ist magazine February 2023

Feature

ReframeYour BusinessValue Discovering the hidden value in your organization By Lisa Apolinski As your business matures and grows, you may start to think about how you plan on moving toward a significant end goal: selling your

Many companies will only look at the revenue goals and inventory or client list. There is a misconception that only companies with inventory are worth purchasing. There is an even broader misconception that, if you are in the service in dustry and do not have a tangible asset, you do not have some thing worth buying. Regardless of whether your company sells widgets or ideas, you may already have business value – you just have not yet recognized it as having worth. Whatever your current situation, here are ways to reframe how you see your business value.

company. Whether you are in products or services, every business has to decide on an exit strategy. Will you sell your business to a family member so the business can continue to grow? Will you bring in investment capital to expand? Will you sell to a competitor as part of a merger and acquisition? Or will you someday simply close the shutters and turn off the lights?

Romolo Tavani / stock.adobe.com

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February 2023 istmagazine.com