Increasing the value of your company ( It's not just about profit! )
Andy Hurst
Andy Hurst tells us why it is important to add value to our businesses.
to which there are lots of answers. Here are four:
A
It's a GREAT discipline to run our business as if we mean to sell it. It forces us to start to design a business independent of ourselves as owners. It tends to make us focus on the right
things; on the fundamental assets that underpin the business model and not just revenue and profit. These assets create long term wealth. And they also drive current revenue and profit - income follows asset.
Keeping the business assets under review on a regular basis acts as a kind of 'Log Book' for your business, keeping you honest to your vision and also making a powerful narrative to a buyer if you ever come to sell.
business owner said to me last week: "Why should I be interested in driving asset value when I have no intention of selling my business?" It's a reasonable question. And one
It's often not about selling wholesale. Many businesses are greatly strengthened by equity-sharing Trade Partnerships. Many management teams are hugely motivated by equity sharing arrangements. To bring in trade Partners or your own
management you need to understand the asset value - and to ensure you get the best deal it's obviously critical to maximise it. And that takes time.
It's energising. Remember how it felt in the property boom knowing what your house was worth? It can be the same with a business. After all for most of us our business is the
single greatest asset we have. Why not be energised by tracking and building its value? b
stop illiteracy The Nepalese government has launched an ambitious new programme which aims to eradicate illiteracy in the country by 2015. The Literate Nepal Mission aims to ensure 1.38 million Nepalese people learn to read and write every year for three years, with an investment of Rs 3.95bn (£27.9m). According to the Ministry of Education
(MoE), the country’s literacy rate currently stands at 70%.The MoE is encouraging all literate people to be part of the campaign, calling on civil servants, teachers and army personnel to help work towards the target. Around 36,000 centres will be created to teach literacy classes, with the help of 27,000 volunteers.
PERSONAL DEVELOPMENT
BRING HAPPINESS I’ve
always been a spiritual person but I had never
Anne Assid North Hampton, UK
Anne Assid
involved myself in any self development groups. But
2 years ago, I went through a terrible heart-breaking
experience that woke the spiritual part of myself. As I was certain that everything happens for a reason, I started to look for an answer what could cause that situation. I came across Louise Hay and Paul McKenna's books and started using some techniques. After quite a short period of time after using them I had a feeling that the heartbreaking thing happened to somebody else not to me. 12 months ago I switched on to Louise
Hay’s work and started using affirmations relating to buying a house. That task looked rather pretty hard to do. But I managed to buy a brand new house that I am moving in next month. My relationships with people and family have started to improve. As I started using Louise’s affirmations and Paul’s visualizations techniques, our relationships shifted. My job relationships have never been bad but they shifted too and recently I have been offered a more responsible position to take. My days are generally brighter and nicer. @AnnaAssid