Category: Team

Take a Vacation if you want to Increase the Value of your Business.

Let’s keep this one simple. If your business is over dependent on you (the owner) it has a lower value to a potential buyer. Owner dependent businesses are hard to sell, and when they do sell they sell for less. Why? Because if the business depends on you to produce the results, then how can the buyer be sure the results won’t go away when you do.

Make sure your Business isn’t Dependent on you

Do you own a job or a business? “If I could change one thing, it would be for owners to build their business, so it could run without them.” The business broker on the panel was asked what the biggest problem is she sees with the businesses she reviews. Over-dependence on the owner was her answer.