{"id":1983,"date":"2019-07-15T15:43:35","date_gmt":"2019-07-15T21:43:35","guid":{"rendered":"https:\/\/www.sunbeltnetwork.com\/lafayette-la\/?p=1983"},"modified":"2024-06-18T19:01:25","modified_gmt":"2024-06-18T19:01:25","slug":"6-ways-to-increase-the-value-of-your-business","status":"publish","type":"post","link":"https:\/\/www.sunbeltnetwork.com\/lafayette-la\/6-ways-to-increase-the-value-of-your-business\/","title":{"rendered":"6 Ways to Increase the Value of Your Business"},"content":{"rendered":"<p>Know the keys to increasing the value of your business. Sunbelt offers these 6 steps to set you on the path.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-1984\" src=\"\/lafayette-la\/wp-content\/uploads\/sites\/68\/2022\/06\/how-to-increase-business-value-image-1.png\" alt=\"increase business value\" width=\"300\" height=\"200\" \/><\/p>\n<p>After investing years of hard work running your business, you\u2019ll want to be sure you receive top dollar when it comes time to sell. Whether you\u2019re looking to retire or are interested in other endeavors, there are many options you can employ to improve your business and receive higher offers from interested buyers. To help increase the value of your business, follow these six steps.<\/p>\n<p>How to Increase the Value of Your Business<br \/>\nChoosing to list your business for sale is no small decision. Once you\u2019ve figured out how to tell your employees and clients you\u2019re planning to sell, you\u2019ll need to prepare your business for the best possible asking price.<\/p>\n<ol>\n<li><strong>Prepare Your Office Space<\/strong><br \/>\nBefore bringing interested buyers to your business, make sure it\u2019s tidy and ready for showing. While investing in major renovations may be out of the question, ensuring the space is clean and organized will go a long way during the selling process. Minor improvements that are budget-friendly yet appealing to buyers include fresh paint, clean floors and spaces, and an overall clutter-free area.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li><strong>Invest in Your Employees<br \/>\n<\/strong>In addition to tidying up, a well-trained staff can also drive up your business\u2019s value. If your staff will remain at the business under new ownership, it may be worthwhile to invest in their training. Finding quality employees can be quite time consuming and interested buyers may see a business complete with a great staff is worth more than others.<\/li>\n<li><strong>Note any Included Equipment<\/strong><br \/>\nDepending on the nature of your business, the cost of equipment and furnishings adds up quickly. If you plan to leave behind any equipment needed to run the company, advertise this perk to buyers. While these assets can result in a higher asking price, many buyers will be pleased with the convenience of the deal and happy to pay.<\/li>\n<li><strong>Highlight Your Niche<\/strong><br \/>\nIf your particular market is highly saturated, highlight how your business stands out among the competition. While it\u2019s ultimately up to the new owner to choose how to run the business, it can be helpful to show the current value in your business concept. Assets such as patents and other unique features can quickly increase the value of your business.<\/li>\n<li><strong>Organize Your Books<\/strong><br \/>\nCash flow is one of the most common factors considered during business valuations. Be sure to organize your records to help show interested parties your business\u2019 history and proven profitability. While new ownership can make or break a business, remember that all buyers are attracted to a successful, profitable business.<\/li>\n<li><strong>Address any Other Risks<br \/>\n<\/strong>During the sales process, listen to interested buyers and consider their feedback. In many situations, buyers are hesitant to place an offer on a business due to the many commonly feared risks involved rather than just the asking price. To help increase the value of your business and support a higher asking price, consider addressing reasonable concerns from buyers.<\/li>\n<\/ol>\n<p>If your business is ready to sell, consult a professional to help field offers and choose the best one possible. Contact your local Sunbelt Business Brokers office to get in touch with a broker today.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1871\" src=\"\/lafayette-la\/wp-content\/uploads\/sites\/68\/2021\/12\/Brain-Knoderer.jpg\" alt=\"Brain Knoderer\" width=\"86\" height=\"100\" \/><br \/>\nBrian Knoderer<\/p>\n<p>Brian Knoderer is the President of Sunbelt Business Brokers. He has over 20 years of experience as a business owner and managing business transactions. As a seasoned intermediary, Brian has successfully represented companies in a broad range of industries helping business owners achieve their desired exit strategy or growth initiative.<\/p>\n<p>Brian is also co-owner of Sunbelt Indiana and Managing Director of MMI Capital Partners, a franchisor focused investment banking firm.<\/p>\n<p>Previously Brian was involved in several entrepreneurial ventures as well as having held corporate roles in Franchise Development for Prime Hospitality and Choice Hotels.<\/p>\n<p>Brian is a graduate of Ball State University with a degree in Management Information Systems and earned his MBA from Butler University. He has received the Certified Merger &amp; Acquisition Advisor (CM&amp;AA) designation, holds both the Series 7 \u2013 General Security License and the Series 63 \u2013 Uniform Securities Licenses, and is a licensed Real Estate Broker. He has been affiliated with several organizations including the Entrepreneur Organization, a Member of the International Business Brokers Association, Venture Club, and a Board Member of The Entrepreneur Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Know the keys to increasing the value of your business. Sunbelt offers these 6 steps to set you on the path. After investing years of hard work running your business, you\u2019ll want to be sure you receive top dollar when it comes time to sell. Whether you\u2019re looking to retire or are interested in other [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":11673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[21,17],"tags":[],"class_list":["post-1983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-general"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>6 Ways to Increase the Value of Your Business - Sunbelt of Lafayette<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 Ways to Increase the Value of Your Business - Sunbelt of Lafayette\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sunbeltnetwork.com\/lafayette-la\/6-ways-to-increase-the-value-of-your-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Sunbelt of Lafayette\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-15T21:43:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-18T19:01:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sunbeltnetwork.com\/lafayette-la\/wp-content\/uploads\/sites\/68\/2022\/06\/how-to-increase-business-value-image-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Don Pippin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Don Pippin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/6-ways-to-increase-the-value-of-your-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/6-ways-to-increase-the-value-of-your-business\\\/\"},\"author\":{\"name\":\"Don Pippin\",\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/#\\\/schema\\\/person\\\/4fb06be32e100a88d89e8b76862333fb\"},\"headline\":\"6 Ways to Increase the Value of Your Business\",\"datePublished\":\"2019-07-15T21:43:35+00:00\",\"dateModified\":\"2024-06-18T19:01:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/6-ways-to-increase-the-value-of-your-business\\\/\"},\"wordCount\":736,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/6-ways-to-increase-the-value-of-your-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/wp-content\\\/uploads\\\/sites\\\/68\\\/2022\\\/06\\\/how-to-increase-business-value-image-1.png\",\"articleSection\":[\"Blog\",\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/6-ways-to-increase-the-value-of-your-business\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/6-ways-to-increase-the-value-of-your-business\\\/\",\"url\":\"https:\\\/\\\/www.sunbeltnetwork.com\\\/lafayette-la\\\/6-ways-to-increase-the-value-of-your-business\\\/\",\"name\":\"6 Ways to Increase the Value of Your Business - 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