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Mark Daoust
Attended Franciscan University of Steubenville
Lives in St Paul, MN, United States
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Mark Daoust

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How Clean Financials Actually Improve Your Website's Value.

It might seem overly simplistic, but how you present your website's financial statements actually has an impact on its value. Clean, well organized financials improve your value while disorganized, messy financials can crush its value.

When building clean financials, there are three principles to follow: separated, detailed, and verifiable. This article explains more.
There is a lot more to your business than just its financial records and performance, and buyers want to know about your entire online business before investing in its acquisition. They’ll ask: “Does this business excite me?” “How easy will it be for me to run it?” “Can I grow it?”...
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I was about to contact you to see how the outline is doing, and if there is anything I can do for you at the moment :-)
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People often tell you to "do what you love", but is this good advice? Amanda Raab says "Not necessarily". You can try to search and find a business that you are passionate about, or you can build businesses that allow you to live a life pursuing what you are truly passionate about. The difference, in her opinion, is significant.

So forget the niche for a bit, and start focusing on whether you can work "on" your business instead of "in" your business.

http://buff.ly/1ABebgh
Some people want to work in a job that they are passionate. Others buy lifestyle businesses to be passionate about the rest of life. Which do you want?
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"Taxes, death, and childbirth! There’s never any convenient time for any of them." Taxes are unavoidable when you sell your online business. Planning for your tax liability can significantly reduce how much you have to pay when the time comes.

In this blog post, I talked to Jeff Hawywood, CPA and asked him 5 questions about taxes on the sale of an online business.

Do you know how to allocate the purchase price to reduce your tax liability? How much do you pay on a financed portion of the sale? These and other questions are answered...
Death, taxes and childbirth! There's never any convenient time for any of them. How should you plan for the taxes on the sale of your online business?
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I recently wrote a piece of Search Engine Journal on 19 lessons I've learned about selling websites. The list is a bit random, and I'm sure I missed some. Any that you can think of?
For those who are looking for ways on how to sell their websites, this post is for you.
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How good is your due diligence system? Next Tuesday at 2pm EST we will be covering how you can develop and improve your due diligence system.

http://www.quietlightbrokerage.com/webinar/
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Mark Daoust

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Forbes takes a look at 5 innovations that will transform the 10 years in ecommerce. Find out what to expect! http://onforb.es/1zqezP2 #innovation #ecommerce
I recently spoke to etail expert Michael Ross, chief scientist at eCommera, the software-as-a-service and big data company, about how ecommerce will evolve in the next decade. The changes will be subtle, but marked; here’s what he had to say: 1) Big data will be better used and businesses will be [...]
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Thanks for sharing this -- interesting.  I am especially intrigued by #4: "Individual consumer value will become the central metric for ecommerce companies’ strategic development; how much are they worth? How many customers at this value do I need to grow my business? What can I learn from my relationship with them and apply to other customers?" I can see this evolving in interesting ways, e.g., people with disposable income investing in "cloaking devices" to cloak their purchasing habits -- maybe even something as simple as hiring an individual or company to make all their purchases for them.
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Are all brokers misrepresenting their client's financials? +Bryan O'Neil wrote an article yesterday to that effect. Today, I wrote my response...
There is a debate in the online brokerage industry about how brokers should account for an owner's time and compensation when selling a business.
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Kris Jones has lived the entrepreneurial dream: he started a business, struggled, pivoted, and built an Inc 500 and eventually sold his business for millions.

Fortunately for us, he wrote a great piece in Inc magazine in which he lays out 10 lessons that he learned. I loved the article. There were 3 lessons that really stood out, however: 
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Sometimes the things that we dread doing the most are things that we find boring. Yet every business has areas that aren't "fun". How do we challenge ourselves to face these 'less-than-fun' aspects of our business? What value does it add to your business? 

What are areas of your business that you have found difficult to embrace? How have you overcome that dread of facing them?

http://www.isoosi.com/blog/three-ways-embrace-boring-add-value-site.html
Before you sell a website, you must be able to demonstrate its value, and much of that comes from less-than-glamorous tasks that make a site better.
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Wow, surprised to hear that elance and odesk are merging. I've used both but settled on odesk recently. 
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Have him in circles
86 people
Dharam Chaudhari's profile photo
nawar hussein's profile photo
Ace Chapman's profile photo
Ralf Schwoebel's profile photo
Damien Trevatt's profile photo
Mark O'Neill's profile photo
Eric Stockton's profile photo
John Fleckenstein's profile photo
Elizabeth Edwards's profile photo
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St Paul, MN, United States
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  • Franciscan University of Steubenville
    business, 1996 - 2000
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