Your business needs to be Sell Ready whether you intend to sell it next year or keep it in your family for generations
What does Sell Ready mean | How it impacts Value | Why Sell Ready Businesses are more profitable and make more money
(Perfect for: leadership events, executive roundtables, professional development, industry conferences and tradeshows)
Even if you want to keep your business in your family for many generations, you should run as though you are going to sell it tomorrow because you don't know what tomorrow will bring!
If selling it tomorrow you need to take the steps to maximize its value.
Do you know how businesses are valued? Have you wondered how some kids are getting paid millions or billions for a business that has no revenue? Are you struggling to get the price you want for your business even though you are working so hard?
This is your opportunity to give your work direction and start taking the steps that will drive the value of your business. Start focusing your efforts on the top 10 things that drive value. Time waits on no one, you never know when you may have to sell your business, so don't let another day slip by without starting to improve the value of your company.
However, price is not equal to value and so planning is essential to realize the best value! Finally even if you plan to keep your business in your family for generations to come, you should run as though you are going to sell it tomorrow, because you don't know what tomorrow brings.
Take Aways You Can Count On
- Because tomorrow is not certain, run your business to maximize its value
- How are businesses valued and what is the key valuation methodology
- The 3 Ps that maximize a Company's Value and Why
- Price is not equal to Value, if looking to exit, have to consider market cycles