How to Change the Valuation of Your Business

How to Change the Valuation of Your Business

The Power of Doing – Part 1, Taking a Good Look in the Mirror

As we approach Thanksgiving and the end of November, we enter the classic end of year/beginning of new year cycle of evaluation, analysis, planning, and commitment to the future.  What has your year been like?  You’ve had challenges no doubt because there is not a year that goes by where there aren’t challenges.  Have you had a good year?  A less than stellar year?  No matter what kind of year you’ve had or what challenges you’ve had one thing is certain.  This year is gone and it isn’t coming back.

Isn’t that how it goes?  Each year we look back and we think about how fast it went and how it kind of slipped away from us.  I know that’s the way it has been for so many of my clients over the years.  Here they are in their 60’s or more and they’re talking about how they really should be doing something to be sure they’ve got a way to stop working, transition out, have financial independence.  Dude, if you’re in your mid to upper 60’s and you expect to significantly change your outcome, I have some bad news.  Unless you’ve got another 5 to 10 years of energy and commitment not much is going to change.

Is that the way it’s going to be for you?  Are you going to start each year with the best of intentions only to let each year slip away from you with all the challenges that distract your attention day after day, week after week, month after month, year after year, until you too are the owner in your 60’s, tired, wanting out, and facing a financial outcome that is not pretty at all?

It doesn’t have to be that way of course.  You could be among the minority of owners who take charge of their future, who set out a course of action and in spite of the challenges manage to stay on track.  So to close this year, I’m going to map out for you the proven paths I have found that allow owners to get the outcomes they want.