What is goodwill?

 January 19, 2010 – 03:09 pm
What is Goodwill? in Fun with Post-Its! by Laurianne Olbrisch ► ◄

Goodwill: The difference between the fair value of a business as a whole and the aggregate of the fair values of the separable and identifiable assets and liabilities. This implies that it is not possible to identify goodwill separately from the business, and this is largely because it is an intangible asset.

The definition above explains that goodwill is the value placed upon a business in excess of the sum of its individual assets; thus goodwill represents the value of the business continuing as a going concern, as compared with its assets being sold individually. However, it could be said to be more than that. All established businesses have some goodwill. Goodwill comprises business contacts, good staff relations, the right to occupy certain pieces of land, and so on. All of these have a value – the difficulty lies in placing a value on them.

Purchased and non-purchased goodwill

When a business first starts, it is either created by its owners or it is purchased from an existing business. In the latter case there will have been a certain amount of negotiation over the purchase price. The vendors will obviously seek to obtain the highest price possible, whereas the purchaser

Source: Financial Analyses

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Sewing your own clothes...?

Check out the blog called "New Dress a Day" (Just google it and it's the first one that pops up). It's amazing. It's a woman who lost her job and instead of getting mopey and complaining about it, she challenged herself to make a new outfit each day for under a dollar. She goes around to goodwills and garage sales and makes these incredibly outfits.
So, I got inspired and went out and boug...'t afford it, so I'll make my own stuff. Instead of sitting around complaining, I'm going to be proactive.
What I'm posting about is, does anyone know of any good sites that give hints on beginner's sewing and cute projects? And, to anyone who looks at her blog, are you amazed that she can take stuff that ugly and huge and turn it into things that people would spend hundreds of dollars on?

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Thanks! I'm glad you like the idea. Craigslist won't let me post pics or links yet (too new an account?) but if you want to see pictures, I do have some listed on etsy. My store name is under the same as here, clevercrafter.
I spent the early afternoon hours searching through a coulple of Goodwills and Dollar Stores. No luck at Goodwill this week, but I did find some great stickers at the...great size to use on magnet sheets. I have them cut out and now all I have to do is coat them with polyurethane. Too cold outside today though!
Still working on the button brainstorming... I need to wait until my fiance buys a drill, then find some cheap plastic plates that I can use with the buttons to make clocks. Other than that, no more ideas yet...
What are you working on today?

Upscale houston neighborhoods?

Hello!
I am planning a trip to houston in a couple of days and would very much like to hit the goodwills and charity thrift shops in the city. I find that going to the old-money upscale neighborhoods of a city is usually my best bet; however, I don't know houston at all. Does anyone have any advice on what neighborhoods I should go to? Many thanks and happy New Year!

Sensible shoes

Make sure what you *do* wear is clean, bright, pressed, and SENSIBLE. anyone who works at a preschool and community center is going to be doing a lot of running around.
and i know this might seem silly, but check out any nearby Goodwills and/or thrift shops. you never know what you might find, and sometimes a nice jacket just needs a button sewed back on and a good ironing to look top dollar. Good luck!!

Having been recently in that exact situation...

I'm not sure what they are like where you are but where I am, Goodwill has an excellent suit collection for SUPER cheap - like $8 for a jacket max. You might have to spend some serious time digging through it all to find your exact size, but it's worth it. I've seen everything from Theory pants to Wet Seal, but Banana Republic is most common (where I am). Plus, you're recycling clothes which is great for the environment!
Hopefully the Goodwills in your area have just as great a selection.

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