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An Owner’s Guide to Business Succession Planning is designed to assist owners of small and medium-sized businesses as they begin to plan for ownership and management succession. As such, it contains a simple six-step process that will help business owners plan for succession, and a brief summary of some.
This is the place to come for a first look at the hottest new software. Shareware companies need your support. Beta testing is a unique opportunity to try the latest programs and provide feedback directly to the program developers.The final version of many programs is often determined by suggestions from testers like you. Shareware Junction lets you choose from a variety of these products - all in one convenient location.Win4Lin, free download. Win4Lin 5.0: Win4Lin integrates the Microsoft Windows 95/98operating environment into the host Linuxenvironment, allowing users to access both. Aug 28, 2000 Win4Lin changes all of that by treating Windows as simply another program.
The 100% open source Microsoft free alternative, WINE. Win4Lin, free download. Win4Lin 5.0: Win4Lin integrates the Microsoft Windows 95/98operating environment into the host Linuxenvironment, allowing users to.Use of this site subject to and.By Bill O'Brien has taken its Win4Lin Windows emulation product from public beta to commercial product and now, with version 3.0, to a kinder, gentler program to install. In the process, Win4Lin has lost none of its functionality or speed.
CNET and TechRepublic This article first appeared on. TechRepublic is part of the CNET family of Web sites dedicated to educating and empowering people and businesses in the IT field. Easy on-ramp Win4Lin offered a fairly easy installation prior to this new version, and now it's even easier. NeTraverse has added a graphical interface to the installation routine so that rather than having to type at the command line level, you simply point and click (see Figure A).Figure A With Win4Lin's graphical installer, you don't need to worry about mistyping long, complex commands. NeTraverse has also reduced the number of installation steps from four to three. To lay the groundwork, you first install the Win4Lin interpreter and reboot into the new Win4Lin shell, and then copy the Windows installation files from a valid Windows 95 or 98 CD to your hard disk. (You perform both of those tasks logged in as root.) Then you log on as the user who will have Windows access and perform the actual Windows installation.
The only thing we didn't appreciate about the installation for version 3.0 is that Win4Lin now has a 28-character code key that must be entered during installation, in addition to Windows' own 25-character CD key. Doing Windows As in the past, you can run Windows in either of two modes: within a window that sits atop the Linux desktop or in full-screen mode (see Figure B). The latter lets you use the keyboard shortcuts CtrlShiftF7 and CtrlShiftF8 to switch between Windows and Linux environments.Figure B Win4Lin lets you run Windows in its own window or in full-screen mode. Although Win4Lin lets you launch the windowed mode from a clickable desktop icon, NeTraverse hasn't quite conquered the display resolution problem in this mode. For instance, if you set Windows for the same resolution as Linux, option buttons on dialog boxes will likely disappear below the bottom of the screen.
At or above 1024x768 resolution, you can maneuver the dialog box within the window to see the hidden option buttons. But below that resolution, you're often forced to use the Tab key to select a button that's out of sight (assuming you know the tabbing progression). Of course, you won't have this problem in the full-screen mode, and Windows runs a bit faster in this mode anyway. We encountered only one problem when trying to run Windows in full-screen mode: It wouldn't work using Win4Lin's standard fwin & command. This entry was posted on 2/10/2018.
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Business Succession Planning ChecklistBusiness succession is a major dilemma that can cause a small family business to go under in the event that the owner dies. The problem is that without the vision or expertise of the owner, many businesses simply fail. While death is one issue that needs to be planned for accordingly, so is retirement and disability. Through the use of a business succession planning checklist, it will be possible for current businesses to have better control in the event that they are no longer able to work. Who Will Take Over?If an owner retires or dies, who will be the next person in charge? This needs to be formulated carefully to ensure that the person that will be in charge is up to the task.
With business succession, the two most prominent options are: a current employee that knows the operation well will take over, or training will be provided to the successor. In either case, there has to be a firm understanding of who will take over in the absence of the current owner.
If future problems arise, can the past owner offer some form of consulting? Establish Goals and ObjectivesThere needs to be a plan put in place so that when succession occurs, it goes smoothly. This plan will outline the basic goals and objectives of the company.
Furthermore, a person retiring should outline their goals as well so that they can successfully retire at an age that is acceptable. If death occurs, there also needs to be a clear outline of what the duty of the stakeholders will be. Through objectives and goals, a business’ operations may also be discussed so that successors can fully understand business operations. Business ValuationA business succession planning checklist must also include the business’ current valuation.
This will be the basic market value of the business as well as what assets it currently has. This is something that will be determined through assets, profits and inventory. If a family business is taken over, it may be sold if the current owners simply do not want to run the business any longer. Perhaps retirement can only occur if the business is sold. This all needs to be considered.
Exit StrategyEvery checklist must include an exit strategy that will allow the business to be taken over or transferred. This strategy will also have to include a general timeline that will be utilized so that exiting can be done in an efficient manner. All current owners or part owners must be made aware of the exit strategy that has been put into place.Estate PlanningWhen the business is transferred or sold, tax issues will need to be addressed.
This can be taken care of proactively so that there is never an issue with taxes that may affect retirement benefits. Furthermore, the property that a business is located on will need to be addressed as well. Will the future owner be taking over the property or will it be rented to them? Every last bit of planning needs to address these issues so that future issues do not arise. Transfer MethodsLarger businesses that have stock holders will need to be dealt with accordingly. If a person has a majority stake, will this be divided up upon their death or will be transferred to a family member. If this member is younger, when will they have a say in the business’ operations?
There are a lot of questions that need to be addressed with larger businesses and legal issues may arise. The best option for businesses with multiple owners is to consult with a legal advisor that can iron-out all of the fine details for a business.
Revision ScheduleSuccession planning can be altered with major changes in a person’s life. Perhaps a former spouse was listed as the successor, but this is no longer warranted. Every year, the plan needs to be revisited to ensure that when it does go into effect, everything is in order. This will also have to do with the business’ current valuation price as the price of a business will fluctuate greatly from one year to the next.Business succession is a matter that must be dealt with while an owner is in good health. The moment a business becomes viable, it is up to the owner to put a plan into action that will ensure that all of their hard work will be able to last even when they have departed from the company. If a person was to die or become unable to fill the role that they maintain in a business, there must be a plan that will allow for new personnel to take over their duties. A business succession planning checklist is the first step to ensuring that there is never an issue when you leave your business.
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