Building A Business To Sell: 6 Ways To Get It Right From The Start
Gavin Gibbons
Private Investor | Adviser & Partner On Scaling Your Business To Exit | Mergers & Acquisitions | Managing Partner at Next Level Ventures
Deciding to build a business to an exit, will shape your decisions from day one.
But it's easy to get distracted along the way.
And years of your life can pass, where you continue exchanging your time for income, Rather than achieve a payday event, allowing you to achieve much greater financial freedom.
Like I say, it’s all too easy to get distracted and forget there are ways to accelerate your journey.
If you want to avoid the trappings of a lifestyle business and instead build a valuable business to exit, there are several things to remember…
?? Focus on profitability. Buyers want to see consistent profits and healthy margins.
?? Remove yourself. Recruit competent people who can grow the business without you having to be involved.
?? Diversify your customer base. Don't rely too heavily on a few major accounts.
?? Invest in systems. Streamlined processes enable scalability and make a business more valuable to buyers.
?? Grow Recurring Revenue. Recurring or reoccuring revenue delivers predictable cashflow for buyers.
?? Keep Raising the Bar. Complacency kills your competitive edge.
The 24-48 months before you exit, will set the trajectory for everything that follows - including a business that’s primed for a premium valuation…
#nextlevelgrowth #exitlaunchpad #M&A #exit
LinkedIn Lead Generation Expert | Helping Businesses Achieve 5-15 Warm Leads Weekly | Content Marketing Specialist | We help business owners improve their lead gen and sales development | ??DM me today!??
1 年Solid processes and infrastructure allow you to scale so much faster. But you absolutely need the right systems expertise to achieve that, or it can get messy.
Private Investor | Adviser & Partner On Scaling Your Business To Exit | Mergers & Acquisitions | Managing Partner at Next Level Ventures
1 年Are you looking to scale up your business to the next level and exit within the next 36 months? https://exitlaunchpad.io/workwithus
?? Building marketing revenue engines | ?? Host of Revenue Engine Podcast | CEO at TA Monroe
1 年Recurring revenue equals predictable cash flows and positive valuations, but there are different ways to do this.
Creo Reti Commerciali |Docente Formatore Universitario | Formatore Reti Vendita | Linkedin Expert |Social Selling | Marketing HR e Sales I 31K Follower Linkedin
1 年Agree you need at leasst 2 or 3 years of groundwork to enable a premium exit valuation.