Does your business work for you, or do you work for your business?
Did you know there are 1,700,000 small businesses (with 10-250 employees) in the US alone? That a whopping 85 percent never become buyable, and most of them are out of business in 10 years? And most that only one in 10 businesses ever finds an investor or buyer?
What do these “1 in 10” successful businesses have in common?
In his top-rated book Buyable, best-selling author, successful entrepreneur with an exit, and sought-after consultant Steve Preda will show you how to turn your business into a valuable asset. You’ll create a buyable business even if you have no plan to sell it. Why? Because your business will work for you with very little effort, supervision, and stress from you.
Buyable will be your trusted companion. It’ll show you practical, simple, and applicable steps to run a business that’s highly profitable, fuels your dream life, and grows with or without you.
Not only that, but with Buyable you’ll also
How to define your ideal life. Then define the business to get there. And then bridge the gap between definition and reality by creating the business value you need The seven management concepts. You’ll master the basics of a profitable business and turn your business into a self-managing machine How to grow your business value. Chapter seven and eight will show you simple blueprints and secrets to create a buyable business that very few entrepreneurs know! How to "groom" your business and set it up for a sale by refining your financials, strategies, and assets Time to sell! What it takes to do it, how to find investors and buyers, prepare for the big exit day, and sell your business with a big payout How to leave your company without breaking your heart. Learn to say good-bye, assess your options, and stay engaged, active, and excited about life Whether you have only a few years running a small business or are a seasoned expert, Buyable is the companion you need.
Steve Preda takes his decades of experience, research and statistical data to walk the reader through not only the life of building a Buyable Business but the pit falls and opportunities that can arise along the way. Without focusing on only one management blueprint or style, he highlights the main concepts that have been adopted and adapted over the past century and gives them all equal and fair consideration. At times it can get a bit technical or distracting with some of the specifics but overall his direct interaction in both his European and American negotiations play into his explanation of how to layout the plan of starting, building and orchestrating a Buyable Business.
Buyable is a great book for owners and managers of the small and medium size enterprises. It explains with compelling logic why any business owner should build his business to create long term value. Well structured and easy to read - with a holistic approach it guides the reader in selecting what and how to apply for the development of her own company. Definitely recommended to read for anyone considering to sell his business within a 5-10 years horizon, but beneficial to any SME owner/manager.
I wish I had this book 24 years ago when I started my business. I would have definitely done things differently. The author does an excellent job at describing why you want to create a "Buyable Business." I appreciate his casual writing style and use of stories and examples. This book should be mandatory reading for all success-oriented business owners to see a bigger opportunity in front of them. Highly recommended!
"Buyable" is a treasure trove of valuable and specific information, written in a vivid and compelling style by a genuine, heartfelt business leader willing to share not just his insights but also his own failures and the lessons he's learned.
The book synopsizes a dozen different management blueprint systems, provides key lessons for improving your valuation and how to exit if desired, and top to bottom is chockfull of incredible takeaways.
My copy is now festooned with tape flags for quick reference -- but they may be moot because I fully intend to read the book again.