Add Massive Value To Your Business By Doing This One Thing
My good friend, Richard Parker, a well known expert on selling businesses, writes for Forbes about the single most important change you can make to your business to improve its value: add recurring revenue streams.
But don’t miss his advice earlier in the post about how most small business owners are so busy running their businesses that they don’t realise they’re not building value. When the time comes to sell they are usually disappointed at the price / valuation. That the business generated a good living for the owner is not reason in itself for it to represent a large value to an investor.
It need not be so.Owners who plan for the exit can put in place attributes and qualities that investors value…
Read the article here: Do These Types Of Companies Have The ‘Best Business Model In The World’?