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.
maid service near Lake Forest ..In my 18 years of consulting I have heard it... Read More
Introduction: This article is written as a general discussion on... Read More
Summer is a time for the outdoors, for that well-deserved... Read More
Discover How Specialized Cost Containment Creates A New Win-Win Position... Read More
The start of a new year is a time for... Read More
Some marine biologists feel that the concentration of dead marine... Read More
Congratulations, you are starting a small business! You are taking... Read More
It's the dream of every person who starts a business... Read More
Let's face it, we all tend to get stuck in... Read More
Have Some Time to Yourself One of the most important... Read More
When you hear the word "success" does it bring on... Read More
One of the best ways to make money in the... Read More
Everyday, customers and business owners are bombarded with billboards, logos,... Read More
I propose this thought on the subject of Franchisee territory... Read More
Writing a business plan for a mobile car wash is... Read More
In today's fast paced marketplace it is easy to neglect... Read More
Scenario OneDuring a recent presentation, a business owner was given... Read More
What types of companies do you want to align yourself... Read More
Cash is King... That is what everyone tells us and... Read More
Data. Most people think it is a term relegated to... Read More
1. Resolve to build a consistent network system.Since referrals are... Read More
Until the day I learned to play chess I loved... Read More
Here are some useful tips on what to consider before... Read More
Are you tired yet of all the books out there... Read More
We are noticing an increase in the length of time... Read More
top rated cleaning service Des Plaines ..A tongue-in-cheek look at the skills required to operate a... Read More
If you own a mobile car washing, pressure washing or... Read More
There's been a recent rise in the number of elderly... Read More
Habit: A consistent behavior you perform so frequently that it... Read More
A consultant must remember that the business belongs to the... Read More
Until the day I learned to play chess I loved... Read More
Anyone who is serious about washing aircraft as a full... Read More
What could Seinfeld possibly have to do with marketing a... Read More
For the employees, payday is the brightest day; they finally... Read More
As you may know, there are many ways to incorporate... Read More
The resume writing service serves an important role in the... Read More
-- The One Pager Shortcut Series --People do business with... Read More
"I don't know the key to success, but the key... Read More
How do you find groups that are in need of... Read More
Remember the training programs, seminars, and workshops you had to... Read More
That's right ? are you making enough mistakes in your... Read More
One overlooked individual in the process of taking a company... Read More
Pity parties are nothing new. In fact, we do it... Read More
What would happen if you decided to take an extended... Read More
How do marine type businesses start? Have you ever thought... Read More
So it's time to invest some finances into advertising your... Read More
If you're just ramping up your small business email newsletter,... Read More
There are countless ways to save your business money. Unfortunately,... Read More
Consistency is a huge word when operating your business. I... Read More
As you reflect on this year and prepare for next... Read More
Small Business |