COREBiz WORKS WITH BUSINESS OWNERS ON VALUE BUILDING AND EXIT PLANNING
I’ve been coaching business owners for many years.
One of my strengths is that I’m global in education and experience. As a university student I had classmates from 30+ countries studying with me. I’ve started and run businesses in the U.S. and in Japan. I’ve coached business owners from over 10 countries and often attend and speak at global conferences.
Other strengths include operations optimization, exit planning, and value building. I’ve developed a tool that allows owners to see how their business compares in over 15 categories against 1000s of other businesses from around the world. It gives them a benchmark and steps to take to improve each category when needed. I find that most business owners misunderstand exit planning. A well thought out exit plan gives a business a destination, provides a path for business owners to follow and has metrics for them to determine if they are on course. Value building helps an owner figure out what their company is worth financially and if they’re not satisfied with that number there are steps that can be taken to change it. What I find is that by following these practices you come out with a better company and a better life.
The Entrepreneurial Journey
Having an exit plan is crucial, not just for the eventual sale, but because it serves as a comprehensive roadmap guiding daily decisions. It prompts business owners to ask, 'Is this decision taking me one step closer to my exit goal or away from it?' This strategic lens ensures that every move aligns with the long-term vision.
Will this be the Year you Drive up the Value of your Company?
If you have resolved to make your company more valuable in 2024, you may want to think hard about how your customers pay. If you have a transaction business model where customers pay once for what they buy, expect your company’s value to be a single-digit multiple of your Earnings Before Interest Taxes, Depreciation and Amortization (EBITDA).
The 2 Best Ways to Make Your Company Special
Specializing in one product or service allows you to focus on delivering that thing better than everyone else. It enables you to hire (or train) specialists in your field, improving the quality of your work, which leads to happier customers. And satisfied customers buy again and refer their friends.
If you want to take your business to the next level do these 3 things
What’s the difference between a top-level business owner and a mediocre one? How about top-level athletes and mediocre athletes? Bill Gates is at the top of his game and considered one of the best business leaders and success stories in the world. There are very few that we can say are better at business than he is. So why would he hire a business coach? What does Bill know that we don’t? Doesn’t he know more than a coach?
The Art of Business Ownership 3
Lesson 3 - Have a Business Plan including an Exit Plan Problem: Most business owners start off with a very lengthy and detailed business plan that if you try to find it six months later you'll have troubles locating it. It goes into a drawer to be lost and never seen again. Solution: It is important to begin with a lean business plan that you keep on the desk in [...]
The Art of Business Ownership 2
Lesson 2 - Systems, Processes, and Procedures Problem: Most Businesses don't have well defined Systems, Processes, and Procedures. This leads to waste, inefficiencies, and a lack of productivity inside the business. Solution: Business owners need to devote the time and resources needed to try, test, and document Systems, Processes, and Procedures they use to run their businesses. Let's start by defining what Systems, Processes, and Procedures include. A procedure is [...]
The Art of Business Ownership
Lesson 1 - Build an Asset not a job. Problem: Most business owners build a job for themselves that no-one else wants. Solution: You must build a business that grows into an asset that everyone wants. There are many ways to build your business into an asset but it can't be done overnight. A business that is centered on the owner and relies on the owner to run it's day [...]