|business exit planning|
|busiesss broker services|
sometime in the near or far future
The time will come when you will need to exit your business - either by selling it or turning it over to a family member or other party. We don't live forever - but more importantly, we want to sell to allow time to enjoy living or doing something different.
So when you make that exit, you want to get the best value possible. That can be achieved by following 3 key strategies:
The larger, and more diverse your market is, the more value your business will be. Businesses will strong sales, defined market segments, and positioned in a growing market will command a higher price. You need to show:
So how do you grow your market?
Yes, you can do with increased sales and advertising. But more importantly, you must also have product development (enhancements), market positioning, segmentation, distribution and channel management. It all starts with a high level review of your marketing objectives.
Link to our overview of this marketing model that can be developed for your business:
The download will outline the marketing process for success.
We are referring to technology and emerging ways to do business. Businesses that incorporate the latest technologies are mare valuable than businesses stuck in the past. Examples include:
The type of technology and use will vary by business. Our best recommendation is to view our subject materials on technological use:
If you are a privately owned business, you are not under the financial scrutiny that publicly-owned operations must adhere to. So your financial records may be a bit creative. That makes it extremely difficult when you are looking to sell the operations.
It's best to get your finances in order, by:
Using smart financial systems and methods allow you to analyze your business for improvement and more importantly, present your operations AS IS to outside, interested parties.
get a FREE consultation
|Krayton M Davis
Executive Director, CFOne Business Advisory Services
Serving Richmond and Northern VA
or e-mail your inquiry to:
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