Why do I need a Business Coach
Many business owners and managers find their original ideas and motivations for going into business have vanished and they have just created another job for themselves. Sound familiar? At Cougar Corporate we can help you to work on your business so that rather than a job, it becomes a working investment. |
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The reason most people go into business is to live a dream, have greater freedom and earn more money than what their wages would have provided. Most new owners are passionate and have the enthusiasm to make it succeed, but unfortunately most owners lack experience and expertise in many areas.
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Increase the profit and value of your business
Business Coaching and Mentoring
One of the best investments you can make is to employ the services of a Qualified Business Coach. The investment that you make in their coaching services, will pay many times over. Not only will your profit increase, but the value of your business should rise dramatically and you will be educated on how to take time out of your business and enjoy more family time.
Exit Strategies (Including preparing your business for sale)
Below is an example of a business that has engaged the services of a Business coach, after several brainstorming sessions and a business plan put in place the business owner and coach have come up with some achievable forecast figures. Look closely at the forecast increase in profit, you will then notice what a huge impact it has on the potential value of a business.
Retail Store example
Major Financial Objective |
Now |
Forecast |
Revenue |
$380,000 |
$551,760 |
Profit |
$19,000 |
$104,187 |
Net Profit Margin |
5.0% |
18.9% |
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Potential Valuation |
Now |
Forecast |
Discounted Cash Flow |
$55,760 |
$305,760 |
Multiples |
$45,600 |
$250,048 |
Please note: There are many factors that go into working out the value of a business.
The above potential valuation method has been calculated using a multiple of 2.4.
A large majority of business owners are relying on their business as a sole source of retirement income. We can help you prepare your business so that you receive the best possible sale price.
Quiz
Ask yourselves these questions
- If you walked away from your business today, for two months, would you find it operating smoothly and profitably when you returned?
- Are you able to take 2-4 weeks holidays with your partner and children?
- Have you ever had a work free vacation (no mobile phones or laptop)?
If you answered NO to all of the above questions, you don’t have a Successful Business; all you have is a glorified JOB. |
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