Building and selling a business requires two types of discipline: 1) Focusing on your niche to build an independent, scalable and successful company, and 2) Focusing your actions and decisions on those that build the most valuable and least risky asset. The type of asset a future buyer would pay the highest money to acquire.
Before looking to sell your business, have you considered the mental, financial, and business readiness that will determine if you get the full price, half or nothing?
After a frustrating low valuation, Laura Steward executed a simple 3 step program to introduce recurring revenue and step back from day to day sales. As a result, she sold her company two years later for 4x the original valuation price.
After doing the hard work of winning customers, how you onboard them will determine if they stick around.
Forgetting or overlooking cash flow is not only a risk to the viability of your business, but can often reduce the value of your business. Instead if you can drive up your cash flow you will often drive up the value of your business and reduce your stress in the process.
Many owners had to take on too much at their own businesses during COVID. This article shows 3 steps you can take to get your life back.
8 facts to help you determine if you own a business or an expensive job. if you own a business than you own an asset that others might want to buy from you. If you own a job, than most likely your business ends when your self employment does.
The Music Industry Illustrates the sometimes exponential value of owning a unique brand. Artists like Bruce Springsteen who own their name, Amazon who owns their distribution experience and Peloton who owns a unique community all illustrate how these unique aspects drive up their respective values.
If you are a business owner you will often have to “fire “yourself from the day-to-day grind of your business so you can truly unlock the value of your business.
To Grow the Value of my Business requires more than just increasing profits. It requires me to optimise my business on the 8 key value drivers a potential buyer would look at.
Use the art of bundling both your expert and general services to capture customers, build their lifetime value, and drive up the value of your business.
Despite having no grapes, vats or wineries of their own – nor experience in the industry – Michael Houlihan and Bonnie Harvey were able to create, grow and sell Barefoot Cellars for millions. 15 lessons they shared from this experience are listed below.
As you know, it is far easier and efficient to cross-sell a new product to an existing customer than it is to market and find a new customer for that product.
If you are looking to just grow your top line revenue, then cross-selling is a very effective technique.
However, you do have to be mindful as to the extent of your cross selling and how it affects your revenue diversification. In some instances, if you cross-sell your existing customers too much stuff, it could make your business far less valuable.
Amazon Prime is arguably one of the most successful examples of a company transforming its repeat customers into repeat business subscribers on the planet.
Not only did the average customer life time value (LTV) more than double, the the success drove tens of thousands of non Amazon customers to subscribe and engage with the company off the bat as repeat subscribers.
As Amazon knew (and clearly illustrated) repeat business drives the value of a company, but not all repeat business is the same.
“I wasn’t being strategic, I was going through a divorce!”
Divorce often sinks a company but John the owner was able instead to transform his company into an independent asset. Today he works 90% less hours, his company is growing, and he enjoys the business much more.
is your business independent or does it own you?
10 Questions Often Asked When Looking to Sell Your Business One of the most intimidating aspects of selling your business can be facing the barrage of
Wisdom is not the same as Intelligence or even technical knowledge. Thousands and tens of thousands of very smart business owners were technical experts at what they produced and should have had business success, but their companies lie in unmarked graves across the economic landscape.
Lack of market demand is the primary reason provided for many start ups failing, but that does not fully explain why 50% of SMEs fail within five years.
“Prepare the business for a sale even if no intention to sell currently or in the future”
Why ? Because if you are preparing to sell from now (even if you do not intend to actually bring the business to market anytime soon), you will position your business to provide you multiple options when it does come to exit. That can mean passing along a well-functioning business to your children (instead of a lemon that prematurely ages them as they struggle to deal with its inherited issues and problems), selling your business at a premium (due to multiple and/or strategic buyers) or other options in between (minority sell off, etc)
Why did you decide to become an Entrepreneur? If you’re like most owners, you aspire to have the freedom that comes from owning your own independent business. This desire for freedom often leads owners to aspire for a bigger business, which they think will give them what they want. Unfortunately, most owners who strive for more revenue or profit as their primary goal often end up with less freedom as slaves to the day-to-day grind of their business.
There’s an alternative to get you closer to what you want..
Excellent Service drives up the value of your business. In this article I illustrate how Amazon solved an AED 1,835 issue for me that generated over AED 400,000 in business value for them. It’s a formula (excellent service – repeat customers – high multiples) they practice again and again.
The Major Blind Spot Blocking Business Value “…Do not think you are wiser than you really are” (Romans 12:16) I wrote an article last month
Financial Freedom – “You Proofing” Your Business In a previous post, I spoke about the Freedom Point and the risk in holding on to your
Are you Achieving Financial Freedom through your Business? When did you last calculate how much of your net worth is tied to your company’s value?
Have you struggled to identify a recurring revenue model that will work in your business?
If so, you’re not alone.
Most owners understand the benefits of recurring revenue, such as predictable cash flow and an increase in their company’s valuation, but struggle with where to start. Just changing your pricing from a one-time transaction to a smaller, recurring fee does not make a sticky subscription model.
Chasing all types of revenue by offering a wide array of products and services is common among growth companies. The easiest way to grow is to sell more things to your existing customers, so you just keep adding adjacent product and service lines.
However, there can be two drawbacks: First, you offer a wide range of products and services without any deep expertise in any of these products and services.
Second, a wide range of products and services can just confuse your customers and lead them to look elsewhere.
Should you Sell your Business Now? 5 Reasons why 2021 might be the time you look to sell your business Have you been thinking about
How practicing Situational Awareness adapted to your business can protect you against the unexpected as well as increase your business value.
Ever feel like your business owns you instead of the other way around? That it’s the mistress coming between you and your family?
One of my clients did. Stuck in the grind, drowning in spreadsheets, and unsure if his business could ever thrive without him.
Fast forward a few months, and his weekends look very different now.
Curious to see how a single happy hour can help make it happen?
Is your business ready for the future? Or are hidden red flags keeping it from becoming the sellable, scalable asset you envisioned?
Our latest infographic breaks down the 5 biggest risks that scare away buyers—like owner dependence, messy financials, and lack of a growth plan.
The good news? These issues can be fixed. And when you address them, you won’t just create a sellable business—you’ll also enjoy more profits, more freedom, and the lifestyle you dreamed of when you started your business.
Reserve a spot through the QR code on the infographic if you are in Dubai on 4 December 2024 and wish to attend our Business Value Happy Hour.
Michelle was running a successful business, but something was keeping her up at night. It wasn’t cash flow or competition—it was something deeper.
When she walked into my office, exhausted and overwhelmed, she told me, “I built this business for freedom, but now I feel trapped.”
What happened next changed everything—for her, her family, and her business.
Read on to find out how she reclaimed her life.
Too many business owners are stuck chasing shiny objects and quick wins, much like the unhealthy habits that keep people from building real relationships.
What if the distractions you’ve surrounded yourself with are keeping you from the exit you deserve?
There’s a reason some owners succeed while others struggle to sell.
And a strategy you can follow to keep away from “gonzo” marketing that distracts and ultimately sets you up to fail when it’s time to exit.
What happens when you’ve built a successful business but potential buyers keep walking away?
It’s a fear no business owner wants to face—but for many, it’s a reality they don’t see coming.
I recently received an email from an entrepreneur in this exact situation, and it’s a wake-up call for anyone thinking about selling their business in the next 3–5 years.
Here’s what you need to know before it’s too late.
When clients come and learn about how to make their business sellable their lives change. I’ve seen it repeatedly and which is why I’m hosting a happy hour focused on helping you gain the insights you need for a successful exit down the road. Pre-Registration is open.
Imagine this: a house hears it’s up for sale—and chaos breaks loose. The roof vanishes, the fridge heads to the pub, and even the walls start negotiating elsewhere. Sounds crazy? Maybe. But what if something eerily similar happens when it’s time to sell your business?
This story might just change how you think about the future of your business.
Looking for quick, powerful insights on what investors really want in a business?
We covered it this week, and these game-changing lessons continue to surprise business owners.
If you’re thinking of selling one day, ask yourself: are you prepared with answers that will make investors sit up and take notice?
Or are you leaving the hard questions unanswered?
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