If your goal is to build a more valuable company in 2021, here are some “new year” resolutions to consider: 1. Stop chasing revenue. A bigger company is not necessarily a more valuable one if the extra sales come from products and services that are too...
Analysis from The Value Builder System shows entrepreneurs’ changing attitudes around exit planning as a result of COVID-19. This pessimism seems to be impacting business owners’ future plans for their exit. Traditionally, many small businesses have been passed...
Calculate your EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) is a measure of profitability that excludes expense items that are determined by your financing strategies...
When was the last time you calculated the percentage of your net worth tied to your company’s value? When you started your business, its value was probably negligible. Unless you purchased or inherited your company, it wasn’t worth much when you opened your doors, but...
The COVID-19 pandemic has changed nearly every aspect of how we work, create value, and serve customers. Many CEOs and business owners face important choices around short term decisions while trying to look forward to a better future. A June 2020 McKinsey study,...
I was inspired by Rita McGrath at the Swartz Center for Entrepreneurship Corporate Startup Lab Forum at Carnegie Mellon University. Rita is a long-time professor at Columbia University and expert on innovation and growth, and in her keynote she discussed her book,...