One of the biggest challenges for any thriving advisory firm is finding time (beyond day-to-day operations) to plan and execute on the activities which will most positively impact the business’ enterprise value.
We’re not talking about the “market cap plus debt, minority interest, and preferred shares, minus total cash and cash equivalents” financial definition of enterprise value. Instead, we’re talking about the ability of your business to not only survive but thrive without you. It’s a harsh but essential reality – the less dependent on you personally, the more valuable your business. So the question is, what actions can you undertake and what steps can you implement to help achieve that aim?Read More