Many entrepreneurs fail to create an organization that has real value beyond their individual participation. Have you created a business that works without you or have you simply created a job?
One way to answer this is to consider what would happen to your business tomorrow if you had been diagnosed with a serious illness yesterday? Would you have an experienced, qualified management team who could take over while you concentrated on getting well again, or would the business crumble and fail in your absence?
By working with us to develop fully integrated business systems, we’ll help you set up your business so that you can sell it whenever you want to (or have to).
We’ll help you work ON your business, not IN it. Build your business so it can run without you on a day-to-day basis. Break your responsibilities into different functions that other people could perform. Don’t be the only one who can handle certain tasks. Cross-train your employees so that each can handle several different duties when necessary. Hire people with management potential. Then develop them.
We’ll work with you to make sure your business looks good. A clean, well-maintained, attractive company is much easier to sell, and commands a higher price than a tired, dirty, run down operation. We’ll also help you get an objective, outside opinion on your company’s value on a regular basis.
Importantly, we’ll help you build a profitable company. This point may seem obvious, but many entrepreneurs believe that simple longevity or sales volume is what drives business value, when plain old profitability is the thing that matters most.
We’ll help you to set financial goals and meet them. If your business isn’t making significant amounts of money right now, it’s highly unlikely you will be able to walk away with anything to show for your hard work.
Finally, we’ll help you develop an exit strategy for how you plan to leave your business. You can’t afford to leave anything to chance where the future of your business is concerned and we’ll help you develop a viable plan with contingencies.
Everyone leaves his or her business sometime, but the thing we can’t predict is when that will be. Contact us to learn how we can help you be prepared for anything life throws your way.