I’ll admit it—I’m a packrat. I hate throwing something out that may be useful to someone else or to me in the future. It took the discerning eye of my wife, Gayle, for me to clear out all the equipment and material I’d stored in the large vault being converted into a new learning space at Sunbelt’s Ottawa office. The existing meeting rooms just weren’t big enough to accommodate the number of people wanting to attend our business seminars or broker training courses. So over the past few months, we’ve been renovating, and we’re now in a position to host more learning opportunities for more business owners and prospective business owners, starting with a series of free evening seminars on “Exit planning for business owners.” We’ll have more details shortly.
Whether you’re thinking about selling now or several years from now, proper planning and preparation can make a significant difference in the outcome of the sales process. We encourage all business owners to understand and take control of the factors that affect the value of their businesses and to constantly build for maximum return on investment.
Have you read our three posts on how financial, organizational and operational factors can help you build value in your business? If not, you might want to do so now:
How's your fiscal fitness? Get tips on financial factors to build the value of your business.
Can a potential buyer see himself in your business or are you blocking the way? The greater value comes when the business is making money without its owner’s involvement in the day-to-day activities. Read more about the organizational factors that build value.
Some operational factors--the state of your shop, warehouse, office, store--are fairly obvious, but do you know how your systems or lack of them add or take away value from your business?
And if you want to reserve a seat at our Ottawa Exit Planning series, please indicate your interest by registering here. We’ll have more details shortly. Or if you’re outside Ottawa and you’d like to be notified when we have added an event on buying or selling a business in your area, Find your local office to use this service.