Business Owners
If you’ve ever said, “This place can’t run without me,” you’ve got a problem.
Business Strategy
Business strategy is about having the right people working on the right things for the right markets. Most business owners have their focus “in” their business, but not “on” their business. What drives value? Oversight and accountability help business owners make sure they are doing the right things.
Enterprise Value Enhancement
Business value can be driven by specific factors. Product mix, client/customer mix, processes, profit drivers, and other factors drive enterprise value. Do you know what those drivers are in your industry? How do you compare to similar businesses? Whether the company stays in the family, or whether you have goals to make an external sale, business owners need to understand the valuation drivers and have a process to enhance the valuation.
Exit Planning
Like death and taxes, you will inevitably leave your business. What’s the plan? Do you have a plan? What drives valuation? Will the shop run without you? Do you have personnel that can continue to provide long-term value that will attract buyers? As a business owner, are you personally ready to step away? We walk through these questions to help you develop a method for answering these questions and plan for this transition.
