Today on IHAQ, we welcomed Erin O’Leary. Erin is a Business Broker for BayState Business Brokers.
We asked Erin how someone creates more value in their business?
Erin explained that way that you establish value for your business is based on the current cash flow of the business. The more efficient your business is, the more value it has to buyers.
Erin also mentioned reinvesting in up-to-date technology and equipment when applicable. This type of overhead has value and is attractive to buyers.
Buyers want to see that the business can run with or without the current owner, so the more efficient a business is, the more it can attract on the open market.
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