Business Assessments |
Purpose:
On any trip you are planning, to determine the quickest route to your destination the first thing you need to know is the precise starting point.
The second thing you need to be certain of is how prepared are you to begin the trip. Do you have enough gas to get there, tires and brakes ok? Engine performing efficiently? Problems in these areas are not something you want to discover once you are on the road.
That’s exactly what an objective assessment provides to the business. Regardless of your destination, you need to know where you are and that your vehicle can complete the trip.
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Benefits:
Whether you are looking to fund, grow or sell your business you are a seller and time always favors the buyer. Therefore one of the primary success factor is how long it takes to complete the transaction.
If first impressions are lasting you want to project the best image out of the shute to increase the potential for success in the shortest eriod of time.By spending a little time up front you can save an enormous amount on the back end and significantly improve your financial return.
- The longer it takes to fund the business the worse the rates and T’s & C’s
- The longer it takes to grow the business the more expensive it becomes and the more you will be inclined to lower the price.
- The longer a business is on the market the less the selling price…just like a house
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Key Assessment Categories: We have developed 5 assessments that we have determined cover the categories necessary to address funding, growth and divestiture. They include:
- The Bankability Index A measure of what areas hamper your ability to get funding
- The Salability Index A measure of what areas potential buyers will try to exploit.
- The Business Model Index Is your model optimized for the growth you desire?
- The Sales Process Index Can your sales process support your business model?
- The Web Site Index Your image to the outside world.
The assessment process involves a short interview designed for 4 hours or less and an analysis period and report generation which should be available in two weeks.