Fusion Blog

Is your business the most valuable asset you own?

Even if you are not currently considering selling you want to ensure that you are setting up your business in order to maximise your return on your investment. It is estimated that only 1 in 100 small business owners successfully exit their business. And yet the steps you need to take in order to beat these odds are very simple.

All business owners need to have an exit strategy for their business. Even if you are just starting out, it’s important to ask yourself several key questions.

The 7 Critical Questions Every Business Owner Must Ask…
Regardless of whether you plan to sell your business or not, when you focus on making your business more attractive to potential buyers the end result will be a better, more robust and more profitable business. To see if you are on track, assess the following:

1.     Is my business structure optimal for my circumstances?
2.     Is my business scaleable?
3.     Is my business teachable?
4.     Do my clients have an ongoing need for your products and services?
5.     Do I have a standard product or service offering?
6.     Can my business operate successfully without me?
7.     Is my business cash-flow positive? 

If your answer to some of these questions is no, then these are the things that you need to prioritise working on. Virtually any business is saleable as long as you plan to build it for sale and put the right systems in place. At our upcoming Business Masters Club workshop "Is Your Business Built To Sell?", I will be helping you find the answers to these questions, as well as sharing with you:

•    The 3 critical components of a saleable business
•    What buyers are looking for in a business
•    The things you can do to increase your valuation multiple
•    How setting up your options early will increase your profits and reduce your stress

As with all of our workshops, "Is Your Business Built To Sell?" will be content-rich. Don't wait until it's too late. Learn how to increase your businesses value and saleability now.

See our event booking page here for further information.  

This article was provided by Anthea Moffat MBA (adv), MIMC, founder and Managing Director of Business Fusion and The Business Masters Club.