Build A Company

Build your business to sell a company. I'm going to share with you two very important, very valuable lessons. Lesson number one, build your business to sell it. I learned this from my grandfather.

And if you're watching this, you're probably very similar to me. When anybody would ask me, What do you want to do? My answer was always, I want to own my own business.  As a child, I spent a lot of time with my grandparents and the only thing that I knew was my grandfather owned his own business. Looking back though, also now realize there was a pattern.

He would start a business, grow it and sell it. I recall him owning restaurants, hotels, office buildings, apartment complexes. At one point, he owned a bingo hall and he owned many other businesses.
And I also noticed that he was home a lot. No wonder I wanted to own my own business. He made it look really easy.

Now that I've had more than 30 years of my own entrepreneurial journey, I know it's not easy. Here's lesson number two Transform your business into a company and sell your company. And that's why I say build a business to sell a company.  What I've learned on my entrepreneurial journey and throughout my childhood was that companies are more valuable than businesses.

Let's look at one of my grandfather's companies, a hotel. If he were to have built that hotel and then sold it, he would not have gotten as much as if he would have built the hotel, started to run it, hired managers, clerks, maintenance crews and housekeeping people.

The essence of what Company Growth Academy does is it helps you transform your business to a company. And we do it in three steps. Step one, we determine your exit strategy, and that's when we figure out if you want to sell your business, pass it down hire somebody to run it, or even just walk away. Next, we identify your value drivers.  That's where you, as the leader of the company, determine where you should be focused to increase your value. And finally, we install operating systems so your team can handle the day to day, allowing you to step away and grow the company.

In the end, you're leading a company that's more attractive to potential buyers, and when the day comes and you're ready to sell it.  You'll sell your company at its optimal value. If you'd like to talk with me about transforming your business into a company, just go to CompanyGrowthAcademy.com and schedule a call with me.

If you think back to when you really thought you wanted to own your own business, I bet you actually wanted to own a company so you could lead your people, grow your company and live your life.