One of my most controversial business-buying "rules" is to only buy a business where you can be "hands off." It's the cornerstone of everything I taught at my seminars and is something I still follow to the letter today with each business I buy.
However Whitey Herzog Youth Jersey , this always begs the question of, how do you get to the point of being hands off? Don't you have to be there at the beginning to make sure everything is going smoothly after the sale?
My answer: Yes. In the beginning ONLY -- for the first two months, in most cases -? I'm talking to the manager hourly. And I'm coming in almost every day to get familiar with the company. But after that, I don't get there very often. Ideally, no more than once per year.
Now, look Lou Brock Youth Jersey , there's nothing wrong with being hands on, but if you'd like to have a healthier life, and maybe own multiple businesses simultaneously, what you should consider doing is nothing hands on. Let somebody else do it.
In fact, I tell all my mangers right in the beginning, ?Look Mike Shannon Youth Jersey , I'm a blue collar type guy. As a blue collar type guy, I don't like to work after five o?clock and I don't like to work on weekends. If you ever call me at home after five o?clock with a problem you could have solved, I will fire you at nine o?clock tomorrow morning.?
True story, I have never gotten a phone call.
And believe me, these guys love it because they're getting the run of the company. They don't have some pain in the butt owner driving them nuts, disturbing the staff and poking his nose into everything.
And besides Tim McCarver Youth Jersey , the manager has been running the company for five or ten years successfully. What am I going to do? If I don't show up, the business is going to do a lot better. So I make it a point not to contribute anything. And when you buy a business, you should highly consider doing the same thing.
According to a new market research report published by Credence Research 鈥淓nterprise Video Market (Video Conferencing, Web Conferencing, Webcast & Webinars, Video Streaming) - Growth Ken Boyer Youth Jersey , Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023鈥? the global enterprise video market is estimated to expand with a CAGR of 11.2% from 2016 to 2023.
Browse the full report at Market Insights:
Enterprise video solutions are different audiovideo communication techniques designed for collaboration that enable one-way and two-way communication. In the past several years, enterprise video solutions have witnessed exponential growth among the corporate enterprises as well as personal use. Due to rising competition amidst the businesses worldwide, the organizations seek reliable and scalable communication solutions so as to accelerate decision making and other processes. As a result, different video solutions such as video conferencing Enos Slaughter Youth Jersey , webcasting, web conferencing and video streaming have evolved over the period of time.
The enterprise video solutions market is highly driven by the rising adoption of advanced video solutions by the corporate enterprises across different sectors. Business organizations have worldwide locations making it difficult for the individuals to coordinate and communicate among themselves. Enterprise video solutions such as video conferencing enables two-way communication among the people irrespective of their location. This largely helps in saving overheads and time required for travelling. Another major factor propelling the market growth is the rise in adoption of internet services and communication technology. In various developed countries, internet infrastructure is highly developed enabling effective and reliable collaboration.
Video solutions are available both; on-premise set-up as well as cloud-based. With the rising shift towards BYOD (bring your own device) concept, business enterprises are increasingly turning towards cloud-based video solutions. This helps the enterprise communicate with their employees irrespective of their location. As a result, the market is witnessing a paradigm shift towards cloud-based solutions due to their low costs as compared to the on-premise deployment.