10 Steps to Maximize Private Business Value
Originally published: 08/03/2021 09:00
Publication number: ELQ-61354-1
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10 Steps to Maximize Private Business Value

Learn how to maximise Private Business Value with this 10-step methodology.

Description
Overview of the essential steps for optimizing business value for private owners!

As the owner of a privately held business, your company represents your biggest and most important asset. First, understand that as the owner/manager of a privately held business, you have two key roles -- CEO and shareholder. As CEO, your job is to make the best operations decisions for the business. As a shareholder, your primary job is to make the best decisions about your business investment. When it comes time to plan for the best transfer of the business, these two roles often do not coincide. Effective business transfer planning decisions must therefore take into account the differing needs of each role.

From the AICPA’s Strategic Planning Committee: “…today’s business professionals operate in a new economy where the old rules no longer meet market needs as fully as they once did. Increasingly, the business community is seeking professionals with the competencies to analyze today’s rapidly changing business environment and help them address broad strategic business issues. Research conducted by an international leader in market research showed that 76 percent of small, medium and large U.S. companies that employ professional services firms are devoting more resources to strategic planning compared to five years ago. More than half of these companies and professional services firms are finding it more difficult to identify people with suitable strategic skills.”

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