"WHY BUILD A VALUABLE BUSINESS"

if you are like the majority of business owners, you will have a goals - needs mindset. This may include b2b exit, family exit and or another pathway. These will embrace perhaps some of the following elements.

"Value Means Freedom"

One of the prime elements of business value is how well a business will operate if the operator is not working insitu - for whatever reason. Making a business less dependent on a "owner - operator" model and facilitating a "under partial management" and or "full management business" model. Building a management team and creating a "just-add-water" system water for employees to follow exemplifies to spend time away from the business. So, consider the basket of opportunities this could create.

"Valuable Businesses [can] Be More Fun"

Owning and operating a business would be joyful if you were able to spend your time on strategic thinking and "big picture ideas". Instead, most people work in their businesses and not on their businesses. The boring details of company ownership drain the enjoyment out of owing a business - and it is exactly these tasks you need to get into someone else's duty statement or job description...if you ever going to sell.

"Value Is Financial Freedom"

Each financial period you review your assets and liabilities or you stocks and shares holding. Not because you not necessarily want to know where you stand with selling but moreso where you are at with "financial freedom". Creating a valuable business also allows you peace of mind, knowing that you are building something that - just like your stock/shares portfolio ... has value you could choose to make liquid one day.

"Value Is A Gift"

Imagine your first-born child graduates from university and as a gift you gift a 1968 E TYPE JAGUAR. Your child takes the car for a drive but after a few kilometres the engine starts smoking. The mechanic takes one look and declares the car needs a engine rebuild. You thought you were giving your child an incredible asset but instead it is expensive liability - he/she cannot afford to keep and maintain ...and nor can he/she sell it - without feeling guilty . So, you may be considering on passing your business on to your family and even considering a management buy- in.

There are some things in life that take time no matter how much you desire a rapid solution. Making you business valuable often requires significant changes; and any prospective purchaser will require to know and see how your business has and is performing for at least the (last) three years. So, if you considering an exit you need to work a strategy plan which may include "right sizing" the business in the immediate.