Self-Care Tips for Busy Business Owners

In a survey conducted by Entrepreneur, 58% of business owners said that they experience “above average” stress, with 80% stating that money issues play a role in their mental wellbeing. When the weight of your business is on your shoulders, it’s nearly impossible not to get wrapped up in being everything for everyone. That’s why self-care ...

The 6 KPI You Should Already Be Tracking

If someone asked you how your business was doing, what would you say? Would you be able to cite data points? Would you be able to justify your ad spend with numbers? What about explaining your choice to hang on to a troublesome employee until you find someone ready to fill the position? For business owners ...

It’s Who You Know: The 5 Types of Networking

There are few professionals that don’t put at least some time into networking. After all, the old saying goes, “It’s not what you know, it’s who you know.” Whether you’re networking with clients for sales or with leaders in the field for partnerships, there’s value in every relationship that you build.  But, for busy business owners, ...

Your Organizational Culture Says A Lot About Your Business Value

As human capital, your organizational culture says a lot about the value of your business. Employees who are happy, motivated, and appreciated are going to bring a lot more to the table than burnt-out, overworked workers who are just there for a paycheck.  While many business owners don’t necessarily put explicit thought into what kind of ...

Competitive Advantage and Business Value

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In a world with a fast food burger restaurant on every corner and a gas station on every block, you may be surprised that so many places that do the exact same thing or sell the exact same product can co-exist in one area. What is it that makes people choose one over the other? ...

Tapping Into the Business Value of Employee Talent

It’s hard to quantify all of the talents, strengths, and flair that your employees possess. In fact, calculating the dollar amount that an individual is worth can feel a little distasteful.  Skipping this critical process in the valuation of your company, though, leaves money on the table. Whether it’s their ability to stay calm in a ...

Intellectual Property Adds Major Value to a Business Sale

If there were one facet of business value that ranked as highly as year-over-year profits, it would be intellectual property. Everything from patents to trade secrets are worth something on the market, especially if it plays a major role in the success of your business.  As you near your business transition, it is imperative to use ...

Know-How, Know-What, Know-Who: Unexpected Sources of Business Value

When it comes to having know-how, you have to know what can your business do that no one else can?  It’s a tough question to answer, especially if you work in a market that already seems saturated with companies selling the same product or service as you.  Often, though, we forget about the accumulated knowledge that the ...

Business Valuation and the Role of Assets

In our ever-growing series on increasing your business value before your transition, we’ve explored concepts like social capital and quality of life. These often intangible concepts rely on circumstances mostly outside of our control, such as how our communities view our business or the current social climate.  With assets, the main determining factor of their role ...

Calculating Capital Into Your Business Value

It takes money to make money, and perhaps the biggest evidence for that fact lies firmly in the concept of business capital.  Before your business began operating, you likely had to make some pretty sizeable investments in equipment, property, and advertising. You did so in the hope that creating enough capital would help you sell your ...