The work-life balance: can you really have it all?
When was the last time you spent the weekend with your family or doing what you love the most without persistent thoughts about your business disrupting your downtime? If they’re there when you’re trying to enjoy a movie, or if they’re there during lunch with your family and friends, perhaps it’s time to take a step back and think about strategically doing something with your business, freeing up your time so you can appreciate the things that matter most.
As a business owner, of course you eat, sleep and breathe your business, but your growth might be being stunted by certain aspects that shouldn’t be taking up so much of your time. If you realize you might be missing something, then you’re in the right place to start getting some of that time back on your hands.
Of course this won’t be news to you, but the inescapable fact is that as a business owner you have a lot of responsibility. You’re not only solely responsible for keeping your business in the black, making sure you fulfill your clients’ expectations and paying your workers on time, but you’re also responsible for providing for your own life. These factors coupled with balancing the growth of your business may sometimes feel like an uphill struggle.
But there’s no need to climb the mountain alone if you consider the helping hand a partner could give your business through a merger and acquisition opportunity. Sharing the load with an equity partner opens up the door to a wealth of opportunity and could provide a valuable cash injection that would take your business to the next level.
Need to grow your business for that contract you just won? A partnership could help you upscale your resources to meet demand. Want to focus on your business growth rather than survival? A partial sale with the right partner could get you there. Through these means of capital infusion, your time and focus will preside over the growth of your business and no longer its inefficiencies.
If your business has outgrown its status as your ‘baby’ and it’s looking a little more like an adult who has flown the nest, perhaps it’s time to start thinking about how you are going to let your ‘baby’ go. If you’re at the point where you’ve taken your business as far as you can and you want to free up some time to enjoy the fruits of your labor – whether that’s spending more time with your family or on your favorite pastime – letting your legacy go the right way is vital.
Can you imagine guessing the value of your home and putting it on the market at that price without a valuation from a professional? The process of exiting your company should always start with a business valuation. Before you do anything with your company – partner, expand or exit – you must know what your business is worth.
A professional valuation is the key piece of knowledge you need in order to get the best deal. Whether you’re looking to exit your business or you still need more time with your “baby,” enhancing your business value is another surefire way to maximize your worth when it comes to sealing the deal when you exit.
But how can you seek capital infusion? How do you enhance the value of your business? How do you know you’re getting the best deal for your business? It starts with knowledge; knowing your business inside and out and knowing your growth potential and acting on it. At Generational Equity, our conferences will help you to utilize this knowledge. Whether you’re just starting to exit plan or you’re looking to let your business go, we’ll give you the support and guidance you need. Whatever your goals, wherever your business is headed – it all starts with Generational Equity. We’ll get you there.