Does Your Business have Value?

Consider this: value largely equals profit that is sustainable and transferrable. So ultimately much of the value of a business is based on its ability to continue operating profitably without its CEO. If you are irreplaceable, then your business will have a discounted value to a third party versus if you’re able to be around for 6–12 months to facilitate the transition of the company to its new ownership. Having independent management with the proven ability to take over if you’re not around makes a company more valuable. Can your business do this today? If not, we recommend that the shareholder(s) and management jointly develop a corporate contingency plan for the business. Ohio business coach, Ralph Berge can help. Call him 440.838.0991.