Scaling your business: How to increase the value of your business

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As entrepreneurs we often talk about adding value to clients which is great it’s vital that we provide clients with a great service in order to retain them and attract new clients. However, often that takes the form of working in the business, which is fine at the beginning of a business but if you truly want to increase the value of a business you have to work on the business not in.

Often you can increase your value to the business while simultaneously reducing the value of the business. The reason is, the more dependent a business is on it’s Founder is the less sellable it is, thus the less valuable it is. You can have a highly profitable business that isn’t sellable.

Which is why in today’s we’re discussing How to Increase the value of your business with my guests Paul Dodgshon and Iain McCoo, of Business Partners for our Launch to Exit Service

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Here's a few questions we asked her during our live interview, catch thereplay below and subscribe to our YouTube channel

1. Welcome to you both can you tell us a bit about who you are and what you do?

2. How long have you both been helping business owners increase the value of their business and prepare for sale?

3. Why is it important that business owners work on increasing the value of the business long before they want to sell?

4. What are some key things that devalue a business?

5. What are the top mistakes business owners make that devalue their business?

6. Can you talk to us about the value builder?

7. What can business owners do now to increase the value of their business in the future?

8. What often here the term exit strategy, what is that and why do businesses need one?

9. Can you explain to us the service you provide in terms of helping a business sell?

10. What are the steps involved in preparing a business for sale?

11. How do you know if your business is ready for sale?

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Find out Paul Dodgshon and Iain McCoo's answers to these questions and more in the video

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