The following case study is based on a true story. It highlights the importance of co-owners in a business recognizing their exit objectives may not be aligned. Owners need to plan their exit years prior to the event and work with an experienced team of advisors, like our NAVIX Consultants.
Growing your business and creating value within your business are not the same thing and can be very difficult to accomplish simultaneously. The challenges of growing the business successfully are usually the owner's main focus. Yet maximizing the business value is of the utmost importance so that it is attractive to a potential buyer or successor at time of exit. This short video explains the difference between growth and value, and why it is necessary to create both within your company to achieve a successful exit.
