To get your business sale off the ground these days, you need to harness every ounce of its potential.
Otherwise it won't reach the value heights you need in order to retire.
If it's not on an exciting growth trajectory, it will not attract an exciting profit-multiple.
And that can spell disaster for your business sale mission.
Because a mundane multiple, coupled with prevailing low interest rates, means that the yield on your invested sale proceeds would fall far short of your current annual profits. So you may well abort the sale, after investing a great deal of time and expense in it. Not only will your hopes crash. Your business may also disintegrate, as competitors attack and demoralized staff leave to escape uncertainty about their futures.
The good news is that your business probably has more latent potential than you realise. The bad news is that you need to do the work to identify it and develop that potential, so that it is ready to propel the business higher when it comes to launching your sale process.
Here's a helping hand: a simple gauge of how much scope you have to boost the potential of your business, in each of 3 areas: Operating Improvements, Growth &/or Synergies and Removal of Value Depressants. Take this free 15-question check-up and you'll get an instant read-out. It's never been easier to test whether you're pregnant (with potential)!