December 20, 2018

Why Would Anyone Buy Your Business? The Buyers Want List

If you’re trying to build a business that’s valuable, to whom is it valuable? Do you want to improve your business for yourself? Your family? Employees? Customers? Why does improving your business even matter? Well, it may not matter if you want to close it and walk away from it down the road. However, if you want to sell your business in the future, then building value in your company matters a great deal. Ultimately, the quantitative and qualitative value of your business will determine how much a buyer will pay you for your business. Your final customer will be your business’s buyer. Therefore, you must make your business attractive to them. But how do you do that? Well, I’m going to give you the list of 6 aspects that business buyers look for when assessing a company. 
December 13, 2018

Using the SWOT Analysis to Increase the Value of Your Small Business

As a business owner, you’ve probably heard of a SWOT Analysis – a process where you identify your business’ Strengths, Weaknesses, Opportunities, and Threats. However, performing this analysis is nothing more than a time-consuming exercise unless you can put its results to good use. You need to spend time working on those shortfalls to improve your business. Many business owners have used the SWOT assessment to improve their businesses and with the right understanding, so can you. In this article, I will discuss how to use the SWOT analysis within your strategic planning.
December 10, 2018

How Your Personal Values Affect Strategic Planning Decisions in Your Business

Your values are important in guiding your actions along life’s journey. Likewise, your personal values affect your business life as well, driving your decisions and your performance as a small business owner. We’ll discuss these values so ideally you can align your business’s vision and mission with them and hire people who align with you.
October 21, 2018

DISC Assessment – Essential for Building a Compatible Staff

If you own a business, then you know how hard it can be to bring on the perfect candidate for every job. So exactly how do you position your company’s team for maximum productivity and inner-office compatibility? One theory is to hire based on not just an applicant’s skills but also their behavioral profiles. A DISC Assessment is simply a tool that can help you learn these profiles and build a compatible staff with complementary strengths.
June 29, 2018

Pros and Cons of Selling Your Business to Employees Using an ESOP

When it comes to transitioning yourself out of your company, one option is selling the business to employees. A method of doing this is by setting up an Employee Stock Ownership Plan (ESOP). Although the implementation can get complicated, an ESOP can offer owners and employees many benefits over other stock buyouts. Let’s dive into the pros and cons of ESOPs as a way to sell your company.
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