Buyable: Your Guide to Building a Self-Managing, Fast-Growing, and High-Profit Business (Entrepreneur Tools Book 1)

Buyable guides you to building a self-managing, fast-growing and high-profit business, that others want to buy and invest in. By turning it buyable, your business becomes a vehicle that helps you reach your Ideal Life. DOES YOUR BUSINESS WORK FOR YOU OR DO YOU WORK FOR YOUR BUSINESS? Did you know there are 1,700,000 small businesses (with 10-250 employees) in the US alone? A whopping 85% never become Buyable, and most of them are out of business in ten years? And the most important question Only one in ten businesses ever finds an investor or buyer. What do these 1 in 10 successful businesses have in common? In his top-rated book, Buyable, bestselling author, successful entrepreneur with an exit, and sought-after consultant Steve Preda will show you how to turn your business into a valuable asset. Youll create a Buyable business even if you have no plan to sell it. Why? Because your business will work for you with very little effort, supervision, and stress from you. Buyable will be your trusted companion. Itll show you practical, simple, and applicable steps to run a business thats highly profitable, fuels your dream life, and grows with or without you. Not only that, but with Buyable youll also How to define your ideal life. Then define the business to get there. And then bridge the gap between definition and reality by creating the business value you needThe seven management concepts. Youll master the basics of a profitable business and turn your business into a self-managing machineHow to grow your business value. Chapter 7 and 8 will show you simple blueprints and secrets to create a Buyable business that very few entrepreneurs know!Once you apply these management principles to your business, youll prepare your company for a sale. So youll also How to "groom" your business and set it up for a sale by refining your financials, strategies, and assetsTime to sell! What it takes to do it, how to find investors and buyers, prepare for the big exit day, and sell your business with a big payoutHow to leave your company without breaking your heart. Learn to say goodbye, assess your options, and stay engaged, active, and excited about lifeWhether you have only a few years running a small business, or are a seasoned expert with years in the game, Buyable is the companion you need. Praise for Buyable is a holistic framework for creating a self-managing business and shaping it with the ideal buyer or investor in mind. I highly recommend it! Gino Wickman, author of Traction and Entrepreneurial Leap Steve has done a remarkable job capturing the key elements that make a business successful - and sellable - in a readable and actionable format. I wish more business owners would read this before they come to me to sell! Michael Metzger, Business Broker, Murphy Business I wish I had this book 24 years ago when I started my business because it would have changed the way I looked at things. The author has done a tremendous job of articulating the value in creating a "Buyable Business." Highly recommended for all business owners. Mike Capuzzi, Author, Marketer, Blogger "This is a must read for every entrepreneur and business owner. Title Page 2 Copyright 4 Dedication 5 Contents 6 Preface 9 Introduction 12 Part One: Design Your Future 18 Chapter 1: Why Build a Buyable Business? 19 Is Your Business Buyable? 21 Are You Strategic or Opportunistic? 27 Are You Reactive or Proactive? 32 Chapter 2: Your Ideal Life 40 What Would Fulfill You? 41 Meaningful “Retirements” 42 The Questions to Ask Yourself 45 What Is Your Magic Number? 47 Chapter 3: The Value You Need to Create 55 Valuing Your Present and Your Future 57 Visualize the Gap 64 Part Two: Orchestrate Your Business 71 Chapter 4: The Seven Management Concepts 72 Three Ways to Build a Business 73 Concept 1: Culture - Chester Barnard 76 Concept 2: Structure - Alfred Chandler 78 Concept 3: Vision - Abraham Maslow 80 Concept 4: Strategy - Peter Drucker 82 Concept 5: Execution - Andy Grove 83 Concept 6: Process - Frederick Taylor 86 Concept 7: Alignment - Jim Collins 88 Chapter 5: Use a Management Blueprint 90 10 Management Blueprints 91 The Pioneers 92 The Classics 96 The Third Wave 102 Chapter 6: How Management Blueprints Work 108 The Foundation 110 The Direction 118 The Production 126 Part Three: Drive Growth and Value 141 Chapter 7: Master the Basics 143 Clean Records 143 Structure Customers 147 Manage Assets 152 Update Contracts 155 Chapter 8: Engineer Value 159 Value Drivers 161 Find a Blue Ocean 162 Pull Out the Stops 170 Fine-Tune the Machine 174 Chapter 9: Groom Your Business 181 Fix Your Financials 182 Sell Your Strategy 186 Polish Your Assets 191 Cover Your Bases 195 Run Your Business 201 Part Four: Construct Your Ideal Life 204 Chapter 10: How to Cash in 205 Harvesting Equity 205 Maximizing Dollars 208 Other Considerations 212 Chapter 11: Execute a Transaction 218 What Does It Take to Do It? 219 The Transaction 221 Preparation 222 Finding Your Investor 226 The Endgame 230 Chapter 12: Live Your Purpose 236 Saying Goodbye 236 Staying Engaged 238 Conclusion 243 Review Request 246 About the Author 247 Acknowledgments 248 Further Resources 251 Endnotes 252 Index 260 "Turn your business into a vehicle to reach your ideal life. Do you own a business that isn't living up to its potential? Are you feeling frustrated by your company's lack of growth, profit, or value creation? Do your employees wait for you to make decisions, instead of driving your organization forward? If you are facing one or more of the above scenarios, Buyable shows you a way out of this joyless rut. You can remodel your business into a self-managing, fast-growing, and highly profitable enterprise that allows you to live the life that you desire. The secret is to build buyability into your business--and to do it before your company succumbs to the natural forces working against its success. When you consider that the life span of the average small business is less than nine years, that most companies never mature into the valuable businesses their owners intend, and that only 1 in 10 ventures ever finds a buyer, you can understand why it's urgent that you transform your organization into a Buyable Business now. The good news is that any viable enterprise can be turned into a Buyable Business, by methodically following the guidance laid out in this book. And when you finally own that Buyable Business, you may find you never want to part with it. Keep or sell, Buyable shows you the fastest, straightest, and simplest route to buyability."-- Provided by publisher