Tuesday, October 19, 2010

Increase Business Value Now

Here is a small list that will almost instantly increase the value of your business:
  1. Don't wait until it is time to sell to improve your SPE to industry-leader status.
  2. Fine-tune your employee team now, don't wait until it is time to sell; get rid of the "bad apples" now (yes, before Christmas), and give an early reward to those employees you intend to keep for the long-term.
  3. Make triple sure that your financials are well-organized, and can easily be compared to those appearing in the industry's Benchmarking Study. (Visit NAPL at: www.napl.org)
  4. I've said it a dozen times, if there are questionable notes receivable or payable on your balance sheet take care of them now, otherwise you might as well forget collecting any notes receivable that your company may owe you as a result of previous loans to the company.
  5. If you are within two years of selling, restrict new equipment purchases to the bare necessities. Concentrate on boosting net earnings, and decreasing depreciation and interest expenses.
  6. Apply a fresh coat of paint, install new carpeting and make sure both the front and the back areas of your shop are clean and well organized. Nothing will turn off a potential buyer more than a shop that looks dirty and disorganized.



Blogger Daniel said...

Thank you so much for sharing it.
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October 30, 2010 at 7:05 AM  

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