Building Wealth
Most of us have seen an increase in our Net Worth over the last couple of years.  Housing prices have gone u 5%-20% depending on where you live in Orange County.  Stock portfolios have increased by over 10% or more.  However, if  you are like most, the majority of  your wealth is tied up in the success of your business.  Increasing the value of your biggest asset will have a much greater impact on your Net Worth and financial picture more than any run up in the prices of homes or stock market.  Here are 6  drivers  which impact the value of your business;
1. Â Consistent history of increasing revenue and profit combined with profession books and records.
2. Â Potential for Growth without relying on any one customer, employee or vendor.
3. Â Recurring Revenues
4. Â Is your business and business model differentiated from the competitors?
5. Â Customer Satisfaction which will lead to re-purchases and referrals.
6. Â Is your business able to run well without you in the picture?
If you have these drivers in your business now, you can get a premium for your business when it comes time to sell. Â Build your business and build your wealth.
