From their combined 60 years of working with business owners, Mick and Andre have seen some important patterns that can be great indicators of where your business is and where it can go. In this episode, they lay out the 9 attributes of an investor ready business. You will get their valuable insight on how to understand these attributes and how to make them work for your business.
Many business owners get distracted and focus on the wrong things, so it’s important to pay attention to the right aspects of the business that will allow you to learn, grow, and become more effective. Mick and Andre explain the 4 stages of evolution every business goes through, as well as how to use your income statement as a tool to be more profitable. They also emphasize the importance of understanding proper debt management, operating procedures, and mastering your best business offer.
Listen to the Full Episode:
What You'll Learn In Today's Episode:
- The 9 attributes of an investor ready business.
- Four stages of evolution that your business goes through.
- How to ensure a predictable income that is scalable.
- Your money-making capability and how to be more profitable.
- The difference between good debt and bad debt.
- Advice for properly managing debt.
- How to build standard procedures that ease the process and help you avoid errors.
- The massive impact of mastering your value proposition.
Ideas Worth Sharing:
“If you speak to many business owners, these are the key things they know are critical to move their business to a different place.” – Andre Gien
“Within our customer portfolio, we often lose sight of the ability to manage our risk.” – Andre Gien
“Even in these large businesses, not understanding how cash will perform, not having predictability is a big red warning sign.” – Mick Holly
Resources In Today's Episode:
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