Business Owner Breakthrough Podcast
It's time to move from Operator to Owner!
Are you tired of feeling trapped in the day-to-day operations of your business?
Maybe even to the point where you're starting to think about your exit?
Look no further!
The Business Owner Breakthrough podcast is here to help you break free from the struggles of entrepreneurship and turn your worries into wins.
Hosted by Pete Mohr, Certified Exit Planner, Kolbe Coach and business owner for over 30 years.
Quick episodes full of actionable takeaways for those ready to make change in their lives and businesses.
Business Owner Breakthrough Podcast
Value Builder Driver #1: Financial Performance
In this episode of the Business Owner Breakthrough, Pete Mohr discusses the critical importance of financial performance as the first driver in the Value Builder System. He emphasizes the need for clarity, predictability, and strong financial metrics to enhance business value and attract potential buyers. Common mistakes such as neglecting bookkeeping and cash reserves are highlighted, along with actionable steps to improve financial understanding and forecasting.
Takeaways
- A valuable business has clarity and predictability in financial performance.
- Buyers prefer stable, profitable businesses with strong financial histories.
- Understanding EBITDA is crucial for assessing business value.
- Focusing solely on revenue growth without healthy margins is a mistake.
- Poor bookkeeping can lead to skepticism from potential buyers.
- Maintaining cash reserves is essential for operational stability.
- Tracking key financial metrics is vital for business health.
- Predictability in financial performance reduces buyer risk.
- Forecasting financials instills confidence in potential buyers.
- Understanding your financials is key to maximizing business value.
Pick up a copy of Pete's new release:
The Business Owner Breakthrough
On Amazon in Kindle or Paperback editions
Are you looking to make some changes in your business and your life in 2024? Head over to speaktopete.com and book a chat with me to see if we're the right fit!
Maximize Your Business’s Value with the Value Builder Assessment!
As a business owner, do you know what your company is truly worth? The Value Builder Assessment is a powerful tool that helps you uncover the key factors influencing your business’s value. Whether you're considering a sale, planning for the future, or simply want to grow, this assessment offers actionable insights to increase your business’s worth and appeal to potential buyers.
Don’t leave your business’s future to chance. Click here to take the Value Builder Assessment and start building a more valuable, resilient business today!
Book a no charge Freedom Call with Pete, to see if you’re a good fit for his business coaching or talk to Pete about speaking at your next event head over to http://speaktopete.com to find a time that works for you!
Pete's Websites:
Pete-Mohr.com
The Exit Ready Business
Kolbe Coach
Simplifying Entrepreneurship
LinkedIn at https://www.linkedin.com/in/petemohr/
Instagram at ...