In part 1 of Preparing Your Business To Exit At Top Dollar Valuation, we talked about the mindset to your exit is key, with the first 3 focuses being:
1. Having the right people in your corner to advise you
– note the Henry ford example
2. Creating an Actionable Plan
– this may also be referred to as a vision for what you want to see happen
3. Executing on that Actionable Plan
If you haven’t read that article, yet please visit this first before continuing on: https://therealdealmaker.com/preparing-your-business-to-exit-at-top-dollar-valuation-part-1
(it’s a 5 minute read that is well worth provide immense value to you)
Now to part 2;
In The healthcare space this is fairly simple and fairly easy to execute.
Of course it is relative to knowing what to do and how to do it.
In the Healthcare space, we take a look at your net revenue, get to understand the numbers behind how that totals up and we have immediate measures we can implement to lower your expenses, thus raising your bottom line and improving your profit margin.
Lowering the output of cash, automatically increases the valuation of a company as you have increased the margins.
Now, envision lowering costs by 3-5%. What will that do to your bottom line?
Next, envision that you are able to lower costs by more than 5%. What will that do to your bottom line?
These are the areas to focus on, once you have established
1. having the right people in your corner
2. Having an Actionable Plan
3. Implementing on that Actionable Plan
These are some measures we utilize to dramatically increase the valuation of a company, which can take place very quickly with the right knowledge and know how.
– Justin Fishman, The Real Dealmaker™