Business owners can gain great negotiating power by maximizing the value of their business long before taking it to the market. The key to improving business value is to understand what buyers look for in a company.
“A man who does not plan long ahead will find trouble at his door.” – Confucius, Chinese philosopher. Many believe that plans rarely work, particularly when everything changes rapidly in today’s fast-paced world. On the other hand, when developed ahead of time, proper plans assist leaders and organizations in completing projects, achieving their objectives, and …
We search for the term “value” in the connections we form, the things we buy, the work we want to do, and every individual we hire. Even the most precious object will not sell if the customer does not recognize its worth in terms of design, appearance, and feel. Likewise, political, philosophical, environmental, and other …
Why You Should Make Value Creation a Top Priority Read More »
You’ve been working hard to grow your company, but do you feel your effort is in vain? The reason may be a lack of focus on the right things. A value creation focus is one of the most effective techniques for success. This requires objectivity. Objectivity means you need to be aware of your values …
How to Be Objective as an Owner (what REALLY matters) Read More »
Businesses seeing the importance of intellectual capital strive to create methods to manage and assess this critical resource. They link their intellectual capital performance to their bottom line outcomes. Intellectual capital refers to the intangible resources (resources, competencies, and competencies) that drive corporate performance and generate value. However, traditional financial measures do not reflect the …
A company starts with the motive to earn profits but becomes successful when it creates value. In an ideal scenario, a business creates value for customers, employees, suppliers, and investors. Creating value for each of these stakeholders produces great success. A business that creates value for just one stakeholder group and ignores the others will not …
How Does Value Creation Lead to Business Success? Read More »
A “red flag” in business exit planning may help when promptly identified and rectified. Identifying these alerts in a timely manner may aid you in building your company’s value. Exit planning has the power to change your company’s dynamics. It helps build business value and prepare the company for its eventual transfer of ownership. However, …
Here’s the truth: selling your business requires time and clarity. Many entrepreneurs of early-stage businesses are caught off guard by the lack of a defined exit plan because they’re focused on building a scalable, profitable business and not thinking about selling it or even planning their exit. A complete exit strategy covers all aspects of …
It’s Never Too Early to Think About Your Exit Strategy Read More »
Have you begun your value creation journey? Value is the backbone of a business. Without it, your unique offerings may be just another commodity in the market and the eyes of customers and investors. Not only must a business create value for its customers but also its stakeholders, employees, suppliers, and investors. Value creation converts …
“Selling a business successfully requires a great deal of planning, which owners often underestimate. Before pursuing a sale, it is important for business owners to not only have a view on the value of their business to potential buyers, but also an understanding of how that price applies to their personal needs post-transaction.” – Stewart …
