BUSINESS PERFORMANCE SERIES

Business Performance Series is a unqiue management consultation series which we developed to help small business owners "work on their business, not in their business". The objective of the series is to help the business owner define where they are now, where they want to go and how they will get there.

This program will help you increase your sales, increase your profits, and increase the value of your business.

click herefor more information on this series.

CREATE VALUE IN YOUR BUSINESS

In my experience, it is seldom that a small business owner thinks about creating value in their business. In general they are too busy doing what they do, putting out fires, fighting with cash flow, managing employees, and trying to have a quality of life after hours.

Making matters even more difficult, small business owners, in general ,do not have a strong accounting background and have a tough time reading financial statements. Concepts like gross profit percentage, cost accounting, performance measurement,and ratio analysis are complex and time consuming to put in place.

There are some techniques for increasing the value of your business with the goal of selling the business at a premium price. Below are some tips:

Do you own a business or do you own a job?

Your business can’t be just about you.

Find out what the industry standards are for:

Sales growth rate

Gross Profit Percentage

Current Ratio

Financial Structure

Cash Flow Generation

Then Set Out to Consistently Beat Those Numbers

Write a vision and mission statement you can believe in.

Then make everything you do fulfill those statements.

Define your customers, competition, and vendors

Then find your niche

Write an exit strategy

When will you sell?

How much do you want your business to be worth?

Home based or single person companies

Develop a process or procedure with creates efficiency, profit, and is repeatable.

CALL US FOR HELP IN WORKING ON YOUR BUSINESS, NOT IN YOUR BUSINESS