How Business Owners Can Delegate More

From the Desk of Ryan Binkley

One of the most important, yet difficult, skills for many entrepreneurs to develop is the art of delegation. This is understandable because most have created a company from the ground up and at the beginning stages had to make every daily decision to keep the company moving forward.

However, at some point in every company’s growth, as certain revenue thresholds are met, it becomes more and more important for business owners to create a middle-management team and begin delegating key decisions to this group. Not only does this help them develop as managers, it also creates a more “buyer ready” business, one that has reduced the risk associated with owner dependency.

This is a key issue for many buyers and our lead article in this month’s enewsletter provides you with some solid ideas on how to delegate and allow your key managers to make important decisions. I hope that you find the information helpful and that it guides you to work with your management team in this important area, especially if you are close to negotiating with buyers for your business.

Please remember that your relationship with Generational Equity doesn’t end once our initial evaluation is completed on your company. We provide you with two updates of value at no additional cost over a five-year period. If your business is performing better now than it was a few years ago, it might be a good idea to contact us to review your company’s current business enterprise value.

Keep in mind that in addition to a value update, we also will provide you with our Roadmap for Enhancing Value, a document that is designed to give you ideas on steps you can implement to build the enterprise value of your business over time. Our clients find this tool extremely helpful as they focus on growing their business for future acquisition.

If you are interested in exiting your business and updating your company’s valuation, or if you’d like to make an informed decision about your options in the marketplace or have any questions for us at all, please call our Vice President of Client Experience, Jay Hellwig, at 877-213-1792, or send Jay an email at jhellwig@generational.com and he will be in touch.

Thank you for your time and I wish you all the best for the remainder of 2017.

Ryan Binkley
President & CEO
Generational Equity
http://www.generational.com