Often, small business owners come to us saying “I’m over it, I want to sell up”. But the first thing they want to know of course is how much they can get for the business – and whether it will be enough to allow them to live the life they want.
The value of the business depends on how much the business can ‘run itself’, so here are some questions to ask yourself:
- Does your business suffer when you’re not there?
- Do you have one major customer that you rely on, or who can dictate terms?
- Do new clients sign up because of you personally?
- Do you have to do every job yourself or directly instruct others what to do?
- Are holidays rare and anxiety-provoking events?
- Are you working every minute you can find, even outside office hours?
- Do you have to personally solve every problem that comes up?
- Do your customers usually have your personal mobile number?
If you said ‘yes’ to most of these questions, your business isn’t running itself! That’s where we come in. Talk to us today about ways you can work smarter, not harder, and build a more valuable business in the process. One you can live off, not for.
