8 Facts to Discover if you Own a Job or an Asset.
Does your Company work for you or do your work for it?
Would anyone buy my business?
The ultimate test of your business can be found in a simple question: Would someone want to buy your company?
Whether you want to sell next year or a decade from now, you must be building an asset someone would buy – otherwise, you own your job, not a business asset.
Here are eight ways to ensure you are building your Company into a true Business Asset, and not just paying for a job
1
A job requires that you show up at work to make money, whereas a company generates revenue whether you are there or not
2
If your company is so reliant on a single customer that they can dictate how you deliver your product or service, your company is more like a job than a valuable business.
3
A job is a place where your personal reputation impacts your results, whereas a company is a place where the brand is more important than the personality of the founder(s).
4
A job requires you to use your personal experience and expertise to get a result, whereas a company is a place where a process – not a person – consistently produces a desirable result.
5
In a job, you get fired for taking too much vacation, whereas if you own a company, the more vacation you can take without impacting your company’s performance, the more valuable your business will be.
6
In a job, the harder you work, the more money you might earn. In a company, the smarter you work, the more money you will earn.
7
In a job, you solve the problems. If you own a company, your employees solve the problems.
8
If the majority of your customers know your mobile phone number, it’s likely you have a job, not a company.
Measure the Value and Independence of your Business
Compare you business with how over 60,000 other companies have scored on 8 key drivers of Business Value
Ultimately if you own a Job the market determines its worth. If you own an Asset, you can better set the terms and price of its eventual sale.
If you’re not sure whether you have a job or own a business, it’s time to get your Value Builder Score.
Whether you want to sell now or in a decade, the Value Builder Score assessment allows you to see your business as a buyer would see it, and to identify how you perform on each of the eight key drivers of company value.
The questionnaire takes about 13 minutes to complete, and after you’re finished you’ll get a quick summary outlining how you performed and where you could improve the value and sellability of your company. We can then subsequently meet to go through a 27 page report in greater detail.
Get your score now at Sophiall.
True Freedom comes from Owning a Business that is Valuable, Scalable, and "Sellable".
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