Making your company more valuable
Susan Schreter wrote an excellent piece on improving the value of a small business, whether it be for the purposes of selling the business or simply raising investment capital.
The key aspect that she talks about is making sure that as a company grows, it's success or failure (in terms of making money) is no longer dependent on the founder. If that is the case, the founder will have a tough time buying a buyer or investor unless he or she is willing to stay on and work for the company (nobody want's that do they?)
Anhow, here's a link to the article in the Seattle Post-Intelligencer:
http://seattlepi.nwsource.com/business/259030_schreter10.html
Its definitely worth reading.
The key aspect that she talks about is making sure that as a company grows, it's success or failure (in terms of making money) is no longer dependent on the founder. If that is the case, the founder will have a tough time buying a buyer or investor unless he or she is willing to stay on and work for the company (nobody want's that do they?)
Anhow, here's a link to the article in the Seattle Post-Intelligencer:
http://seattlepi.nwsource.com/business/259030_schreter10.html
Its definitely worth reading.
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