9 Warning Signs Your Business Is Too Reliant On You
If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of a traditional Christmas-tree-like organizational chart, or are you stuck in the middle of your business, like a hub in a bicycle wheel?
Your Next Big Move: Interview with Greg Boyer
How to Plan for Your Business Exit – Zoran Sarabaca interviews Greg Boyer on the show “Your Next Big Move”. Zoran has been on the Board of the Australian Institute of Business Brokers and is the owner Xcllusive Business Sales. In this podcast, Greg will share nuggets of wisdom about business exits with Zoran
Transferable Value: What is It and Why is it More Valuable than Profit?
Transferable value should not be confused with profit. Just because your company brings in millions of dollars of profit each year does not necessarily mean it has transferable value. In this article, we shall discern transferable value and how it can be even more valuable than profit.
Deal Killers: Catch them before they destroy your future
Preparing your business for a successful future often goes hand in hand with organising your business for a successful sale. So you should focus on catching Deal Killers no matter whom you sell to—and even if you believe you’ll never sell your business
3 Ways to Weatherproof Your Business from the Recession Ahead
As whispers about a recession grow louder, business owners are taking stock of what to do next. Let’s examine three ways you can make your business more recession-resistant.
Building Value is Your BIG REWARD from Master Planning
At some level, all owners understand that they will someday leave the businesses they have created. Let’s assume for a moment that you leave your business permanently tomorrow. If you are an Inconsequential Owner, your exit will have no impact on the business, and that’s good for business value.
Master planning is a process you can use to transform yourself into an Inconsequential Owner … for your sake, your family’s sake, and your business’s sake. While perhaps not the most flattering label, becoming an Inconsequential Owner not only increases your business’ value but also probably aligns with what your friends and children have been calling you to do for years!
Protecting What You Care About: Your Business, Employees & Family
You’re probably the breadwinner for your family. Your employees rely on your leadership and success for their livelihood. A lot of people depend on you. What would happen if, without warning, you were to die or become incapable of running the business? This article shows how good planning can position your business, employees, and family to thrive without you.
Successful transition planning starts MUCH EARLIER than you think!
Many business owners believe they have plenty of time to create a successful plan for the future of their businesses. But, unfortunately, most of the time, they are wrong.
I love my business, so why PLAN to LEAVE it?
When you carve out a comfort zone within your business, you might question why you would want to plan to leave your business at all. In this article, we’ll look at a few reasons why owners who love their businesses should still make plans to leave.
How much MONEY do you REALLY NEED from selling your business?
When tackling the question, “How much money do I need when I leave my business?” many owners answer: “I can live on a lot less income once I leave the business”. Maybe they can. Maybe they can’t. Here are some factors for consideration before finalising financial goals.
How To Make Your Business More Valuable WITHOUT YOU
Working hard is admirable and necessary for success. But it’s wise to make yourself nonessential to enhance business value and deliver future wealth.
How to fund New Products + increase Business Value
Here’s a savvy strategy to get customers to fund your product development whilst enhancing the value of your business …
8 Strategic Ways to Successfully Exit Your Business
According to Paul Simon, there are 50 ways to leave a lover. Not being as creative as Mr Simon, I’ve got 8 ways for owners to leave their businesses. If done strategically and on time, they can be the foundation of the owner’s successful exit.
Why only 5% of business owners SUCCEED and 95% DON’T
The findings point to a stark realization that, for most business owners, extracting maximum value for their largest wealth asset (their business) and transitioning out with success may not be rooted in reality. Let’s look at these alarming statistics in more detail …
How much time do you really have left?
If you think there’s plenty of time left to exit your business and live out your golden years, think again! This vlog shows how to calculate the real time available to live out your next chapter of life …
How can FROGS drive up the value of your business?
Unless you own a pet store that sells these cute amphibians, the answer to that question is not immediately clear. But it’s true, FROGS can drive up the value of businesses in all industries! Read this article to find the answer to this unusual question …
5 Ways to Get Your Business to Run Without You
Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it your primary goal to set up your business so that it can thrive and grow without you?
A business not dependent on its owner is the ultimate asset to own. It allows you complete control over your time so that you can choose the projects you get involved in and the vacations you take.