Note from author: What would happen to your business if its owner or a key employee was unable to run it for months, or worse; ever again? Read this true story of how one company survived the sudden death of an owner...
Gary Holt Blog
Why is Ray Kroc the greatest small business person of all time? Because Ray Kroc, a door-to-door salesman, with no business experience and no money, saw an opportunity in a unique small business called “McDonalds”, and in less than 20 years grew it to over 30,000 locations, making himself and his fellow investors multimillionaires and billionaires, creating jobs for millions of people.
As a Project Manager, you carry the weight of the Company on your shoulders. You are responsible for creating clear, attainable objectives and building the requirements for each project. Once you have set these goals, it is your job to manage your staff through the constraints that you have set up for cost, quality, time, and scope. Of course, you already knew all of that.
Topics: profitability, process development, michigan consultant, project management training, workflows, management leadership, profit growth, business process management, construction project manager, six sigma project management, project cost management, project management tools, contractor operations team, business systems, workflow mapping, change management, productivity, workflow diagrams, business valuation, company valuation, project manager, project management, project management consulting, contractor operations, construction operations, construction operations team
Manage, Market, and Measure Business Valuation
If you are a business professional, chances are that you’ve heard of Shark Tank. The rags-to-riches investors tell it like it is, pulling no punches, but also make dreams come true.
There are 6 things that the Shark Tank Investors look for before they will invest in a company:
- A Business Model that has Proven to Return Recurring Profitability
- Long Term Growth with the Potential of Longevity
- High Profitability of 20-30% or More
- Sale and Marketing in Place to ensure driving Continued Profitablity
- Is Management in Place to Maintain and Improve the Business Models Performance
- As Kevin O’Leary says: “The Three Most Important things for a Business are Cash Flow, Cash Flow, and Cash Flow!”
Free Cash Flow is a moving target that demands constant systems evaluations and innovation that keeps everyone focused on the right issues, helps see risks, and helps you separate winning systems from losing systems. As you can see, free cash flow and discounted cash flow try to work out the value of a company today based on the projections of how much money it will make in the future. The basic idea is that the value of any company is the sum of the cash flows that it produces in the future, discounted to the present at an appropriate rate. Increasing business valuation ideas are shown below:
Topics: free cash flow, business strategy, exit strategy, exit strategy for a business, business valuation methods, cash flow, business success, valuation, business exit strategy, business valuation, company valuation, discounted cash flow