Tags |
|
|
Links |
|
|
Digg it UP - Your Exit Strategy - The Biggest Mistake You've Already Made
I step outside my back door and look at some large limbs lying on the ground. They are all dead. We've had the remnants of Hurricane Frances and Ivan come through here the past ten days. We've had lots of rain with manageable winds. Even so, the storms have done their work and alot more than I have the time to see or know about at the present moment. The hurricane - o
1. You’ll see the value in creating and keeping long term, loyal customers
2. You’ll plan the business so that costs are minimized and profits maximized
3. You’ll create systems an
Back in days gone by, many small retailers would sell the same products in roughly the same quantities, week in and week out. This was especially true in some outlying areas where there was just one ironmonger, one jeweller, one butcher etc etc. Everybody had their role and trade was steady, if not sometimes a little boring, perhaps? Nowadays, things are a little different in
It’s the same with any investment. The most successful investors go in with an exit strategy. That way they know when to come out and what profit they expect to make on the overall deal.
Many business owners begin their businesses with plans to grow and projections out into the future. However, most of those who begin their business don’t put in place an exit point for the future. They may make some vague statements about what value they want their business to achieve but they don’t set that as a true target. They don’t treat the business as an investment, they treat it as an ongoing project.
The private equity world understands this and when they make an investment in a business they expect to make a specific return on their investment. Most firms will make their investment for 3 to 5 years and expect a return of at least 2.5 times their money.
If you see your business as an investment then there will be a number of differences in the way you approach it:-
1. You’ll see the value in creating and keeping long term, loyal customers
2. You’ll plan the business so that costs are minimized and profits maximized
3. You’ll create systems and
I want to start things off by saying that I come to the table not only bringing a problem, but also the solution. Most of us are skeptics and are concerned that the money recently handed out will not be used to improve the patient care in our healthcare system. Even with the best intentions, the money may get diverted to areas, which may have little impact on the real systemi
Many business owners begin their businesses with plans to grow and projections out into the future. However, most of those who begin their business don’t put in place an exit point for the future. They may make some vague statements about what value they want their business to achieve but they don’t set that as a true target. They don’t treat the business as an investment, they treat it as an ongoing project.
The private equity world understands this and when they make an investment in a business they expect to make a specific return on their investment. Most firms will make their investment for 3 to 5 years and expect a return of at least 2.5 times their money.
If you see your business as an investment then there will be a number of differences in the way you approach it:-
1. You’ll see the value in creating and keeping long term, loyal customers
2. You’ll plan the business so that costs are minimized and profits maximized
3. You’ll create systems an
Community Goodwill must be maintained thru proactive public relations programs in the cities and towns where Universities are located. Due to this reason it makes sense for Universities to participate in Neighborhood Mobile Watch Programs. Why you ask? Well simple really consider these points;UNIVERSITIES: Universities have their own campus police, as well as their ow
The private equity world understands this and when they make an investment in a business they expect to make a specific return on their investment. Most firms will make their investment for 3 to 5 years and expect a return of at least 2.5 times their money.
If you see your business as an investment then there will be a number of differences in the way you approach it:-
1. You’ll see the value in creating and keeping long term, loyal customers
2. You’ll plan the business so that costs are minimized and profits maximized
3. You’ll create systems an
As the year 2006 starts to wind down, many businesses and entrepreneurs are making plans and budgets for the year 2007. Those plans could include anything from setting up goals for new products to preparing marketing, sales and PR/publicity campaigns. When it comes to your publicity plan, WHEN you launch your campaign can be just as important to what and how you launch.
If you see your business as an investment then there will be a number of differences in the way you approach it:-
1. You’ll see the value in creating and keeping long term, loyal customers
2. You’ll plan the business so that costs are minimized and profits maximized
3. You’ll create systems an
Is anyone surprised that this is where I chose to begin my monthly newsletters? The concept of "You win with people" is the basic premise that I have built my entire management and leadership style around. The quote and original concept was presented to me in high school when I read a book of the same name written by the Ohio State Football Coach Woody Hayes. Woody was known
1. You’ll see the value in creating and keeping long term, loyal customers
2. You’ll plan the business so that costs are minimized and profits maximized
3. You’ll create systems and processes that are repeatable
4. You’ll build a management team who can run the business without you
5. You’ll create a focused niche business that will be of value to others
6. You'll have a specific target valuation in mind from the beginning
7. You’ll have a simple capital structure which minimizes tax and makes the business easier to sell
When you adopt this approach you get two main benefits. Firstly, your business will be a lot more efficient and effective, which will serve your customers and your staff. Secondly, it will be a lot easier to sell when you reach your target because you’ve been preparing it from the start.
Although it’s likely you’ve already made the mistake of not starting your exit planning early enough, it’s still not too late. You can start today by writing down what your exit plans are. Do you intend to keep your business as a lifestyle business until you’re ready to just quietly end it, or do you plan to get out sooner and achieve the maximum value for selling it?
Once you’ve decided what your objectives are you need to step
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggitup.net/article/44907/diggitup-Your-Exit-Strategy--The-Biggest-Mistake-Youve-Already-Made.html">Your Exit Strategy - The Biggest Mistake You've Already Made</a>
BB link (for phorums):
[url=http://www.diggitup.net/article/44907/diggitup-Your-Exit-Strategy--The-Biggest-Mistake-Youve-Already-Made.html]Your Exit Strategy - The Biggest Mistake You've Already Made[/url]
Related Articles:
Shipping to the UK and Europe from China
Using Promotional Polo Shirts To Promote Your Business
Incompatibility of (Business) Characters
Bookmark it:
|