by George Sotiropoulos | Sep 5, 2024 | Business Value, Dependency on Owner
Hi,Can you imagine finding out your business is worth less than the cup of coffee you had this morning?Sounds crazy, right?But for many business owners, this could be a harsh reality. You might be pouring time, money, and energy into something that, on paper, won’t be...
by George Sotiropoulos | Sep 4, 2024 | Business Value, Dependency on Owner
Frank owns a service business that he built over 10 years into a 7-figure business.Married with kids things were thriving as he turned 40.He had education funds set up for his children, life insurance, and the whole nine yards.His wife, Sally, who was in her early...
by George Sotiropoulos | Sep 3, 2024 | Business Value, Dependency on Owner
“So my accountant tells me companies in my industry go for 8x the net. That means I can probably retire in the next 12-18 months.I’m profitable and the business has treated me well.. Heck paid for my three kids and their schoolingSo tell me how much do you think I’ll...
by George Sotiropoulos | Sep 2, 2024 | Business Value, Dependency on Owner
Hi,As a heads up, this was an emotional post to write and it is slightly longer than usual, but please take into account its lesson..This past Thursday night Johnny Gaudreau, a professional hockey star in the NHL and his brother Matthew, also a professional player...
by George Sotiropoulos | Aug 30, 2024 | Business Value, Customer Experience, Scaling the Business
This week we have been talking about Caroline and her PIA (Pain in the A**) customer Susan and how Caroline finally had enough and fired Susan – even though Susan was her #1 client.Many business owners would recoil at Caroline’s action.No way they could just fire...
