About The Construction Forum
Building value into your business
Do you know how much your business is worth? Not how much revenue it earns for you – but how much you could sell it for should you want to or need to sell it?
Building value into your business means having some idea of how much the market would pay for it – with or without you. Traditional measures used to assess a business’s value would include fixed assets, goodwill and intellectual property – but today would include your online presence and reach, page impressions and bounce rate.
You may still be decades away from exiting your business. Will you pass it onto your children? Sell to a competitor looking to consolidate a market? Encourage a management buy-out? Or simply wind it up? Business succession might not be at the top of your agenda today, but one day, it will be.
What action should you be taking today to ensure that your business is properly valued, and attractive to potential buyers, should an unforeseen event happen – illness or accident – that forces you to step back from running your firm?
The first thing to do is work out the monetary value of your business. This will give you a framework around which you can understand the dynamics of growth, and what effect boosting sales or rationalising overheads has on the valuation. Can you carry out the valuation yourself? What factors should you consider? Who can you turn to for help?
Whatever your short-term goals are, taking care of the value of your business is a skill worth acquiring! Join us at the Sixth Congress of Polish Entrepreneurs in the UK to find out how!
See you in November!
Bartlomiej (Bart) Kowalczyk
Founder & Director