{"id":2844,"date":"2013-07-07T23:44:46","date_gmt":"2013-07-07T23:44:46","guid":{"rendered":"http:\/\/www.philipelworthcfo.com\/?p=141"},"modified":"2023-04-19T19:08:43","modified_gmt":"2023-04-19T19:08:43","slug":"creating-value-in-your-business-an-overview","status":"publish","type":"post","link":"https:\/\/www.b2bcfo.com\/phil-elworth\/creating-value-in-your-business-an-overview\/","title":{"rendered":"Creating Value In Your Business-An Overview"},"content":{"rendered":"

When considering the ultimate sale of a business the actual value that an owner will achieve is dependent upon many factors.\u00a0 I like to describe this value matrix in the context of risk.\u00a0 The lower the risk perceived by a buyer, the higher the value of the business.\u00a0 So knowing what these risk areas are and how they be minimized is critical to any transition strategy.<\/p>\n

The overall concept here is that if the business drivers are strong, then a buyer can more readily predict consistent future revenue and profits.\u00a0 Thus developing a plan to improve each of your business\u2019s drivers should be at the top of every business owner\u2019s agenda.\u00a0 Even if you are not in the market to transition your business, strong business drivers will lead to greater profitability, for your own benefit.\u00a0 What I have often seen with clients in my Chicago market, is that while running their business they become comfortable with the risk inherent in the business and thus unaware of the potential danger awaiting them.\u00a0 Undertaking a risk analysis of their business will be an eye opening experience for any owner.<\/p>\n

The business drivers that I will be exploring in future articles included:<\/p>\n