BUSINESS OWNER
One Tweak That Can (Instantly) Add Millions To The Value Of Your Business
Republished with permission from Built to Sell Inc. If you’re trying to figure out what your business might be worth, it’s helpful to consider what acquirers are paying for companies like yours these days. A little internet research will probably reveal that a business like yours trades for a multiple of your pre-tax profit, which is…
Why Startups Stall
Republished with permission from Built to Sell Inc. Have you ever wondered why startup companies stop growing? Sometimes they run out of potential customers to sell to or their product starts losing market share to a competitor, but there is often a more fundamental reason: the founder(s) lose the stomach for it. When you start…
The Downside of Being Upfront with Employees
Republished with permission from Built to Sell Inc. One of the core principles of creating a more valuable business is ensuring it can run without you by getting managers to think like owners. The theory goes that empowered employees are the best positioned to solve your company’s thorniest issues, as they are the ones closest to…
5 Lessons From Home Depot’s Acquisition of Blinds.com
Republished with permission from Built to Sell Inc. Jay Steinfeld built Blinds.com into a $100 million e-tailer before selling out to Home Depot. Here are five things that made it a spectacular exit. Win The Make vs. Buy Battle Companies like Home Depot have a “make or buy” decision when they see a competitor winning…
5 Reasons Why Now Might Be The Right Time To Sell
Republished with permission from Built to Sell Inc. Are you trying to time the sale of your business so that you exit when both your business and the economy are peaking? While your objective to build your company’s value is admirable, here are five reasons why you may want to sell sooner than you might think: 1.…
Why Now Is The Riskiest Time To Own Your Business
Republished with permission from Built to Sell Inc. Most people think of starting a business as risky, but unless you invest a significant amount of start-up cash in your venture, you’re not really risking much other than your time. That changes if you’re lucky enough to get your business off the ground. As your company grows, you…
3 Ways To Make Your Company More Valuable Than Your Industry Peers
Republished with permission from Built to Sell Inc. Have you ever wondered what determines the value of your business? Perhaps you’ve heard an industry rule of thumb and assumed that your company will be worth about the same as a similar size company in your industry. However, when we take a look at the data provided…
The Surprising Secret To A Big Exit
Republished with permission from Built to Sell Inc. We get to see a lot of company founders who are contemplating an exit. Some of our customers get lucky early in life, but in the vast majority of examples where a founder is getting a seven- or eight-figure offer, it is not their first rodeo. In…