One Hidden Thing That Drives Your Company's Value You already know that your company’s revenue and profits play a big role in how much your business is worth. Do you also know the role cash flow plays in your valuation? Cash vs. Profits A Buyer must write two checks...
Month: December 2020
When to Sell Your Agency
When to Sell Your Agency You put a lot of time, effort, and money into building a great agency. You stayed focused on your goals and achieved them step by step. Now you are considering if this is the right time to cash out and begin the next phase of your life. Or,...
The hidden goal of the smartest business owners
The hidden goal of the smartest business owners Here are five reasons why building enduring value should be your most important goal, regardless of when you plan to push the eject button. Enduring Value is personal freedom As long as your business is dependent on...
3 Reasons Not To Diversify
3 Reasons Not To Diversify How does Vitamix get away with charging $700 for a blender when reputable companies like Cuisinart and Breville make blenders for less than half the price? It’s because Vitamix does just one thing, and they do it better than anyone else. You...
How and When to Sell a HVAC/Plumbing Business
Most business owners have invested considerable time and energy in their business, and the decision to sell the business can be particularly difficult. Unlike most business decisions you make, you only get one shot to get it right, so it pays to know what to expect...
Exit By The Numbers
Exit By The Numbers If you are like most business owners you will work until you reach your “number”. Many owners choose their number based on their age, or perhaps a calendar year. If these are your criteria for exiting you may be greatly disappointed when you reach...