If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of an organisational chart, or stuck in the middle of your business like a hub in a bicycle wheel?
When we isolate the administrative support industry that Ruby Receptionists operates in, the average multiple offered for these companies over the last five years is just 1.8 times pre-tax profit. Nelson, by contrast, sold the majority interest in Ruby Receptionists f...
One of the most intimidating aspects of selling your business can be facing the barrage of questions during the various management presentations you’ll be doing for potential acquirers. Be prepared to be grilled on all facets of your operations. Of course every meetin...
Growth vs. Value: not all revenue is created equally
When you look to the future, how are you planning on growing the company? Will your growth come from selling more to your existing customers or finding new customers for your existing products and services?
As we have reviewed before, Business Exit Planning is a journey with many factors to consider. Once you have completed the assessment and any necessary improvements, marketing and selling your business is the next phase.
At one point or another, we have all become victims of procrastination. However, if we fall into a continual cycle of procrastinating, its effects can have a dramatic impact on our business by preventing us Achieve our Best Year Ever.