What is the Value of your Business?
To grow a valuable business – one you can sell or transfer – you need to set up your company so that it is no longer reliant on you. This can be easier said than done, especially when, like a Consultant or Contractor, what you are selling is your expertise. When it comes to the value of your business, you can make many bets, but only one has a virtually guaranteed return. Most companies are valued on a multiple of earnings before interest, taxes, depreciation, and amortisation (EBITDA), so every dollar of incremental profit you earn in the short term will translate into a multiple of that down the road. We can help you to identify the areas of your business that will increase this multiple so you can sell and or retain your business in the future.
There are 8 key drivers of company value. The 1st and most critical driver to understand and track is your Financial Performance driver. This includes your companies history of producing revenue and profit combined with the professionalism of your record keeping. At A Bigger Bottom Line, our 1st priority is to get your financial record keeping in order. Then we can better help you track and improve this key driver as you work with us over time. Want to learn more about the other 7 drivers and where your business currently stands in its overall value? Click HERE to get your complimentary Value Builder Score report and see what your business is currently worth.
Your Value Builder Score can help us to craft your record keeping and other business services package to more effectively increase your business's overall value and end game plan. It is the first step toward getting your actual business valuation. VALUE BUILDER QUESTIONNAIRE
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