What will happen to your business, employees, and retirement goals if you don’t get the value you deserve upon the sale of your business? Read on to know more about the effects of selling your business without an exit plan.
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 …
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 »
The primary aim of any business owner is to generate profit, but reaping the benefits of a business depends on value creation. Value creation refers to how a company increases its market value to meet the owner’s end objective (i.e., a successful business exit). The value created throughout the company’s life has to be planned well and …
Value creation is fundamental to every business, be it a company looking to grow or the one going to market. An ongoing business needs to create value for its customers, employees, suppliers, investors, stakeholders, and community. And if you are a business owner looking to sell your company, then you need to create transferable value. …
A company must create value, be it an ongoing business or one ready to sell. An ongoing business focuses on enhancing value for its customers, employees, suppliers, and investors; a company being prepared to be sold must increase its value for prospective buyers. The current market value (CMV) is rarely sufficient to allow you, the …
Value creation is not a one-person job. A company thrives with the collective support of its employees, the management team, and suppliers sharing a vision aligning the company’s fundamental goals with resources, operational structure, growth objectives, the workforce, and schedules. Sharing the vision with employees builds an effective team that works together to create value …
Each person in a company plays a role in creating value, but can you quantify how their work contributes toward achieving organizational goals? Do you know what they are doing each day to help you achieve your business goals? Business goals establish a company’s purpose and help grow and attain its financial objectives. Setting specific …
Business valuation is the process that determines the economic value of a business unit or a company. Business owners get business valuations for many reasons, such as tax planning, estate planning, exit/entry of a partner, sale value, etc. A professional business valuation is admissible in a court of law to provide proof of the company’s …
GovCon stands for government contractor, a private company producing goods and services for public government agencies. The United States government is the largest buyer of goods and services globally, spending about $200 billion on procurement. This presents an excellent business opportunity for entrepreneurs to work with the US government. Government contracts help owners expand their …
