Posted by:
Dan
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Systems!
Why do “systems” drive up value?
Because when a business buyer sees that there are systems in place they don’t fear that the business is all in the head of the owner. This is encouraging to a buyer because if the owner goes to the beach and turns off her cell phone, the business isn’t dead. If you’re a business owner who LIKES having the entire value of the business in your head, you’re a nut job control freak who has no right to complain about your business!
Systems drive up income….
Why?
Because systems allow you to concentrate on the other things that are not systemeatizable, like new product ideas, new relationships with customers and vendors,etc.
Systems are NOT beauracracy, systems are sanity!!
Want to buy a business? looking for a business opportunity? Want to search businesses for sale?
Resources:
Sunbelt Business Brokers Texas
Posted by:
Dan
| Comments
I think you know the neighbor part. Be nice to people, get to know them, know what they like and want, adjust your offering to your community, contribute to the community.
The hard part is thinking like a big biz
financially. What should you do?
Understand why a balance sheet is important. Until you understand how to keep an accurate balance sheet it will be difficult to use a balance sheet to make good financial decisions. Most small business owners are accounting averse but they shouldn’t be. A well prepared balance sheet done on an accrual basis is a forward looking tool. Are payables up? Cash down? Accounts receivable slow? How much cash can an owner pay himself and still have a cushion? All on a balance sheet.
For more details on a balance sheet start at:
Wiki Balance Sheet Information
Think financially like a big business and you will improve your small business.
Resources
Money For Small Businesses
Houston business for sale
Business for sale Texas
