hydraulic oil?

    Don’t forget to check your pumps owner’s manual on when to change the hydraulic fluid, motor oil and all your filters including hydraulic filter, motor oil filter, air filter and fuel filter. Check all your hydraulic hoses and fittings, loose nuts and bolts, loose wires and fittings, etc. Also, always keep an e

    Silk is a Developed Market
    Silk signifies luxury; it has always been associated with crowned heads and riches throughout the different ages. Silk has an excellent idiosyncratic, beauty and elegance because of which it is considered as the queen of fabrics compared with other man-made natural fibers in the textile industry. It is the strongest and lightest natural fiber and it has great elasticity, resilience and warmth.Silk is extruded by a domesticated silkworm known as Bombyx mori, which feeds solely on mulberry leaves. The traditional process of silk production requires the killing of hundreds of thousands of silk moths. The larvae are boiled alive, roasted or centrifuged. The female moths are slit open to check for diseases after they
    One very dangerous thing that is seen in the concrete pumping industry from time to time is people having their arms, fingers, etc. amputated in the field due to cleaning out the pump with their hands while the pump motor is running. Remember, never put any body part in the hopper, outlet valve or lubrication box while the pump is running. Many of these amputations are caused because the operator thinks that just because the remote is off everything is all right. However, what happens is they press the stop button on the remote and then they stick their arm or hand into a moving part on the pump and then they lean up against the pump or whatever and the remote button is pushed on and their arm is chopped off. It happens just like that, fast!

    Remember to read the pump manufacturer’s operating manual before cleaning or repairing your concrete pump. If you have to service the pump and need to put your hands near moving parts, always shut off the pump engine and remove the key and make sure all pressure is at zero.

    Most pumping companies will see a steady growth in pump jobs due to the summer months ahead. This is a great time of year to service your pumps and equipment. With more pump jobs it means more money. Don’t forget to invest back into your equipment. Don’t get out on a job and have a problem that could have been avoided.

    Check your hoses for wear spots, and holes in the hose. Also, check the hose ends including the inside. Look for thin metal. Check your reducer and the ends of the reducers. Periodically lightly tap your reducers with a hammer. You can actually hear a very bright “ting” if the metal is getting too worn. When this happens, replace it. Here’s a little side note. Did you hear about the guy who lost his vision due to the hose exploding open in his face. His employer had no workman’s comp and either did the general contractor. Don’t gamble in this business. People can get injured and killed.

    Here’s a good habit to get into.

    Start off with good hoses and clamps. When setting up a job, roll out the hose from one end and when rolling it up, roll it from the other end. That way you can inspect both ends daily. If you come across a bad hose, spray paint it to mark it and put it aside. Then either fix it, cut it into two hoses, or throw it away. If the concrete hose clogs, a damaged or worn hose could burst with the possibility of causing property damage, personal injury or even death. Same thing with the reducers or elbows.. Don’t take chances. Fix it or throw it away. Once again, invest in your equipment.

    Pump Maintenance / When was the last time you changed your hydraulic oil?

    Don’t forget to check your pumps owner’s manual on when to change the hydraulic fluid, motor oil and all your filters including hydraulic filter, motor oil filter, air filter and fuel filter. Check all your hydraulic hoses and fittings, loose nuts and bolts, loose wires and fittings, etc. Also, always keep an ey

    Why Do Some Franchise Businesses Not Succeed?
    Most Franchise Businesses are successful but invariably like any other business some do fail. Why do they fail? Most franchisers fail primarily because they took the route of franchising their business without proper planning and preparation.Although franchising is a great way to grab market share quickly and without utilising your own funds, it requires a great deal of work to make it successful. The first and most important requirement for any potential franchiser is can the business model be taught successfully?Many franchisees will come from a background of zero business experience. They will not only have to be taught about the franchisers products & marketing but will during the course of their train
    nd then they lean up against the pump or whatever and the remote button is pushed on and their arm is chopped off. It happens just like that, fast!

    Remember to read the pump manufacturer’s operating manual before cleaning or repairing your concrete pump. If you have to service the pump and need to put your hands near moving parts, always shut off the pump engine and remove the key and make sure all pressure is at zero.

    Most pumping companies will see a steady growth in pump jobs due to the summer months ahead. This is a great time of year to service your pumps and equipment. With more pump jobs it means more money. Don’t forget to invest back into your equipment. Don’t get out on a job and have a problem that could have been avoided.

    Check your hoses for wear spots, and holes in the hose. Also, check the hose ends including the inside. Look for thin metal. Check your reducer and the ends of the reducers. Periodically lightly tap your reducers with a hammer. You can actually hear a very bright “ting” if the metal is getting too worn. When this happens, replace it. Here’s a little side note. Did you hear about the guy who lost his vision due to the hose exploding open in his face. His employer had no workman’s comp and either did the general contractor. Don’t gamble in this business. People can get injured and killed.

    Here’s a good habit to get into.

    Start off with good hoses and clamps. When setting up a job, roll out the hose from one end and when rolling it up, roll it from the other end. That way you can inspect both ends daily. If you come across a bad hose, spray paint it to mark it and put it aside. Then either fix it, cut it into two hoses, or throw it away. If the concrete hose clogs, a damaged or worn hose could burst with the possibility of causing property damage, personal injury or even death. Same thing with the reducers or elbows.. Don’t take chances. Fix it or throw it away. Once again, invest in your equipment.

    Pump Maintenance / When was the last time you changed your hydraulic oil?

    Don’t forget to check your pumps owner’s manual on when to change the hydraulic fluid, motor oil and all your filters including hydraulic filter, motor oil filter, air filter and fuel filter. Check all your hydraulic hoses and fittings, loose nuts and bolts, loose wires and fittings, etc. Also, always keep an e

    Small Business Brokers
    Business brokers act as matchmakers in the world of business. They bring together small and medium-sized businesses. Small businesses have their own limitations owing to their limited presence in the market. Though most of the business brokerage firms help in selling all sizes of businesses, there are specialized business brokerage firms for selling small businesses also. Through their contacts with big corporations, they can get a good selling price for a small business.For this they could charge a small fixed fee and then a commission. The commission is calculated with the sales price as the base. It is generally negotiable. Various surveys have indicated that as many as one-third of the business brokerage firm
    pump jobs it means more money. Don’t forget to invest back into your equipment. Don’t get out on a job and have a problem that could have been avoided.

    Check your hoses for wear spots, and holes in the hose. Also, check the hose ends including the inside. Look for thin metal. Check your reducer and the ends of the reducers. Periodically lightly tap your reducers with a hammer. You can actually hear a very bright “ting” if the metal is getting too worn. When this happens, replace it. Here’s a little side note. Did you hear about the guy who lost his vision due to the hose exploding open in his face. His employer had no workman’s comp and either did the general contractor. Don’t gamble in this business. People can get injured and killed.

    Here’s a good habit to get into.

    Start off with good hoses and clamps. When setting up a job, roll out the hose from one end and when rolling it up, roll it from the other end. That way you can inspect both ends daily. If you come across a bad hose, spray paint it to mark it and put it aside. Then either fix it, cut it into two hoses, or throw it away. If the concrete hose clogs, a damaged or worn hose could burst with the possibility of causing property damage, personal injury or even death. Same thing with the reducers or elbows.. Don’t take chances. Fix it or throw it away. Once again, invest in your equipment.

    Pump Maintenance / When was the last time you changed your hydraulic oil?

    Don’t forget to check your pumps owner’s manual on when to change the hydraulic fluid, motor oil and all your filters including hydraulic filter, motor oil filter, air filter and fuel filter. Check all your hydraulic hoses and fittings, loose nuts and bolts, loose wires and fittings, etc. Also, always keep an e

    Banking on Good Banks: Guidelines to Help You Choose the Right Bank for You
    More often than not, we make decisions impulsively, without dwelling on too much thought about what we want and without considering other options, guidelines and criteria to base our decisions with. We can always get away with this on small decisions such as deciding on the flavor of Starbucks coffee we want; whether this is decaf or not; medium or large; with cream or without and many other trivial options.This is okay but this is not applicable when we are considering things that concern the financial aspect of our lives - financing, refinancing, mortgages, insurance, investments and yes, even choosing the bank where we could save and store our money. Here are some guidelines you have to consider when you want
    n in his face. His employer had no workman’s comp and either did the general contractor. Don’t gamble in this business. People can get injured and killed.

    Here’s a good habit to get into.

    Start off with good hoses and clamps. When setting up a job, roll out the hose from one end and when rolling it up, roll it from the other end. That way you can inspect both ends daily. If you come across a bad hose, spray paint it to mark it and put it aside. Then either fix it, cut it into two hoses, or throw it away. If the concrete hose clogs, a damaged or worn hose could burst with the possibility of causing property damage, personal injury or even death. Same thing with the reducers or elbows.. Don’t take chances. Fix it or throw it away. Once again, invest in your equipment.

    Pump Maintenance / When was the last time you changed your hydraulic oil?

    Don’t forget to check your pumps owner’s manual on when to change the hydraulic fluid, motor oil and all your filters including hydraulic filter, motor oil filter, air filter and fuel filter. Check all your hydraulic hoses and fittings, loose nuts and bolts, loose wires and fittings, etc. Also, always keep an e

    How to Make a Career - Life Change
    Have you’ve felt like your job doesn’t match your talents, skills and attributes with who you are and what you’re doing? Have you wanted to make a career/life transition, and don’t know where to start? Let’s take a look at the topics to consider making a life/career change. Making a career/life change is a process. It isn’t something you can think about for a few hours that will result in your “dream job”. Sometimes we want the life/career change to be fulfilled quickly, and with little inner soul-searching. However, it doesn’t work that way. It took you many years to get where you are today. To make a career/life change takes time as well.It is a process that takes personal reflection time, some serious
    possibility of causing property damage, personal injury or even death. Same thing with the reducers or elbows.. Don’t take chances. Fix it or throw it away. Once again, invest in your equipment.

    Pump Maintenance / When was the last time you changed your hydraulic oil?

    Don’t forget to check your pumps owner’s manual on when to change the hydraulic fluid, motor oil and all your filters including hydraulic filter, motor oil filter, air filter and fuel filter. Check all your hydraulic hoses and fittings, loose nuts and bolts, loose wires and fittings, etc. Also, always keep an eye on your accumulator pressure. Don’t pump with low accumulator pressure. If you are running low on pressure, charge your accumulator according to your pump manufacturers guidelines. By maintaining your pump you will be able to offer your customers quality and well maintained equipment. Then down the road if you decide to sell your pump you’ll be happy you maintained it. Just keep this in mind. A well maintained pump gets top dollar in the used concrete pumping market.

    Check your hitch.

    Once a guy told me that his pump came off his truck while driving down the freeway. No one was injured! But it could have been bad, very bad! Check your hitch everyday.

    Where do I purchase washout bags?

    The bags generally used are 3 mil contractor bags. You can purchase them at hardware stores such as Home Depot, etc. Don’t use the basic garbage bags, they’re too thin. Make sure you use the 3 mil bags. Only fill about1/4 to 1/3 of the bag or you won’t be able to lift it.

    Where do I buy bentonite slurry for the pump hose?

    Most concrete pump operators agree the best slurry for the hose is bentonite clay. Bentonite sometimes can be a little hard to come by if you don’t know where to purchase it. Look in your yellow pages under clay. If you have no luck there, try looking under Water Well Supplies or Drilling Supplies. Bentonite is used for drilling purposes and you can generally buy it by the bag or pallet. You can expect to spend between $5.00 to $8.00 per 50 lb bag. You can also use “cement” or “masonry fire clay”. You can also check with your pump manufacturer and see if they offer pump hose slurry for sale. There are a few companies that sell slurry by individual packages. One small bag for each job. It can be a little more money but some people really like it. Just remember when you use slurry, pump it into a bag or someplace other than into the concrete forms.

    I’ve noticed sometimes that the first 2 or 3 concrete hoses from the pump moves a lot while pumping. Is that normal? Yes, but try this. If you are using a smaller hose, for instance a 2 ? inch hose, start off with 25 ft. to 50 ft. of 3 inch hose and then add the 2 ? inch for the remainder. The bigger hose will relieve some of the pressure. If you are using a concrete grout pump with a 2 inch hose, try starting off with 25 ft. of 2 ? inch. If you’re really n

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