Defining (and Meeting) Your Long-Term Business Goals
We all either know (or are) someone who gets so wrapped up in his or her business that it starts to become the sole purpose of their life; their sole sense of identity. Even if one's business is thriving to the greatest extent of the imagination, very few people want to spend their lives caught up in the day-to-day, nine-to-five grind of running a company.
That is why it is so important to define your business goals, and set the benchmarks you need to reach to meet them. You need to visualize what your endgame is for your company. Do you someday want to sell it? Do you want to pass it down to your children? Do you want to have your company running as a source of passive income wherein you don't have to spend long man hours in the office?
If any of these are goals of yours, it's critically important to see where you are currently in your business's life cycle, and how close you are to meeting the goals that will allow you to follow through on your desired exit strategy when the time comes.
We help our clients do exactly that. One tool in our toolbox is the Value Builder System™. This tried and true system has been used by countless entrepreneurs and business owners (myself included) to understand and improve the value of their company in order to set and meet long-term business goals.
When using the Value Builder System™, and implementing the key strategies, business owners have been able to significantly increase the value of their business. Having a valuable business with concrete, attainable goals allows you the flexibility to choose the destiny for yourself and your company.
No matter what your strategy is and no matter at what stage your company currently resides, I would highly recommend taking this quick Value Builder assessment to see how you can improve your business's value. You will be one step closer to attaining your long term business goals. To find out more about the Value Builder Assessment and to get your Value Builder score, click here.