by George Sotiropoulos | Nov 20, 2024 | Business Value, Dependency on Owner
This email came to me the other day.Hi George,I’m in my mid-50s and have been running a successful, profitable business for over 20 years. It’s been good to me—helped put my kids through school and given me a comfortable life—but now I’m ready to sell it and...
by George Sotiropoulos | Nov 19, 2024 | Business Value
What if a Happy Hour Could Lead to Your Dream Exit?A client of mine once came to me feeling stuck. Their business was doing well, but they were overwhelmed by the day-to-day grind and unsure if they were truly building something valuable. They knew they wanted to step...
by George Sotiropoulos | Nov 18, 2024 | Business Value
My house stands as a shell and core.30 years of memories in that house and know it’s just an empty shadow of itself.The carpeting is ruined because it rained last night and the roof was not there anymore to stop the house flooding.Mud and grime everywhere and even the...
by George Sotiropoulos | Nov 15, 2024 | Business Value
Hi,Just wanted to share some quick Q&A on what investors look for in your business and how you can get ready. Q: “Do my years of hard work add value to my business in an investor’s eyes?”A: Unfortunately, no. Investors look at potential — how the business will...
by George Sotiropoulos | Nov 14, 2024 | Business Value
Business owners often ask me how their business is valued.I answer with a simple story.Imagine I’m holding an auction for a promissory note that could either pay you $1 million in a year or nothing at all.How much would you bid for this promissory note?Most...
by George Sotiropoulos | Nov 13, 2024 | Business Value, Dependency on Owner, Scaling the Business
My parents were friends with “Uncle Ted” and his family, whose kids were the same age as my siblings so we hung out a lot.Ted was a success story in the United States.As an immigrant he worked hard, started his own business and became a successful manufacturer of...
