COVID-19 STRATEGY – GAIN CONTROL, BUILD VALUE
Having survived hurricanes, the dot.com bust, 9-11 and the Great Recession, I am sure of two things regarding Covid-19: 1) This too shall pass. 2) Now is the perfect time to make the structural changes required to build a durable and valuable company. Consider the advice of author Stephen Covey.
Covey wrote the best-selling book, “7 Habits of Highly Effective People.” Four of those habits are particularly relevant today.
Sharpen the Saw refers to the old Abraham Lincoln quote "If I had eight hours to chop down a tree, I'd spend six sharpening my axe" — This is a great time to learn and improve.
Be Proactive - Act, don't be paralyzed by fear.
Begin with The End in Mind — Put the structure in place now to build value for the long term.
Put First Things First - To help people prioritize, Covey introduced his four-box quadrant, where he encouraged readers to prioritize their day across two dimensions: importance and urgency. Covey described that all of us start with the critical and urgent tasks, after which, most people choose to prioritize the urgent but unimportant tasks.
Covey illustrates how the most successful people show a different pattern. They move from the critical and essential to the critical functions which are not time sensitive. In other words, most successful business owners will turn their attention to value building.
As a Certified Value Builder Consultant, I can help you take the necessary steps that enable you to navigate the Covid-19 crisis and take steps to increase the value of your business over the long term.
A Four Box Quadrant Strategy for Operators from VBB Advisors
Remember, as Stephen Covey points out, once the urgent and important issues are dealt with – those critical and time sensitive matters, your next step is to deal with the important, but not urgent issues. Among those key items utilizing Mike Kelner and the Value Builder System to take critical steps that will enhance the value of your business.
Your #1 and #2 quadrant items might differ slightly. That’s why we are offering the
The worksheet comes with a guide to help you understand the thought process surrounding each of the four quadrants. Fill it out for yourself and once you deal with the urgent and important matters, let’s have a conversation about how to build the value of your business for the long term.
Call me: (704) 942-4621
Email me: email@example.com
We specialize in sell-side advisory services and mergers & acquisitions. Our focus is on maximizing the realized value on behalf of our clients. VBB manages the entire process from valuing your business, assembling
information, to qualifying prospective buyers, through due diligence, legal documents and closing. Our process is entirely confidential in order to protect the interests of our clients.
Business Valuations. VBB business valuations are based on financial analysis and actual market comparables producing extremely accurate estimates of value.
Financing Assistance. VBB will provide assistance to businesses in the acquisition of various types of financing. Services include preparation of loan packages and presentation to various funding sources.
Strategic Consulting. With over 30 years of experience in the industry, VBB brings to bear a wealth of knowledge in all aspects of the business.
Buy-Side Services. On a contract basis, VBB will assist qualified, well-financed buyers seeking acquisitions in the vending, office coffee and bottled water industries.
Preparing Your Business for Sale. VBB offers a two year strategic plan designed to prepare a business for a successful sale and maximize value on exit.