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Many business owners don’t start out with a plan to sell their business, and even those that do, often fail to take a few simple steps which can help increase the asking price. This week’s guaranteed-under-two-minute-read has some tips to build value into your business and keep you up to date with emerging trends.

Article of the week
A key question you should ask yourself right from the start is “Who’s going to buy my business?” Richard O’Brien outlines some potential options and gives some useful pointers.

Also popular:
Are you gambling with your business’s trademark on social media sites? Theodore Ducas warns that if you are not quick you can

lose control of your brand online.

Tip of the week
For many small and home business owners, the owner “is” the brand. If you want to build value into your business and eventually sell it, one of the things you need to do is to create a clear distinction between the business and yourself. Using your own name in the business brand may not be a great idea in this case, and the more you think of and treat the business as an independent entity the easier it will be to achieve this separation.

Hot spot of the week
If you haven’t heard about Google Wallet yet, you soon will. We think it’s worth keeping an eye on developments, both as a merchant and a consumer. It’s one of several competing initiatives about to radically change the way payments are made and it’s not currently available outside the U.S., but we expect with Google’s driving force behind it, it will evolve fairly fast.  There’s a more indepth analysis here.

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Freebee of the week
Do you know what your business is worth? You could try this online calculator, or this one. Of course, they are only indicative but it’s interesting to try tweaking some of the variables and see how these changes affect the result.

Quote of the week
Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.
- Benjamin Franklin

Wishing your success and fulfilment!

Heather and the Bizbuzz Team

PS If you enjoy Bizbuzz and our newsletters, we’d love you to vote for us as your favourite small business web site in this year’s Netguide Awards.  Thanks!