Building Wealth Means Growing Your Business’s Value
Building Wealth Means Growing Your Business’s Value As a business owner, it is important to understand that businesses generally fall into two main categories: scalable and non-scalable. The distinction often begins at the founding stage. Non-scalable businesses, also known as “lifestyle” businesses, are typically created to support the founder’s personal lifestyle. These businesses usually remain […]
Explaining Business Valuations
Explaining Business Valuations As a business owner, understanding how your business is valued is essential for making informed decisions when selling your business. Business valuations rely on various formulas that weigh factors such as profitability, market comparisons with similar businesses, and a “business score” that evaluates intangible assets. Valuators use these formulas and apply an […]
4 Reasons Why Exit Planning Is A Good Idea
4 Reasons Why Exit Planning Is A Good Business Strategy I believe that business owners should start by envisioning their end goal and then work backward to design their plan for “what’s next.” It is crucial to address the void that comes when “heading to the office” is no longer part of daily life. This […]
Selling Your Business Is A Marathon Not A Sprint
Selling Your Business Is A Marathon Not A Sprint In my earlier years, I had the privilege of being a high school basketball coach. Each season, our coaching team gathered to strategize for the upcoming games. Our top priority every year was preparing our team to be in peak basketball condition to handle the challenges […]
