Because I am one, I know that mothers are often the primary (and sometimes even the solo) breadwinner in the family, and both are really BIG jobs! So I’m pleased to share with you the 7 best tactics I use as the entrepreneurial mother® that have enabled me to not only build my 7-figure Mother of a Business, but build to a size where I could Sell it.
Using this great article from the Boston Post (Ten Must-Do’s When Preparing to Sell Your House) as a base, I’ve adapted it to fit in regards to your Business…
!["Thinking is the hardest work a [Wo]man can do"](/uploads/image/image/438/thumb_feature_halldenise--updated.jpg?1330311418)
"Thinking is the hardest work a [Wo]man can do" Napoleon Hill During the life-cycle of building a Mother of a Business, it makes perfect sense to ask a number of provoking, asset-protection, risk-minimisation questions to get YOU, the Business Owner, thinking along the lines of Starting with the End in Mind TODAY, regardless of how old the Business is.
A little while ago, I came across this… according to recent statistics in the Wall Street Journal from the Center for Women's Business Research in the U.S., there is only 3% of women-owned businesses with a revenue of $1million or more in The Million-Dollar Club... (and I bet that percentage is a whole lot smaller again if being the only breadwinner for the family is also taken into account)
What does that mean exactly? No doubt when starting out, you will have heard how you should “start with the end in mind”? Coming from experience, it’s really hard to do that without knowing what the “end” can look like.
Lets look at how well your Business sells its stuff. What I mean by that is… have you been able to make a go of your Business? Is your business making a profit? How does your Business make money?
Offline? Online? Or is it a combination? Do you have a strategy for both? Do you have numbers and statistics for both? How do they complement each other?
Through selling three of my own “Mother of a Business”, and continuing to assist other business owners, here’s what to think about WHEN wanting to go down the EXIT path. Not only is the Right Time about demonstrating when your Business does what it does, and when else it might do so, but also when is the ideal time to actually put your Business on the market…
