ascendBIZ2

08/29/2023

Adopting the right mindset can help you make your business more successful.

Check out this article to find out why altruistic practices can help you build "resilient, value-driven businesses that also foster employee loyalty, public trust and long-term success."

https://www.entrepreneur.com/growing-a-business/adopting-business-value-does-good-makes-you-more-money/450392

How entrepreneurs can adopt altruistic practices in order to build resilient, value-driven businesses that also foster employee loyalty, public trust and long-term success.

08/22/2023

Maximum effort does not ensure better results. Sometimes less is more.

What works? "The 85% rule, which counterintuitively suggests that to reach maximum output, you need to refrain from giving maximum effort."

Find out more about this strategy here:
https://hbr.org/2023/06/to-build-a-top-performing-team-ask-for-85-effort

An outdated way of thinking about peak performance is: “maximum effort = maximum results.” But research shows that it doesn’t actually work that way in reality. Here’s what actually works: The 85% rule, which counterintuitively suggests that to reach maximum output, you need to refrain from ...

08/15/2023

Embarking on the journey of starting a business is no small feat. And neither is the process of selling.

Eventually, every small business owner will sell their business. It's not just a financial decision; it's also an emotional one.

Is your time here? If so, there are five considerations to keep in mind:

1. Get Ready For The Emotional Roller Coaster
2. Identify The Second In Command
3. Clean Your House Before Inviting People Inside
4. Prepare For Diligence
5. Tell A Powerful Story


https://www.forconstructionpros.com/business/article/22863878/glc-advisors-five-key-considerations-to-selling-your-business

08/08/2023

Performance enablement is the key to unlocking the full potential of your team. The link below explores the shift from traditional performance evaluation to a more empowering approach. Discover how focusing on growth, development, and continuous feedback can enhance employee engagement and drive exceptional results: https://www.forbes.com/sites/forbescoachescouncil/2023/05/17/from-evaluation-to-empowerment-the-power-of-performance-enablement/?sh=5a970b0a90c1

Performance enablement creates a more supportive and collaborative approach to performance management by shifting the emphasis to growth and development.

08/01/2023

Do you have a business exit plan?

Establishing an exit plan for your business is crucial to getting the highest value from your investment of time and money.

It gives you control ​when exiting from a business.

If you’re making higher profits than anticipated, you already know and understand the value of your business.

Then you’ll be able to make an informed decision on whether or not to sell at that time.

Here are some more insights into having an exit plan.


https://yourexitmap.com/impressions-of-value-in-exit-planning/

Business owners, advisors, and buyers frequently have widely different impressions of value when it comes to a business.

07/25/2023

As an entrepreneur, trust in yourself. It is vital for the business to grow and to be able to run the business efficiently.

Learning how to listen to advice and leave the noise is essential too.

Entrepreneurs listen carefully before acting on feedback received.

It's all about learning about your business and what it needs for it to succeed.

Learn these seven reasons why you should trust your gut in entrepreneurship.


https://www.entrepreneur.com/leadership/7-reasons-to-trust-your-gut-in-entrepreneurship/450378

You know what's right for you, so trust yourself!

07/18/2023

Eventually, ​every ​founder will sell their business. Why? ​The reasons vary: a good buyer comes along, retirement, a new business venture, etc.

Regardless of the ​reason, preparation is the key. ​Is your business ready to be sold for the best price possible?

Ensure it is by following this ​guide:


https://www.businessleader.co.uk/guide-selling-business-good-bad-ugly/

Our warts and all guide to selling a business will help you understand what goes into selling your 'baby'.

07/11/2023

Do you know that business valuation can save you from financial vulnerabilities?

It is worth noting that most people seek an expert business valuation opinion when it comes to business valuation.

Now more than ever, basic knowledge of different valuation approaches would be the game changer when determining the best way forward for your company.

Discover more about different valuation approaches today.

Click the link below for more.

https://www.financialpoise.com/3-approaches-to-business-valuation-methods/

Are you valuing your business for a transition, taxes or even litigation? The impetus will determine the business valuation methods you use.

07/04/2023

When selling your business, ​do you sell amid uncertainties or wait for calmer financial times?

It is ​of utmost importance to business owners to focus on the right time to sell their business.

It is worth noting that by keeping their focus, ​business owners will not lose sight of the market's essential aspects.

Discover how you can sell your ​business amid uncertainties today.

Click the link below for more.

https://www.forbes.com/sites/forbesfinancecouncil/2023/04/06/can-i-sell-my-company-in-an-uncertain-market/?sh=415cf86ba21e

The ups and downs of the financial markets tell a different story each day with lows and recoveries that make it difficult to predict if a rebound or recession is on the horizon.

06/28/2023

The ultimate dream of every entrepreneur is to grow a business and eventually sell it for a good amount of money.

If you are planning to sell your business soon, there are some things you need to do to get the maximum price. This article highlights six things to do while preparing to sell your business in 2023.

https://www.entrepreneur.com/starting-a-business/selling-your-business-do-these-6-things-right-now/447711

If you want the maximum price you need to make these moves before you do anything else.

06/20/2023

Selling a business can be a complex process, but it's essential to consider all options to maximize your return on investment.

Whether you're looking to retire, move on to a new venture, or capitalize on your hard work, selling your business can set you up for long-term success.

When preparing to sell your business, one crucial step is to have a solid understanding of your financials.

Potential buyers will want to see financial statements for at least the past three years, so ensure they're up-to-date and accurate.

So, are you ready to take the next step and sell your business?

Read on for more steps to selling your business.

https://www.businessnewsdaily.com/how-to-sell-your-business

Taking these steps to sell your business will ensure you maximize your value and transfer ownership smoothly.

06/13/2023

Expanding your product or service portfolio is one way to drive revenue growth.

It involves introducing new products or services that complement your existing offerings or developing new ones that cater to a different market segment.

This expansion attracts new customers and increases revenue from existing ones.

Entering new markets is another way to drive revenue growth. It means expanding into new geographic regions or targeting new customer segments.

Discover more ways to maximize ​your business value.

https://www.inspiringmeme.com/five-ways-to-maximize-your-business-value/

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