Dear
E-Myth
Reader,
Strategically speaking, doing the right things will add value to your business' bottom line. Focus on fundamentals and your
business will be more valuable and more resilient in challenging economic conditions. We invite you to
read the article Add Value To Your Business.
Owner's Roles
A small business owner is an investor and a CEO. Potential conflicts of interest exists between these two roles, one
wanting
a return on investment, and the other with a fiduciary responsibility to grow the business. The investor may be impatient
to pull money from the business, while the CEO needs capital to develop infrastructure. Recognize that these roles have
the same long-term objectives, and make strategic decisions that account for both perspectives.
Maximize Your Business' Value
E-Myth advocates documenting systems as one mechanism that will surely add value to your business. We also recommend
setting the long-term goal of increasing your business' bottom-line value. Higher valuation is dependent upon sustainable
profitability, and is well-served by strategic thinking.
Mechanisms that add value to your business include
Optimize The Owner's Investments
Optimize Revenues
Acquire Appropriate Debt
Systemize Your Operations
Minimize Expenses
Minimize Taxes
Expect The Unexpected
Learn more in the article Add Value To Your Business.
On The Website
The winner of the 2008 E-Myth Entrepreneur of the Year award, given by the National Association for Community
College Entrepreneurship (NACCE), has been selected. See the news at the E-Myth
website.
We're offering 50% off a 2-day Leadership Intensive Retreat for those enrolling by 31 January 2008. This is a
savings of $747.50 and available seats will fill quickly. See the Special
Offers page for more detail.
In January 2008 we're hosting Virtual Training Seminars; Key Frustrations
Process on January 17, and Systems Evaluation on January 23. See the Virtual Training Seminars calendar for details.
Our current poll question is 'Which of these purchasing styles best describes you?'
Cast your vote and check the results at the E-Myth website.
Yours Truly,
The E-Myth Team
|
My E-Myth
