Today in this column, I’d like to kick off a 10-part masterclass series on building value in your business. Here’s the truth. Every business owner will exit their business at some point. The question is, will it be on purpose or by accident? Unless a business goes bankrupt, there's a death, a disability, or an alternate outcome that is entirely out of your control, it is necessary to put some intentionally into your business exit plan.

• Will you transition your business to the next generation within the family?
• Will you sell your business?
• What kind of entity would you like to sell your business to?
• How can you preserve the legacy of your business and the service standard you’ve built with your clients?

Over the next couple of months, together with a fellow specialist on the subject of building business value - Louise Motuzas, who is a Certified Value Builder, I will help you think through your options, if you are looking to make a cash rich exit from your business in the next 5-10 years.

Louise is an accredited exit planner, she has previously been a guest on my podcast, “I’m a Millionaire! So, Now What?”. On that occasion, she joined me to dive into her lived experience of building a company, with her husband, and then selling the company. (Here’s a link to the EP: https://podcasts.apple.com/gb/podcast/create-a-business-not-a-job/id1432211995?i=1000548940665)

Why am I inviting you to focus on building value in your business?

What the heck is “value builder”, you ask? And why am I focusing on it for a few months? Well, I have talked about the value builder concept a number of times over the past couple of years. Many of you know that my business niche is providing financial advisory to support cash rich exits for businesses. I'm on a personal mission to double the number of Self Made Millionaires in Canada. Normalizing the building of wealth through your business is close to my heart.

So as we head into the planning season for another year, I want to encourage mindfulness and intentionality as it relates to the topic of business exits. And not just any exits but cash rich exits!

Please join me in this column over the next nine weeks to explore the eight drivers of building value within your business.

If you enjoy the audio medium, you’ll find a lot more in the podcast episode here. Have a listen! 

https://iamamillionairesonowwhat.libsyn.com/ep240-committing-to-building-value-in-your-business

And to end, today, an invitation to an Ottawa community

If you’re in Ottawa, you may be interested to hear that I'm reintroducing “Elevated Conversations” which originated in 2018 where I brought together smart investors and business owners to talk about interesting topics in technology and finance that were disrupting our world. With COVID and the end of dinner parties, we moved to virtual roundtables and now I’m bringing back masterminds in person

The event is on October 26, 2022, and is by invitation only.

Let me know via LinkedIn or email if you’re interested, and I’ll send you more information.