Which of these will enable your company worth
Ask yourself this question – for me to enable building even greater shareholder value, or the net worth of my company, is it our organization culture, our strategic plan or our strategic plan execution that we need to focus on?
We share with business owners, building their company net worth is either occurring because of these three all being aligned and well managed or it’s being impeded by one, two or all three of them. Knowing which for your business is crucial. Step back from your day to day running of the business and assess where you are with these three critical factors. Gaps in any of the three will lead to gaps in your achieving the company net worth you desire for one day getting to your euphoric exit event.
Organization Culture – do you have the right people in the right seats with the right focus for building company worth. Are your people trained and empowered to focus on the customer and do they have a passion for working well together as a unified team in delivering a competitively unique and compelling customer experience?
Strategic Thinking & Planning – does your team have a documented plan as to where you want to take your business? Is your team good at thinking and talking at a strategic level about what markets and customer types you want to serve? The products/services you want to offer and how you will offer them uniquely in bringing value to your customer or client? Hope is not a plan so building a strong strategic thinking and planning muscle within your company is essential to building the company that will one day enable you to command a premium valuation for you at time exit.
Strategic Plan Execution – is your team aligned with you and with each other in terms of what initiatives your plan calls for? And does your team have a good track record of successfully implementing on your plan?
Give the opening question to this post some serious thought about your company. Without delivering on all three of these critical factors you would have to rely on hope and luck to achieve your desired future exit event. But being honest with yourself today and identifying where these three may need improvement is a giant first step in addressing any gaps to you achieving a future euphoric exit event.
