About this item
Highlights
- TURN YOUR BUSINESS INTO A VEHICLE TO REACH YOUR IDEAL LIFEDo you own a business that isn't living up to its potential?
- Author(s): Steve I Preda
- 290 Pages
- Business + Money Management, Entrepreneurship
Description
Book Synopsis
TURN YOUR BUSINESS INTO A VEHICLE TO REACH YOUR IDEAL LIFE
Do you own a business that isn't living up to its potential? Are you feeling frustrated by your company's lack of growth, profit, or value creation? Do your employees wait for you to make decisions, instead of driving your organization forward?
If you are facing one or more of the above scenarios, Buyable shows you a way out of this joyless rut. You can remodel your business into a self-managing, fast-growing, and highly profitable enterprise that allows you to live the life that you desire.
The secret is to build buyability into your business-and to do it before your company succumbs to the natural forces working against its success. When you consider that the life span of the average small business is less than nine years, that most companies never mature into the valuable businesses their owners intend, and that only 1 in 10 ventures ever finds a buyer, you can understand why it's urgent that you transform your organization into a Buyable Business now.
The good news is that any viable enterprise can be turned into a Buyable Business, by methodically following the guidance laid out in this book. And when you finally own that Buyable Business, you may find you never want to part with it.
Keep or sell, Buyable shows you the fastest, straightest, and simplest route to buyability.
By reading Buyable you will learn:
- Why you need to build a Buyable Business regardless of whether you ever consider parting with it.
- The difference between proactive and reactive entrepreneurs and how their approach determines their financial and emotional success.
- How to design the ideal future state of your business, from which you can reverse-engineer the steps to getting there.
- How to determine your personal financial goals, which your business should help you achieve.
- How to estimate the value of your business right now and how you can determine the value your company must be worth in the future to allow you to harvest the cash you need for your Next Chapter- Your Ideal life.
- The Seven Management Concepts that you need to master to orchestrate your business into a well-oiled machine.
- What a Management Blueprint is, the major principles involved, and how to pick one that is right for you.
- 10 Management Blueprints that can help you create the vision alignment, execution, and team cohesion needed to build a self-managing, growing, high-profit, and talent-attracting business.
- A recipe for mastering the basics components of your business so that you avoid landmines that could impede its future buyability.
- What the major value drivers of your business are, and how to engineer them into your company to create the most value in the shortest time.
- The ways to groom your business into a product that attracts investors and buyers who will value it highly.
- How you can harvest your business, with or without selling it, to achieve financial security, your desired lifestyle, and the purpose
that drives you.
- What your potential future roles in the business are and how to pick the one that fits your needs and personality.
Review Quotes
"Buyable is a holistic framework for creating a self-managing business and shaping it with the ideal buyer or investor in mind. I highly recommend it!" -- Gino Wickman, author of Traction and Entrepreneurial Leap
This is a must read for every entrepreneur and business owner. I expect this book to stand the test of time and become a business classic sitting beside some of the other great guides from Gino Wickman, Geoffrey Moore, and Guy Kawasaki.
-- Matthew Laherty, CEO of Platformatics
Steve Preda offers practical and actionable advice for any entrepreneur who wants to build a business and sell it. It's not easy to sell a business, and that's why this book is so valuable. I learned a lot reading it, and you will too.
--Steven S. Hoffman, Serial Entrepreneur and Author, CEO of Founders Space
In depth understanding of how to take a company, optimize performance, create systems, and then have it ready to be sold as an asset.
--Vikram Raya, Co-Founder and Owner, Viking Capital
Creating a self-managing business puts entrepreneurs in greater control of obtaining the right buyer, at the right time, with the optimal or best valuation. Steve gives a framework to achieve a thriving business and a thriving life for founders that read his new book.
--Richard D. Kelly, Former CEO and Co-Founder, Nutriati
Preda sets out, in succinct and very accessible prose the attributes required to make a business buyable and the methodologies which can be used to plan a path to that end. As a veteran of multiple business exits, I can say with confidence this is an invaluable read.
--Ian Leaman, International Board Director and M&A Expert
Steve has done a remarkable job capturing the key elements that make a business successful - and sellable - in a readable and actionable format. I wish more business owners would read this before they come to me to sell!
--Michael Metzger, Business Broker, Murphy Business