KNOW your business value to GROW your business value
By Dave Driscoll Growing business value should be the ultimate goal of every business owner. Actively engaging in ongoing, focused efforts to grow value is the only true way to ensure the wellbeing of the company, the customers, the employees, and the owner’s Life Beyond Business.™ So, how do you know if your plan to […]
Build Value in your Business by going fishing!
By Dave Driscoll Making preparation a priority well in advance of your actual desired departure date gives us time to enhance the value drivers of your business, while also identifying the aspects of the business that will detract from business value. The best lens to view the value of your business is through the eyes […]
Value-Building Tip: Create a Management Incentive Plan
A Management Incentive Plan builds Business Value Do you need to increase business value and create a succession plan through sale or management buyout? (Hint: The answer is nearly always yes!) Create an incentive plan to cultivate and motivate your management team to help reach the goals. Incentivize your team to the company’s bottom line […]
How can you increase your business’ value drivers?
What can you do to increase your Business Value? When it’s time to sell the business, value drivers determine the value of the business and impact the desirability and risk for a potential buyer. Great! But what does that mean? Okay. Let’s look at why and how much “value drivers” influence the selling or buying […]
Prepare your Business to Operate Without You and Increase Its Value
Take an Extended Vacation to Increase Business Value Companies that perform well without their owner present for extended periods – 60 to 90 days or more – are 50 percent more likely to get an offer to be acquired when compared to more owner-dependent businesses. There is no better justification for taking a blissful, uninterrupted […]