If youâre a business owner, youâre probably successful. But, is your business significant, or just successful?
If itâs successful, it provides you a good income. You might own a lovely house (or two). Nice cars. Travel well. Kidsâ college is paid. If the business you own has helped you achieve these rewards, you probably feel pretty successful. And you should. But, I want my companies to be more than successful; I want them to be significant.
A significant company has value beyond income. It is owner-independent and transferrable. It runs efficiently and has a diversified customer base. Its culture attracts workers and excites current employees. We begin the journey to significance by looking at our business through the lens of an acquirer.