The Wealthy Entrepreneur Blog
"Successful entrepreneurs are not satisfied with status quo. They are constantly looking for new opportunities to improve their current situation and increase their impact."Â
Robert Gauvreau
We get to see a lot of company founders who are contemplating an exit. Some of our customers get lucky early in life, but in the vast majority of examples where a founder is getting a seven- or eight...
The value of your business comes down to a single equation: what multiple of your profit is an acquirer willing to pay for your company?Â
profit Ă— multiple = value Â
Most owners believe the best way...
You've likely heard the adage that it is far easier to cross-sell an existing customer a new product than it is to find a new customer. Â
And if your goal is to grow at all costs, then cross-selling...
Are you tempted to re-sell someone else’s product to boost your topline revenue? Â
On the surface, becoming a distributor for a popular product can appear to be a simple way to grow your sales—simpl...
One of the core principles of creating a more valuable business is ensuring it can run  without you by getting managers to think like owners. Â
The theory goes that empowered employees are the best p...
One of the biggest mistake owners make in selling their company is being lured into a  proprietary deal.Â
The Definition Of A Proprietary DealÂ
Acquirers land a proprietary deal (or “prop deal”) whe...
Small businesses stay small either by choice, or because they start chasing growth in  the wrong places.Â
When you strip away the layers, it all comes down to darts. Â
Imagine a dart board with a bu...
The very best time to sell your business is when someone wants to buy it. While it can be tempting to continue to grow your business forever – particularly when things are going well -- that decision...
Stephanie Breedlove started Breedlove & Associates in 1992 as a way to pay her nanny. The big payroll processors weren’t interested in dealing with one person’s wages and doing it themselves was com...
Where do you sit on the doer vs. dealmaker continuum? On one hand, you have business owners who are really good operators. They have a plan, know their numbers and work that plan. They look for small ...
