Maximising Profits for Optimal Sale Value
Probably the biggest area for any business owner yet an area that is so often over looked.
Did you know that over 80% of businesses have zero exit strategy!
Can you actually believe that, over 80% of businesses, WOW!
I will tell you from firsthand experience that if you do not have an exit strategy for your business, you are jus plain wasting your time. Having been a part of a family business that really focused on the exit strategy I cannot even begin to tell you just how incredibly powerful and important it is to make sure that you have a solid exit strategy. Not only an exit strategy but a solid plan for your exit.
You business has always been a vehicle to provide you an income annually. However if you strategically build a business based on the fact that one day you will sell it, you can add tremendous value to it. You may think that your income is great now, however the real money is made when you sell you business.
Let me give you a real life example.
When my parents had their business, they made a great income from it, a great six figure income every year. When all bills were paid they still had surplus funds in their bank for vacations or whatever they wanted. However, when they sold their business for over $20 million, well you can imagine how that kind of money changed their life. From a great six figure income now to a place where they do not have to worry about retirement, and have more than enough money in the bank to live a very good life. Not only that but they now have money to leave their family for generations to come.