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

Three Rivers Press Loving What Is: Four Questions That Can Change Your Life
Book (Three Rivers Press)

You might also like:

Good Will Hunting - Its Not Your Fault
Good Will Hunting - Its Not Your Fault
What does GOODWILL EASTER SEALS do? We prepare people for work!
What does GOODWILL EASTER SEALS do? We prepare people for work!
[Great Movie Scenes] Good Will Hunting - Park Scene
[Great Movie Scenes] Good Will Hunting - Park Scene

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?

Todays activities

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?

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.

PatentBridge to Sell Patent Extending Retirement Account Duration  — MarketWatch
MENLO PARK, Calif., Jun 26, 2012 (BUSINESS WIRE) -- PatentBridge LLC, the preeminent Silicon Valley patent broker since 2003, is pleased to announce that it will be selling Patent 8055566, covering a unique solution to one of the greatest problems …

InterDigital's CEO Hosts Investor Conference (Transcript)  — Seeking Alpha
The way I think about it is we are selling patent assets and those would be subject to any existing encumbrances and those encumbrances are associated with license agreements revenue from which we would retain. Charlie Anderson - Dougherty …

Vintage What is the What
Book (Vintage)
Thomas Nelson Heaven is for Real: A Little Boy's Astounding Story of His Trip to Heaven and Back
Book (Thomas Nelson)
  • Heaven is for Real: A Little Boy s Astounding Story of His Trip to Heaven and Back
  • Todd Burpo (Author), Colton Burpo
Oxford University Press, USA What Is Mathematics? An Elementary Approach to Ideas and Methods
Book (Oxford University Press, USA)
McGraw-Hill What is Lean Six Sigma
Book (McGraw-Hill)

Related posts:

  1. What is Goodwill Law?
  2. What is Goodwill Asset?
  3. What is Goodwill Select?