In the context of creating value in your business simply it comes down to control. There are a lot of external factors that can affect the value of your business; government regulation, new products from competitors, unexpected tragedy, etc. The good news is that you have a lot of control on the value of your business.
This week I had the pleasure of again speaking with a group of mainly dentists and chiropractors from Freedom FastTrack. Professional business owners typically get less than 1:1 on their business when they sell it but it doesn’t have to be that way.
It starts with the habits of your business. From looking at your financials to creating the right culture in your business to simple ways to leverage the growth of your bottom line through managing your margins and utilizing a high performing team.
These value increasing tips not only add to your businesses appeal, it also allows the business owner to have the kind of lifestyle that they always wanted when they started a business.
Click below to listen to this week’s podcast. If you have any other value producing tips, I would love to hear those as well so sound off below.