When you’re running a business, it often feels like you don’t know which way to turn. Depending on where you are in your journey, there’s a good chance that you’re still doing the jobs of three or four people. With that kind of pressure, there’s barely time to breathe, let alone engage in things that don’t feel urgent.

If there isn’t an obvious “so what?” to a project, then why bother with it? It can wait until tomorrow, or the next day. Right?

At bizval, we strongly believe that getting regular valuations and doing an exit readiness assessment is one of the most powerful things you can do for your business. Despite this, many entrepreneurs are hesitant to go through with the process, particularly when there is no obvious deal on the horizon.

So, with that in mind, here are just a few thoughts in the “so what?” bucket when it comes to getting these processes underway long before you are planning to sell:

1.

Unless you understand the drivers of a valuation, how will you know where to actually focus in your business now to make it more attractive to a buyer later?

2.

How would you feel if the business valuation is vastly different to your expectations? Would that make you act differently, knowing it was worth a lot more?

3.

If the valuation comes out well below what you hoped, would that change how you allocate your most precious resource in this world: your time?

4.

If something serious changed in your life overnight, wouldn’t you prefer to have the option to sell your business vs. only starting the journey at that point?

5.

Are you familiar with the definition of insanity?

The last one caught your attention, didn’t it? Although frequently incorrectly attributed to Einstein* as the original source of this quote, it is true that insanity is doing the same thing over and over and expecting different results. If you are tired, burnt out and confused, then doing exactly the same thing this year that you did last year isn’t going to change your circumstances. In fact, they will just get worse.

Stress tends to compound over time, which is why many entrepreneurs suffer in their personal lives.

Perhaps the biggest “so what?” of all is that a valuation and exit readiness assessment could be the catalyst for the rest of your life as a business owner. It could help you set goals, focus accordingly and perhaps most importantly, slowly work yourself out of your business over time. Not only will it be more sellable, but you’ll have time for that dream holiday.

It starts here. Book an exploratory call today or get straight to it with a valuation or exit readiness assessment, all available at this link.

*In case you’re wondering, the earliest appearance of this quote is in the 1983 book Sudden Death by Rita Mae Brown. It was a murder mystery novel, which is perhaps appropriate for how tricky the journey as a founder can be

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Happy building!

bizval