Smart Exit™ Series for Shop Business Owners
John Anderson shares key areas of opportunity in every successful business exit strategy in this six-part series of articles written especially for the members of the Automatic Transmission Rebuilder’s Association (ATRA), and published monthly in the ATRA Trade magazine. The Smart Exit™ Series for Business Owners leads up to a half-day Smart Exit™ Workshop at the Automatic Transmission Rebuilders' Association annual international event - Powertrain EXPO in Las Vegas October 19-22.
Create Your Smart Exit™ You Can Make it Happen! You get things done. You make things happen. You figure it out and solve problems every day and you’ve been amazing people for years. You diagnose problems and fix transmissions and much more. You’ve...read more
Value Is a Function of Growing Assets with Manageable, Declining Risk The next step in preparing for a smart exit from your business, by determining and helping enhance your shop’s value. Every day when you go to work, your intent is to get more jobs in,...read more
You must increase value. It’s your job as CEO. More importantly, it’s your job as CIO, Chief Inspiration Officer, to demonstrate to the staff that it can be done and then show them how. There are multiple meanings to the phrase “increase the value.” What I’m referring...read more
All business owners want to know, “What’s my business worth?” But different buyers will put different values on your shop: Family Employee Ambitious Rebuilder Competitor Investor Strategic Buyer It's because they want different things. Family, an employee, or a...read more
All business owners want to know – “What is my business worth?” Knowing your business’ street value is important. Not what you think, but an objective dollar amount...read more
Benjamin Franklin once famously pointed out that nothing in life is certain, except death and taxes. But for shop owners, there may be another certainty to consider: the day when you decide it’s time to move on… to take the next step in your life. For some, moving on...read more