How To Build Your Consulting Business with its Eventual Value at the Forefront

Welcome to the latest edition of the Seven Figure Consultant LinkedIn Newsletter for Women in Consulting.?Don't forget that you can get daily updates from Jessica in your LinkedIn news feed?by accessing her LinkedIn profile and hitting Follow.?She will be sharing insights and discussions through the week that she would love to hear your views on.

This week on the Seven Figure Consultant Podcast, I was joined by co-owner and CEO of Raincatcher, Marla DiCarlo. Marla helps small business owners determine the value of their business and walks them through the selling process.

In this episode, we discuss how business owners can proactively plan ahead when building their business, what actually goes into the process of selling a business, and how to shift perspectives when making business decisions. Tune in to this insightful conversation and receive a free resource from Raincatcher.

In this episode:

• [01:00]?Why Raincatcher is such an important tool for small business owners.
• [06:30]?Understanding the driving factors that can impact a business’s value.
• [11:30]?How to change your perspective when making business decisions.
• [13:30]?Marla explains the most common ways to understand the value in a business and how to attach a dollar value to a company.
• [20:15]?Things to consider when selling your small business.

Key Takeaways:?

• Raincatcher is designed to educate business owners and guide them through the process of selling their business.
• You cannot plan for everything.
• Every business owner should get a benchmark valuation because it helps to see the business through a different lens.
• Part of selling your business is going through the emotions of “are you really ready to sell?”
• When selling a business, most business owners often are focused on the purchase price, but there are many other things that tie into selling a business that are often more important, like who will continue their legacy with their customers, employees, and community.

Quotes:

“Building your business without a business plan is kind of like building a house without a blueprint. Then you’ll look at it and think, ‘I should have put a door here, but we built a massive brick wall’.” – Jessica Fearnley

“If you take off those blinders and you start to bring in the stuff that is going on on the outside and incorporate that into your decision making, what you’ll find is your business actually ends up performing better. You end up making decisions that I don’t know you would make if you were constantly just focused on the next thing.” – Marla DiCarlo

“Being proactive and not reactive, that’s one of the keys to being a successful business owner and it’s hard to do.” – Marla DiCarlo

???Head here to listen to this week's episode, 138 - How To Build Your Consulting Business with its Eventual Value at the Forefront - and grab the free resource from Raincatcher!

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It’s the framework that helps consultant women like you find their feet and get back to leading the business, rather than being buried in client work and back-end business operations.

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To find out more about the work I do, visit?jessicafearnley.com ?or message me here on LinkedIn if you'd like to hear more about private coaching and how I can help you transition from booked up and burned out to THRIVING as the CEO of your 7 figure consulting business.