How to make your business worth up to 87% more
The best time to start planning to exit your business was the day you started in it. The second-best time is right now.
You may think this shows a lack of commitment to the business, but that could not be more wrong. Keeping your business ready for sale is the best way to ensure it’s running in its best form.
Because to be brutally honest, there are only 4 ways you can exit your business:
- Leave in a box
- Wind it up
- Pass it on to family members
- Sell it
So, to get a fair reward at all for the hard work you’ve put in, Exit 4 is the only sensible way you’ll want to leave.
But of course, that’s a very crowded exit route. With roughly one and a half million self-employed people aged over 55 in the UK*, you can expect a good number of business owners looking to pave their exit with gold over the next few years. So, if you want to be at the front of the queue, you need your business to run like a finely-tuned machine.
And if it doesn’t run smoothly without constant tinkering from you, you’re not just limiting your prospective buyers, you’re also wasting valuable time that you could be enjoying. Okay, you may think that’s the point – you’re there to work. But in fact, it’s the wrong way of looking at it. As the business owner, your purpose in the business it to get it running without you.
As Michael Gerber says in The E-Myth:
“If your business depends on you, you don’t own a business — you have a job. And it’s the worst job in the world because you’re working for a lunatic!”
So, what you need is a Business Operating System that keeps your business tuned and ready for the day you come to sell it.
And that’s exactly what the 9th module of Xeinadin’s Rise programme will show you how to do. Our Systems for Growth module will help you create an Operating System that enables you to:
- Transform your time management: Eliminate those time-eating tasks that don’t help the business, and concentrate on the revenue-generating tasks that will lift your business to the next level.
- Cut out mistakes: Well-designed systems and processes make everything clearer and easier to follow, as well as ensuring duties are allocated efficiently – so they give you a predictable, consistent outcome 99% of the time. (Yes, that’s a big claim, but we don’t make it lightly.)
- Make high-quality your basic standard: Step-by-step processes for each task mean everyone knows exactly what they’re doing each time and exactly how to do it – leading to consistent results every time. Just think what that will do for your reputation and customer satisfaction.
- Nearly double the value of your business: Surveys have shown that small and medium-sized enterprises (SMEs) would pay an average of 86.77% more for a business that ran on an efficient operating system.
So just think of the amount of money you’re leaving on the table if you don’t have a decent OS. In fact, don’t – because it doesn’t bear thinking about. Just start building your OS now, to get ahead of all those other people planning to sell at the point when you plan to retire.
Take action!
- Book your free Rise session for ‘Systems for growth’. Visit our Rise webpage to see our upcoming events and learn more about our Rise business growth programme.
- Arrange a bespoke Rise session for your team, focusing on your systems for growth and your exit strategy at a venue convenient for you. Contact our business advisors to discuss further.
- Request a project to develop your systems or your exit strategy. Arrange a discussion with our business advisors.
- Download our Whitepaper – Systems for growth. You’ll learn the benefits of a business operating system, how to design and build a systemised business. We also explain how exist planning helps you maximise the value of your business.
- Download our Corporate Finance guide to buying, growing or exiting a business – Corporate Finance – Xeinadin Group.
