According to:
- The Small Business Administration—about 50% of businesses fail in the first 5 years of operation.
- Forbes magazine—80% of business never sell.
- Brokers—60-70% of business listed for sale, never sell.
Those are some pretty bad statistics. Yet, we see and hear of companies that sell for pennies on the dollar, others that sell for 30X earnings, and others with unbelievable values and NO earnings. What’s a business owner to do, especially if getting MAD (Mergers, Acquisitions, Divestitures) is an unlikely success strategy? Personally, I believe there is always a better way, that it is simpler than you imagine, and the next steps are clear. Here are three actions you can take to make your business Even BETTER.
- Figure out your personal WHY.os, that of your leadership team, and for your company.
- Join your PaC (Peer Advisory Council) to get continuing support.
- Get Clarity on what your business looks like from the outside.
WHY Peer Advisory Councils Create CLARITY
1. WHY.OS
Why we do things is the ultimate motivator. It forms the basis for the culture in an organization and empowers a team to achieve its best. My WHY is finding a better way to do things, faster, cheaper, higher quality. It drives me to achieve. What drives you, your leadership team, and your company? Learn more and take the first step to discover you WHY.os.
2. PaC—Peer Advisory Council
Everyone needs help along the way. With six-year-old and three-year-old grandchildren I see how much they need to learn in so many ways, including encouragement for proper behavior and immediate consequences for bad behavior. In business, sometimes we need others to show us where we are blind to our own tendencies. How you get better is by talking with and listening to others. It simplifies the process. That’s HOW I prefer to do things.
3. CLARITY
There’s a good reason that so many businesses don’t sell and owners don’t achieve their final goals. If WHAT you ultimately need is your business to be a legacy, help others, fund your retirement, then you need to find clear measures of how your business is doing as viewed by others. Don’t kid yourself into thinking your business is better than it is.
Over the next year, I’ll offer the opportunity to learn more about each of these areas on a rotating basis, starting with WHY.os in September. They will be held virtually on the last Thursday of the month at 7AM Pacific and last just one hour.
Each series of three workshops is intended to answer these questions for you and your business.
Why do you do what you do?
- Why do you do what you do?
- How can you get help to succeed?
- What is the value of what you want to accomplish?
Register on Eventbrite, for free, for any of the sessions. Just click below.
September: WHY.os Why do you do what you do?
October: Peer Advisory Council How can you get help?
November: CLARITY What is the value of what you’ve accomplished?
December: View On Demand versions
January: WHY.os Why do you do what you do?
February: Peer Advisory Council How can you get help?
March: CLARITY What is the value of what you’ve accomplished?
April: WHY.os Why do you do what you do?
May: Peer Advisory Council How can you get help?
June: CLARITY What is the value of what you’ve accomplished?
July: View On Demand versions
August: View On Demand versions
WHY you, your leaders, and your company do things and exist is the greatest motivator. This is where agreement and culture start. HOW you move forward is with the help of others, especially others that you can count on for unbiased advice, confidentiality, and experience. WHAT you want is your company to accelerate, to REV up its Revenue, Earnings, and Value. Learn more to put the WHY/HOW/WHAT to work for you and your business.
WHY Peer Advisory Councils Create CLARITY
