|
Growth vs Value - What's the Difference?
|
|
|
Let's talk about something we all hold dear: growth. In the dynamic world of business, growth is often hailed as the ultimate measure of success. We strive to expand our reach, increase our revenue streams, and employ more people. But what if I told you that chasing indiscriminate growth might not always lead to the ultimate payoff?
Picture this: you've built a thriving business, but your endgame isn't just about making it bigger; you dream of selling it to a strategic acquirer. Well, here's a reality check – not all growth is created equal when it comes to boosting your company's value.
Enter the strategic buyers – the cream of the crop, the ones willing to pay top dollar for something they can't easily replicate. These savvy investors aren't just interested in numbers on a balance sheet; they're after that special sauce that sets your business apart.
Take the tale of Michael Lieberman and his company, Datastay. They didn't just provide software solutions; they revolutionized an entire industry. Lieberman knew the value of staying laser-focused on their niche – product lifecycle management software for brake manufacturers. And boy, did it pay off when Autodesk came knocking.
Autodesk recognized Datastay's unparalleled dominance in the brake industry and saw a golden opportunity to expand their own portfolio. The result? An extraordinary offer – ten times revenue – for a company with just nine employees. Not too shabby, right?
But here's the kicker: if Lieberman had succumbed to the temptation of broadening his revenue streams, he might have diluted the very essence that attracted Autodesk. Instead, he stayed true to his roots, refusing to stray from his core mission.
Why? Because strategic acquirers value focus over fluff. They want that one puzzle piece that fits perfectly into their grand scheme, not a mishmash of unrelated offerings. So, while private equity firms might crunch numbers based on EBITDA multiples, strategic buyers are playing a different game altogether.
In essence, it all boils down to this: strategic growth isn't about spreading yourself thin; it's about doubling down on what makes you truly exceptional. So, the next time you're tempted to chase growth for growth's sake, remember the sage advice of entrepreneurs like Lieberman – stay focused, stay disciplined, and watch your value soar.
Until next time, keep hustling!
|
|
|
GROW YOUR WATERCOOLER GANG
|
|
|
Network with Wisconsin Power Partners (WPP)
|
|
|
Wisconsin Power Partners (WPP) is not just your average networking group – it's a thriving community of small business owners coming together to support each other's growth and success. As a proud member and operations support for WPP, I've witnessed firsthand the incredible impact this dynamic organization has had on entrepreneurs in Southeast Wisconsin.
With nine chapters and counting, WPP brings together a diverse membership spanning across a multitude of industries. From retail to technology, healthcare to hospitality, WPP members represent a wide range of businesses, each bringing their unique expertise and perspective to the table.
At the heart of WPP is the belief in the power of networking and community. Through regular meetings, events, and educational workshops, members have the opportunity to connect, collaborate, and learn from one another. Whether it's sharing best practices, exchanging referrals, or simply offering a supportive ear, WPP provides a platform for small business owners to thrive together.
|
|
|
9-2-5 BUSINESS BOOSTER CLUB SPOTLIGHT
|
|
|
The Power of Strategic Partnerships to Nurture Your Business
|
|
|
Attending the Value Builder Summit was truly eye-opening, particularly in highlighting the power of strategic partnerships. I've always valued surrounding myself with complementary skills, but the summit deepened my understanding.
Strategic partnerships go beyond expanding networks; they're about finding collaborators who share core values and beliefs. For me, it means teaming up with those who embody curiosity, continuous improvement, and a thirst for knowledge.
These partners not only enhance my business but also contribute to personal and professional growth. Together, we're not just providing services; we're pioneering, pushing boundaries, and making significant industry impacts.
However, it's crucial to nurture these relationships and cultivate a culture of collaboration and respect.
Together, we achieve more than we could alone.
As you navigate your entrepreneurial journey, choose partners aligned with your values and vision. Trust me; strategic partnerships will propel your business to new heights.
Keep partnering strategically, and watch your business soar!
|
|
|
THE WIZARD OF OPS (AND STRATEGY) 🪄
|
|
|
Optimize Your Speaker Business with Speakerflow: The Ultimate SAP Solution
|
|
SOS is currently helping authors/speakers and thought leaders to run their businesses more efficiently while growing the value of their companies. Look no further than Speakerflow – your go-to platform for skyrocketing your success as a speaker. But first, let's talk about SAP (Systems, Applications, and Products in Data Processing) and why it's a game-changer for your business.
SAP tools are designed to streamline and optimize every aspect of your speaking business on one platform. From lead generation and booking management to client communication and performance tracking, SAP does it all – and more.
So, why is SAP so beneficial? Here are a few reasons:
Efficiency: With SAP, you can automate repetitive tasks and workflows, freeing up your time to focus on what you do best – speaking. Say goodbye to manual data entry and administrative headaches.
Organization: Keep all your speaking engagements, client details, and communication history neatly organized in one centralized hub. No more searching through endless spreadsheets or email chains – everything you need is right at your fingertips.
Scalability: As your speaking career grows, SAP grows with you. Easily manage multiple bookings, events, and clients without missing a beat. Plus, customizable features allow you to tailor SAP to fit your unique needs and preferences.
Insights: Gain valuable insights into your speaking business with advanced analytics and reporting tools. Track your performance metrics, identify areas for improvement, and make data-driven decisions to propel your career forward.
Now, why choose Speakerflow as your SAP solution? Simple – they use Zoho apps as the foundation for their operating system.
Zoho apps are renowned for their user-friendly interface, powerful features, and seamless integration capabilities. With Speakerflow, you get the best of both worlds – a cutting-edge SAP platform built on a solid foundation of Zoho apps.
So, if you're ready to take your speaking career to new heights, it's time to partner with Speakerflow. With their innovative SAP solution to operate your business on autopilot, then the sky's the limit for what you can achieve as a thought leader in the speaking industry.
Connect with us at SOS to see how we are implementing Speakerflow for our clients.
|
|
|
VidGuide: Your SOP Solution
|
|
Say goodbye to repetitive explanations and hello to streamlined processes with VidGuide – the ultimate SOP creation tool. Here's why it's a game-changer:
- Efficiency: Save time by eliminating repetitive training sessions and allowing team members to learn at their own pace through video guides.
- Consistency: Ensure uniformity in task execution across your organization by standardizing procedures with VidGuide.
- Scalability: Seamlessly scale your operations with standardized processes, creating new video guides as your business grows.
- Knowledge Retention: Capture and preserve valuable expertise in video form, making it accessible to everyone in your organization.
- Time Savings: Reinvest the time saved from streamlining processes into strategic initiatives and business growth.
Ready to liberate yourself from day-to-day minutia? Try VidGuide today and unleash the full potential of your business!
|
|
|
Unveiling the Butterfly Effect in Your Business:
Why Ignoring Chaos Can Cost You
|
|
Today, let's dive into a topic that often goes unnoticed but packs a powerful punch in the world of business – the interconnected web of processes. It's like a symphony; every instrument plays a crucial role, and if one goes off-tune, chaos ensues.
The Butterfly Effect in Business
Ever heard of the butterfly effect? In business, it's the small changes in one area that can lead to a hurricane of problems elsewhere. Many business owners inadvertently make process changes without understanding their ripple effects across the entire organization.
Here's the kicker – all parts of a business are connected. Think of it as a well-choreographed dance; when each step is executed flawlessly, the performance is mesmerizing. But disrupt the rhythm, and you've got chaos on your hands.
|
|
|
Jean-Eric Plamondon - Avoiding The Commoditization Rat Race To The Bottom
|
|
My favorite podcast this past month is on Built to Sell Radio. I met Jean-Eric at my recent Value Builder Summit in Orlando in February and his story is inspiring!
Jean-Eric Plamondon. His story truly resonates with me as it exemplifies the essence of being ready for anything as an entrepreneur. Thriving on uncertainty and be ready to turn it to gold is an entrepreneurial mantra!
|
|
|
As entrepreneurs, we understand that lightning can strike anywhere, but it's the fusion of opportunity and preparedness that leads to success – what some might call luck. Jean-Eric's journey is a testament to this philosophy, where he's taken scraps and turned them into a thriving business.
I've been truly inspired by Jean-Eric's ability to capitalize on opportunities and use his growing experience as a guide for future endeavors. In this episode, we'll delve into his remarkable journey, exploring how he's navigated challenges and leveraged each opportunity to propel him forward.
So, get ready to be motivated by Jean-Eric's story of resilience, resourcefulness, and entrepreneurial spirit.
|
|
Psst, hey you! Yeah, you with the coffee cup.
We know you're taking a "water break" right now, but guess what?
We've got the inside scoop on next month's newsletter.
So keep your ear to the ground (or your eyes on your inbox), because we'll serve up more piping-hot news before you know it!
|
|
|
|
