How Can You Make Your Business More Valuable?

Many clients want to know how they can make their businesses more valuable when the time comes to sell.

I tell them to look at the gap between the typical small business and the top earning small businesses.

Top earning small businesses net over $365,000 a year. They do it consistently. And they do it whether the owner is present or not.

Because profits are consistent, the business will sell for a multiple of profit.

Very few businesses, though, generate this kind of income. And if the owner has to put in heroic efforts to achieve the profits, potential buyers will know it.

So -- here is the simple but incomplete answer to making your business more valuable – build a business that consistently makes high profits and does it without the direct involvement of the owner in the daily operations.

The video goes into more detail about how you can increase the value of your business by outsourcing your bookkeeping and going paperless.