Jared Siegel talks about value acceleration and exit planning and uses scenarios to explain the importance of good business strategy in this solo episode of Success That Lasts.
Here are a few highlights:
According to studies conducted by the Exit Planning Institute, 99% of business owners agreed that having a transition strategy is important for both their future and that of their businesses. However, 79% had no written transition plan, 48% had done no planning at all, and 94% had no written personal plan.
Value acceleration helps measure the values of your intangible assets against other organizations within your industry.
“You can seldom improve quality by cutting costs, but you can often cut costs by improving quality,” Jared remarks. “The wrong cost-cutting can impact your long-term growth and reduce your overall long-term value.”
At its core, all authentic growth depends upon customers wanting more of what the company offers.
Resources
Jared Siegel on LinkedIn | Twitter
DelapCPA.com
