“I’ll figure it out when I’m ready to retire, which is the day after never.” That is the response we get from small business owners when we ask how much their business is worth. Having the information needed to prepare adequately for retirement is just one of the many benefits to a business valuation.
Read MoreSome of the most successful entrepreneurs can be equally good at being both doers and dealmakers, and most business owners have a little bit of both personalities, with a tendency to tilt in one direction or the other. However, problems occur when you lean too far in one direction.
Read MoreHow do you avoid not being disappointed with the money you make from the sale of your company? In reality, the only valuation technique that will ensure you are happy with your exit is for you to place your own value on your business. What’s it worth to you to keep it?
Read MoreHow do you know the right time to sell your company? One answer to this age-old question is that the time to sell is when someone else is willing to invest more in your business than you are.
Read MoreImagine a dart board with a bull’s eye and around it is a series of wider and wider circles. The bull’s eye is where the people just like you hang out. They are usually your first customers and raving fans. The further you go outside of your bull’s eye, the less these prospects feel your exact pain.
Read MoreThe value of your business comes down to a single equation: what multiple of your profit is an acquirer willing to pay for your company? Focusing on that will help grow your company value, improve your profit and redeem your freedom.
Read MoreIf you’re wondering what your business might be worth to an acquirer, there is a simple calculation you can use. Build or Buy? The key is having something that is difficult to replicate and building on your competitive point of differentiation.
Read MoreHave you ever considered making it your goal to set up your business so that it can thrive and grow without you? A business not dependent on its owner is the ultimate asset to own.
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