Value Enhancement
Understanding the 8 drivers of business value is essential for the business owner to create a sustainable and optimal business ready to sell. The first challenge is understanding where the business measures up in its industry for these 8 drivers.
The Value Builder Score provides a report focused on the business and where the business is as it relates to its value. The owner completes the free assessment to assess how strong the business is today. With this information the business owner will understand what areas of the business can be improved upon to enhance the ultimate value of the business.
What is your Endgame?
Do you have a plan on who the business will be transferred to? What will you do with your energy with the new found time of not caring for the business? What is your minimum number for your business value at the time of transition? How connected are you to the business and the people in your business?
The PreScore Report focuses on the owner's personal readiness to create their endgame for the business. This is focused on preventing an owner asking why he sold the business when he has nothing better to do with his new found stage of life.
Freedom of Choice
My desire for the business owner is to have “Freedom of Choice” to have an optimal business to decide whether to continue with it or whether to sell it. In order to have Freedom of Choice, the business owner must understand the lifestyle needs they want and desire and what resources will be needed to live the lifestyle they desire. No one wants to change their lifestyle because they do not have the resources to meet their lifestyle.
This Freedom Score focuses on the owner's personal finances to live the lifestyle they want. It will tell the owner whether their non-business assets will be sufficient to live the lifestyle or if there is a wealth gap … how much the business needs to be sold to fill the void from the non-business assets.