By Profit Soup
A good way to build your business value is to start with the end in mind. For example:
- What do you want to accomplish?
- What do you need, financially, to move on after you’ve accomplished it?
- What is your exit strategy?
To create value is to maximize the combined return that occurs throughout your tenure of ownership and when you exit. If you can identify the return you wish to receive both along the way and at the end of the road, you can build a plan to achieve it. How and when you intend to exit the business will determine what you need to accomplish before that day comes.
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