Going Public Now That You Have Successfully Made The Transition What Do You Do

Writen by Joseph Quinones

Ok, you have successfully accomplished your dream of being the CEO of a public company. The stock of your company has a symbol and you are continually going to the computer to check the price, you tell all your relatives and friends and you even tried to encourage them to buy the stock.

You think your job is done, you selected an excellent market maker, you released an announcement to the financial news media, but nothing is happening.

If you are playing basketball and you make a three point shot do you sit on the court and admire your accomplishment or do you go back and play defense? You do not have to manage the price of the stock like so many CEO of newly listed companies try to do, instead you go back to work and use the newly acquired tools to grow your company.

As a public company now you can now approach investors and let them now that you are working hard to grow the company but if they should need some liquidity the market will provide it.

You can now go out and retain a public relations firm and make sure that the investors know who you are and where to find you. But before you do this make sure that you can afford the investors relations company, otherwise you will have to learn how to promote your company and stay within the legal boundaries as define by the regulators.

You will now be able to attract and retain more highly qualified personnel by offering stock options and bonuses. Because you will need them. With the privilege of being a public company comes added responsibility, so you must have highly competent personnel to meet the challenge. Now as a public company you have received a tool to help you grow your company. As a public company you have stock with a known market value, The stock can be use for acquisitions.

Acquisitions must be made in a prudent manner, you have to make sure that the companies have synergy and you are acquiring something of value the will make your company larger and more prosperous.

I won't mention any names but I know of several franchising companies that have acquired many different franchises some as many as 600 different franchises. But all they have done is acquired names of different known franchises because the the earnings have not improved nor has the price of the stock. These companies are trading for pennies with little or no chance for improvement since they have a ton of stock outstanding.

That is one reason that acquisition must be done prudently and selectively, and not just for the sake of getting the name of your company in the papers.

You must have a business plan and the fortitude to stick by it regardless of the critics, the business plan must be flexible enough to allow you to make changes when necessary. This plan must be in writing and available to potential investors. If you approach investors without a business plan you will have a difficult time trying to convince them that you are offering a good investment.

A business plan shows investors that you know what you are doing and where you want to take the company. A lack of a business plan indicate a lack of direction, some entrepreneurs are big dreamers but their plans tend to swing all over the place causing them change direction every other week.

Begin by designing a strategy for the future, taking into consideration what you want to accomplish after you take your company public. If you have a plan your chances of success will be greatly improved.

By being successful from the beginning opportunities will present themselves almost immediately and give you a head start on the competition.

If you are thinking of going public visit our website: www.genesiscorporateadvisors.com

Joseph D. Quinones, President of Genesis Corporate Advisors has spent over 25 years in the securities industry. In 1992 he founded JDQ Financial Group, Inc. and proceeded to build it up from a one man operation to the point where it employed many traders, advised numerous client and generate millions in revenues.

A Day In The Life Of A Self Employed Professional

Writen by Caroline Jordan

It's Monday morning and Connie the Consultant sits in her executive office chair overseeing her business empire. Her desk is strewn with half finished projects, several weeks worth of to do lists (none of them completed), scribbled post it notes, and a permission slip for her daughter's field trip to the Planetarium that should have been turned in last week. Somewhere, buried deep in the rubble is Connie's business plan. The last time she saw it was during the Clinton Administration.

The phone rings. She checks her caller ID and groans. It' Dee Dee Demanding calling again, wanting to make one more change in the project that should have been wrapped up a month ago. Connie scribbles Dee Dee's current list of demands on yet another post it note. She hopes this will be the end of the changes so she can finally get paid for the project. She sure won't be making a profit on THIS project.

Connie picks up the Joann Marden file to find the notes from their last meeting. She looks through the entire folder twice—no notes. She starts to dig through the stacks on her desk muttering, "I had it in my hand, where did I put it, I just saw it, where can it be?"

The phone rings again. This time it's a telemarketer wanting to sell Connie a vacation trip. Connie laughs and says, "No sense calling me, I'm self employed. I don't get vacations."

She thinks back for a minute to when she became self employed. She actually believed she'd be able to take time off whenever she wanted to. What a joke! Every time she thinks she can get time off, something comes up with one of her clients. Or the check she was expecting to receive didn't come in. Or, she didn't dare spend money because she didn't have any new projects lined up.

Her email dings and she stops to check the new message—a notice that her online credit card statement is ready. She clicks through and signs in. She sits back stunned, "I spent HOW MUCH?! Shaking her head she goes back to work looking for the notes from the meeting with Joann Marden. Instead she finds the estimated tax payment that she should have sent in a month ago. She groans and checks the clock. It's nearly lunch time and she's accomplished nothing so far.

Another email comes in. It's a newsletter from a small business expert telling her she needs to work "on" her business, not just "in" her business. "Yeah", she says, "I've got all kinds of time to learn about working "on" my business. Right after I find the Marden notes, make the umpteenth change on Dee Dee's project, and get these proposals done that have been sitting on my desk for three weeks."

She hits the delete key and goes to lunch…

Caroline Jordan, MBA helps self employed professionals find the cure for "business as usual". Visit http://www.TheJordanResult.com for strategies and resources to help you Get Knowledge. Get Focus. And Get Results.

Corporate Minutes Book Has More Value Than You Think

Writen by Don Monteith

One day your LEGAL COUNSEL is going to ask you for a copy of your Corporate Minutes Book when you don't expect it.

If you have forgotten to keep it current, letting it collect dust on the bottom shelf, then don't be surprised if you suddenly find yourself in deep trouble.

EVERY new corporation is required to have documentation about how the company is going to fulfill it's mission. All changes, i.e. annual salaries; bonuses; etc. are supposed to be recorded.

Now, I know you're going to quickly reach in the TOP drawer and pull out the corporate minutes book. All executives keep this document UP TO DATE and you should, too. You're the exception rather than the "rule" in corporate America.

TRUTH? Most Corporate Minutes Books sit on the bottom shelf without any annual entries about changes made or new directions in the firm... UNTIL... some legal issue arises which demands immediate review and usually lots of catching up with the details.

RECOMMENDATION to YOU

Keep your Corporate Minutes Book current. Your own legal counsel should be sure that you are keeping these records in good order. It's very difficult to GO BACKWARDS trying to FIX something after the fact. Do not consider this activity as a waste of your time. It can pay huge dividends in years to come when this record book is maintained properly.

Let me give you a REAL-LIFE example. One day I asked my attorney what it meant to be the President of a corporation, or the CEO, or the Chairman of the Board. He said, "whatever it says in the Corporate Minutes Book" and that's the reason you are reading it here. Our CMB said nothing!

If you own 51% of the corporation you can make it mean whatever you want it to mean. However, if you own 25%, 42% or 50% ownership of the company then unless you have spelled it out in the corporate minutes book it can turn on you in a surprise attack from the other owner/s.

In most large firms, the "pecking order" in decision making powers are Chairman; CEO; President. In many, all 3 titles belong to the same person and allows for ease of operation control. However, the details of authority MUST BE SPELLED OUT in the Corporate Minutes Book.

Never think you can just "wing-it" or "forget-it" because this is just another bureaucratic requirement of the same Government that wants to control your business. It's in your best interest to do what the law requires.

MARK YOUR CALENDAR

Every year, follow the plan. Pay your taxes when due and file business returns as required. Meet with your legal counsel - bring the Corporate Minutes Book current - with all salaries, bonuses, new directions, new positions, etc. recorded, dated, signed, sealed, and delivered in writing for your personal and corporate security.

Lesson Learned: NEVER run your business from the "hip" as some often do. Understand the legal; accounting; insurance coverages; taxes; etc. Operate your business professionally for your future benefit and success.

Don Monteith spent 32 years as co-owner of several franchises and a personnel/staffing business. Every year, his firm placed hundreds of job candidates in their dream job. Today, Don shares his business and career expertise through his newest websites on the Internet. Lots of FREE ideas - suggestions - ready for your perusal and study.

http://www.Career-Coaching-Central.com
http://www.HowToGetYourDreamJob.com