Best Linkedin Posts about "business owners"

Do you know one of the main reasons why businesses fail? I'll give you a clue... it involves capital. The lack of, or misuse of to be precise. Business owners often underestimate just how much they're going to be spending to get things off the ground. Worrying about money or not having enough can be stressful enough for any new or first-time CEO... And that strain can eventually take its toll on the growth of the business... That's why you should always be looking for capital or alternative financing options to keep the outlook bright. #Finance #BusinessGrowth #Management

Is your business structured for the sale of your business??? One of the toughest (and most important) things when selling your business is getting the organization setup right. Your business will have certain “must haves” depending on the size and type of business. As the business gets larger these become critical to the salability. Here is one simple example:  If your business has $1-$3 million in EBITDA and you are a target of search fund investment buyers, you want to have yourself in the CEO position with a strong management team. These buyers will bring a CEO with investment backers. This means the management team needs to be able to run the daily operations successfully. These simple nuances in how your business is setup can drastically change your price and chances of selling your business. We recently had a client where restructuring the organization and hiring key employees increased the value by nearly 5X (Tens of millions of $$) so this is not a “nice to” thing as companies get larger. Know what your buyer expects and make sure your company has what they are looking for. If you want to discuss executing the things necessary to sell your business DM or call me 425-654-7757. Exit Your Way® - Helping build businesses that make more money today and can be sold or succeeded when owners are ready.  SPN #exityourway #mergers #success #manufacturing #ecommerce #inspiration #money #business

You can easily talk yourself out of planning and creating your business exit…     I’m many years away from being done with my business.     I don’t know what I want to do after I leave the business.     I just don’t want to think about it.     I will sell my business when I’m ready to retire.     If you wait too long you may deal with 2 life-changing possibilities. 1.     Your business may not be sellable. 2.     Your business may not be worth what you need to give you the money you need for the next phase in your life.   Working to create the business exit you want will help to ensure you navigate these successfully.   DM or call 425-654-7757 if you want to talk about how you can create the business exit you want.   Exit Your Way® - Helping build businesses that make more money today and can be sold or succeeded when owners are ready. #exityourway #success #manufacturing #ecommerce #businessgrowth #leadership #innovation #business

Them: Business owners are just in it for the money. Meanwhile… *Business owner’s taking pride in their craft and customer outcomes* And also… Managing the needs of their employees, caring about their wellbeing, ATO payment plans, GST, payroll tax, income tax, cash flow challenges, labour shortages, supply issues, rising input costs, uncertainty due to government policy, border restrictions, more. #iseeyou  #australianbusiness

Too many new businesses are started on a whim And a large majority end up failing Here are 5 things you need before starting your own business... 1) TIME If you think starting a business is going to mean you will now have a bunch of free time, think again. Most business owners have to put in WAY more than 40 hours per week especially in the first year or two. Long hours may not be necessary if you have another source of income coming in, but if you're going all-in on a new venture, you need to prepare yourself. 2) MONEY Yes, the goal of your business is to MAKE money, but you are going to need some money to get started successfully. Depending on the type of business you are starting will determine if you need more or less startup money. But don't fool yourself, every business requires some investment for startup costs (website, marketing, etc.) 3) EXPERTISE IN YOUR MARKET A great idea is not enough. You need to understand the customers in your market. What are their challenges? What solutions are they using today? What obstacles do they face with those other solutions? Researching, and talking to your potential customers is so often overlooked. 4) BUSINESS SKILLS When I first started Zero In, I grossly underestimated my sales and marketing abilities. I had a lot to learn. Do you have all the skills required to market, sell, and deliver your products/services? Do you have the strategic thinking, the resilience, and the drive to launch and scale your business? 5) WILLINGNESS TO TAKE A RISK For the first 43 years of my life, I was very risk averse. I never would have taken the chance to start my own business. But starting a business is in fact taking a risk. You need to be prepared. Now, depending on the type of business you are starting, you are going to need more or less of each of these 5 things. Perhaps you can afford to hire people that bring some of the things to the table that you do not. But, make sure you consider each of these things before taking the leap. And then? Enjoy the ride and embrace the journey! What else would you add to this list? Drop your thoughts in the comments 👇👇