Business Growth Foundational ArticlesUndertaking comprehensive Business Growth processes will mean you need to understand the business concepts and theories of growth strategy. This education will give you the foundation to make your efforts most effective.
November 12, 2018
As a small business owner, you recognize the word ‘value’. The time and money you’ve invested in your company is valuable. Some of your equipment or technologies may be valuable. But is your company valuable? Is it profitable, sustainable, and scalable? Are you creating something valuable to others, or is it only valuable to you? If you ever want your company to become a marketplace leader, if you want investors to invest money in your company, or if you want to sell your business for profit, you must understand what makes your business valuable to others. Then, you must work to grow the value of your small business. Join me in this new series of articles and podcasts as I walk you through growing the value of your business.
November 15, 2018
As a business owner, you’re often so involved with day-to-day dilemmas that you lose sight of why you’re in business, or you lose sight of your business’s potential. Usually, when you lose objectivity, you forget to think ahead. You worry about making money now rather than saving money for your future. You want your business to be profitable, but you don’t know how to properly invest the profits. Inevitably, small business owners become so focused on making a profit that they forsake other areas of their businesses and their personal lives. They think they have to choose value versus profitability. However, by growing a company’s overall value, small business owners can increase their company’s profitability and their personal sustainability.
November 19, 2018
In my last article, I told you that a business’s value and its profitability are different things. If you chase quantitative profits without making changes to your qualitative assets, you will stifle your business’s growth in value. But if you’re trying to make your business more appealing to investors, customers, or buyers, what type of value should you be increasing? In this article, we will be discussing the types of value in business and which you need to be focusing on for growing the value appraisers look for in your company.
November 22, 2018
It’s one thing for me to tell you that you should increase the intrinsic value of your business if you want to attract customers, investors, or buyers. It’s another for me to tell you how to increase that value. Before I can, you need to understand how business valuation works, from an appraiser’s perspective. So, we’ll discuss the three most common businesses valuation approaches appraisers use.
November 26, 2018
Having a profitable business with consistent and predictable cash flow is important to your company’s survival. However, if cash flow, revenue, and profits – the quantitative sides of your business – are the only things you seek to improve, then the qualitative sides of your business will suffer. Although it’s easy to identify your business’s quantitative factors, it’s harder to identify its qualitative factors. Thus, I want to identify eight foundational components that drive up your business’s intrinsic value – its qualitative worth.