Every business has strengths and weaknesses, even those that seem like they have it all together and dominate the market. Unfortunately, even though it is essential for every business to identify its strengths and weaknesses, not every business owner takes the time to do it. Identifying strengths is often easy, but admitting weaknesses is more …
Companies regularly sell for much more (or much less) than their perceived fair market value. Knowing the difference between price and value is critical in driving to a successful exit.
There are two main ways to determine a company’s value – fair market value and strategic value. Both strategic and fair market value determine a company’s value, just based on different factors and criteria. Both strategies require willing buyers and sellers, but the methods have different meanings beyond that. You might wonder why there would …
Fair Market Value vs Strategic Value: How Do They Compare? Read More »
Profits result from value. The focused process by which a company concentrates on creating value for its consumers while also profiting from increased revenues is called value creation. As a business owner, you are already burdened with numerous responsibilities. Perhaps, you can do it alone, but can you do it all while still having time …
The process of exit planning motivates business owners to increase the value of their business in preparation for selling the business. Increasing the business’ value entails a value creation plan.
Do you know that a company without transferable value is worth very little? So, what is transferable value and how can you build it in your business?
If you are considering the idea of selling your company, then check the following value-driving factors and take appropriate measures.
Being an entrepreneur is like taking a leap of faith by jumping off an airplane from 35,000 feet and learning mid-air how to open the parachute so that you can land safely on the ground. Your fate depends on whether the parachute opens. Training or assistance in opening the parachute offers a much higher probability of …
Without determining the owner’s goals, a business transition is bound to go awry. Therefore, a clear vision and mission are essential when planning your client’s exit. Over the years, the business world has witnessed numerous successful exits and some forced and unsuccessful ones. A forced sale happens when the owner is not ready but has …
All business owners have two defining events. The first is establishing the business and making it successful. This mammoth task requires planning everything related to the business. They also need to track the value created by people and the activities that create value for the business. The second defining event is their business exit. An exit is …
