Posts Categorized: Build Business Value

Why Maintaining Exit Planning Momentum Is Important

Planning for major events can sometimes cause a sense of dread. Whether it’s planning a honeymoon, a long family trip, or a business exit, it’s easy to say, “I’ll do it later, when I’m less busy.” While planning a business exit should never encompass your entire life, there are several reasons why you should keep… Read more »

Built to Flip: How to Buy a Business for Pennies on the Dollar

Carl Allen is a U.K.-based turnaround artist. He buys relatively unloved businesses, makes them better, and sells them for a profit. When you’re in the turnaround game, you get a lot of weird phone calls, but none quite as odd as the one Allen received in 2013. A business owner had heard Allen was looking… Read more »

4 Big Exits, 1 Smart Entrepreneur

Earlier this year, Steve Murch sold BigOven, a cooking app with over 13 million downloads and more than 4 million members, to Aisle Ahead, Inc., capping off an incredible run of successes: Former Chairman of the Board, Escapia, Inc. (http://www.escapia.com), a leader in vacation rental software, sold to vacation rental leader HomeAway (NASDAQ: AWAY) in… Read more »

When It’s Time to Sell, Put Your Strengths First

Putting your strengths first will help you sell your business. While this may seem obvious, a surprising number of business owners will either improperly index the strengths of their business or fail to emphasize those strengths adequately. In this article, we will examine five key business strengths that you should focus on when it comes… Read more »

Evaluating Your Company’s Weaknesses

The time you spend evaluating your company’s weaknesses is, as it turns out, one of the single best investments you can hope to make. No one should understand your company better than you. But to fully understand your company, it is essential that you invest the time to understand your company’s various strengths and weakness…. Read more »

Exiting Tips From One Of The Top 40 Under 40

Wind Mobile founder Anthony Lacavera has started 12 businesses, six of which he has exited. His exits have ranged in value from the $6 million he got for one of his recent start-ups to $1.3 billion when he sold Wind Mobile. He did it by following two key tips.       1. Understand what… Read more »

Why A NYSE-listed Giant Bought This $2M Business

Angela Mader founded fitlosophy®, a fitness and lifestyle products company, in 2008. Beginning with a fitness journal she called “Fitbook”, Mader built a brand that focused on helping customers achieve their fitness goals. By 2017, fitlosophy had grown to 6 employees, $2 million in top-line revenue and Mader was selling her journals in 16,000 stores… Read more »

This Grasshopper Has Learned Well

David Hauser and his business partner founded Grasshopper in 2004. The company offers a virtual phone system for entrepreneurs, targeting a core market of businesses with 1 to 10 employees. Over the course of 12 years, they grew Grasshopper independently, without outside investment — a rare feat among fast-growing technology companies. By 2016,  Grasshopper was… Read more »

Embracing Retirement and Selling: 4 Tips for a Smooth Transition

No one works forever. Every business owner will leave their business at some point.  Regardless of how much you love your business, sooner or later you will have to step away.  Owning a business can be very demanding. This fact can be doubly true for owner-operators of businesses. The simple fact is that you’ll have… Read more »

3 Reasons To Get Your Value Builder Score Now

1. Make Your Company More Valuable Than Your Industry Peers After analyzing more than 30,000 businesses we’ve discovered that companies achieving a Value Builder Score of 80+ get offers that are 71% higher than the average business. In fact, we’ve seen examples of businesses that are worth two or three times that of a similar… Read more »