As a small business owner, you’re always looking for ways to improve your business’s value and success. One of the most important steps you can take is to hire a certified Value Builder Advisor. In this article, we’ll explain what the Value Builder System is, why you should consider hiring a certified advisor, and how they can help you increase the value of your business.
What is the Value Builder System?
The Value Builder System is a proven methodology that helps business owners increase the value of their companies. It was created by John Warrillow, a bestselling author, and entrepreneur, who identified that there are eight key drivers of company value. By focusing on improving these drivers, business owners can increase the value of their companies and achieve a better sale price when they eventually exit the business.
The eight drivers of company value are:
Financial Performance: Your business should have strong financials and cash flow.
Growth Potential: Your business should have potential for future growth.
The Switzerland Structure: Your business should be able to run without you.
The Valuation Teeter Totter: Your business should have a healthy balance between risk and reward.
The Hierarchy of Recurring Revenue: Your business should have recurring revenue streams.
The Monopoly Control: Your business should have a unique advantage over competitors.
Customer Satisfaction: Your business should have satisfied customers who are loyal to your brand.
Hub & Spoke: Your business should have a system that allows for scaling.
Why should you hire a certified Value Builder Advisor?
There are many benefits to hiring a certified Value Builder Advisor. Firstly, they have been trained in the Value Builder System methodology and are equipped to guide you through the process of improving your business’s value. They can help you identify areas of weakness and develop a plan to address them.
Secondly, a certified Value Builder Advisor has access to the Value Builder System’s tools and resources. This includes an online assessment that evaluates your business’s strengths and weaknesses in each of the eight key drivers of company value. The assessment provides you with a score out of 100 and identifies areas where you can improve your business’s value. A certified advisor can help you interpret the results of the assessment and develop an action plan to address the areas where your business needs improvement.
Thirdly, a certified Value Builder Advisor has experience working with small businesses like yours. They understand the challenges that small business owners face and can offer practical advice and solutions. They can also provide you with access to their network of contacts, including lawyers, accountants, and other professionals who can help you grow your business.
How can a certified Value Builder Advisor help you increase the value of your business?
A certified Value Builder Advisor can help you increase the value of your business in several ways. Here are some examples:
Improve Financial Performance
A certified advisor can help you improve your financial performance by analyzing your revenue streams and expenses. They can help you identify ways to increase revenue and decrease costs, which will improve your cash flow and profitability.
Develop a Growth Strategy
A certified advisor can help you develop a growth strategy that is aligned with your business’s strengths and market opportunities. They can help you identify new markets, develop new products or services, and build strategic partnerships.
Implement Systems and Processes
A certified advisor can help you implement systems and processes that will make your business more efficient and effective. This includes developing a management structure that allows your business to run without you and implementing automation tools that save you time and money.
Build Recurring Revenue Streams
A certified advisor can help you build recurring revenue streams that provide a steady source of income for your business. This includes developing subscription-based products or services or implementing a loyalty program that incentivizes customers to keep coming back.
Enhance Customer Satisfaction
A certified advisor can help you enhance customer satisfaction by analyzing customer feedback and implementing improvements. They can also help you develop a customer retention strategy that will increase customer loyalty and reduce customer churn.
Build Monopoly Control
A certified advisor can help you build monopoly control by analyzing your competition and identifying areas where you can differentiate your business. This may include developing a unique product or service, building a strong brand, or establishing patents or trademarks.
Create a Scalable Business Model
A certified advisor can help you create a scalable business model by analyzing your current business model and identifying areas where you can improve efficiency and reduce costs. This may include implementing new technology, outsourcing non-core functions, or developing strategic partnerships.
By working with a certified Value Builder Advisor, you can improve your business’s value in each of these areas and achieve a better sale price when you eventually exit the business.
Hiring a certified Value Builder Advisor is a smart investment for small business owners who want to increase the value of their companies. When you focus on growing value, all other aspects of your company grow. A certified advisor can help you identify areas where your business needs improvement and develop a plan to address them. They can also provide you with access to the Value Builder System’s tools and resources and offer practical advice and solutions based on their experience working with small businesses like yours.
Research has shown that businesses that implement the Value Builder System methodology are more likely to achieve a higher sale price when they eventually exit the business. According to a study, businesses that scored above 80 on the Value Builder System assessment achieved a sale price that was 71% higher than the average sale price for businesses in their industry.
If you’re a small business owner with under $10 million in revenue, consider hiring a certified Value Builder Advisor to help you increase the value of your business. It’s a smart investment that will pay off in the long run.