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Established 1972, ph: +61 8 9382 3244

More Valuable

Pronunciation: val·u·a·ble

Adjective

1. Having considerable monetary worth; costing or bringing a high price: a valuable painting.
2. Having qualities worthy of respect, admiration, or esteem: a valuable friend.
3. Of considerable use, service, or importance: valuable information.

The most valuable business has a clear plan that maximises the options for all stakeholders under various exit situations that could have an impact on them. Some of those trigger events are voluntary and some just happen without warning! Life has a habit of presenting us with challenges we don’t always see coming.

A truly valuable business that is attractive to a number of third parties is capable of running very well without the owners being hands on for an extended period of time. Now you may choose to work in your business, that’s your decision; however to create real demand in the market (internally/externally) and attract the best price under varying market or economic conditions, requires the business to be firing on all cylinders without the owners hands-on input.

The sale of the business or transition to the next generation presents a real challenge for business owners today and if properly planned will allow for a smooth transfer and achieve the best results. These are not always monetary.

The more valuable businesses have a strong vision, structure and documented strategies in place that have contingency plans to cope with “the things that come up”. There will be systems and processes in place for every part of the business that will provide the framework and KPI benchmarks for all of its people to hit the target performance on a regular basis.

This scale and leverage will deliver superior results.

Can your business perform really well without you for 30 days, 60 days, 90 days or even longer?