In less than 20 minutes a week, we'll introduce you to an expert or business owner with deep experience in what they do. Grow you, grow your team, grow a small business.

In this episode of "Grow a Small Business," host Rob Cameron sits down with Len Bober, a seasoned expert from lb advisory, who brings over 250 valuations worth of expertise. Gain insights into valuation triggers, methodologies, and actionable steps to enhance your business value. Join us as Len Bober shares invaluable advice for small business owners.

Key Takeaways for Small Business Owners:

Valuation Triggers: Business owners seek valuations for reasons like dilution of shareholding, selling the business, or resolving shareholder disputes.

Valuation Process Overview: It involves gathering financial data, assessing historical performance, conducting industry research, and evaluating business risks.

Valuation Methodologies:

• Discounted Cash Flow (DCF): Suitable for businesses with strong growth prospects, focusing on future cash flows.

• Capitalization of Earnings: Emphasizes historical earnings and future forecasts to determine value.

• Asset-Based Method: Values assets and liabilities, often used for businesses with unclear future prospects.
  
  

Our hero crafts outstanding reviews following the experience of listening to our special guests. Are you the one we've been waiting for?

Factors Influencing Business Value:

• Quality of Earnings: Consistency and scalability of earnings are crucial.

• Human Capital: Alignment among owners, reward systems, and staff motivation impact value.

• Intellectual Property (IP): Protecting and leveraging unique IP can enhance business value.

• Management Quality: Strong governance and deep management teams add value.
  
  

Key Focus Areas for Improving Business Value:

• Consistency of Earnings: Maintain consistent and scalable earnings.

• Net Profit Performance: Aim for industry-standard or better net profit margins.

• Strategic Investments: Invest in research, development, and IP to enhance value.

• Management Quality: Strengthen governance and management teams.

One action small business owners can take:

One action small business owners can take, as suggested by Len Bober, is to focus on the quality of their earnings. Ensuring consistency and scalability of earnings, as well as maintaining industry-standard or better net profit margins, can significantly improve the value of their business.

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Quotable quotes from our special Grow A Small Business podcast guest:

Quality of earnings drives the heartbeat of business success – Len Bober

Consistency in performance is the bedrock of business valuation – Len Bober

Intellectual property is the currency of innovation in business – Len Bober

In this episode, dive into the inspiring journey of small business growth with Alicia Cook, founder of Emerson Health. Discover actionable insights on team building, effective marketing strategies, and navigating challenges. Gain invaluable advice to accelerate your business success from Alicia's wealth of experience and expertise.

Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let’s get into it by clicking here.

Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.

And a snapshot of the final five Grow A Small Business Questions:

1. What do you think is the hardest thing in growing a small business?
   
   Alicia Cook believes that the toughest challenge in growing a small business is knowing what steps to take next and avoiding tasks that consume time without driving progress. This struggle highlights the importance of prioritizing actions that propel the business forward while sidestepping distractions.
   
   

2. What's your favourite business book that has helped you the most?
   
   Alicia Cook's top business book recommendations are "Buy Back Your Time" by Dan Martell, "The One-Page Marketing Plan" by Allan Dib, “Scaling Up” by Verne Harnish and “Here be Dragons” by Richard Mulholland.
   
   

3. Are there any great podcasts or online learning resources you'd recommend to help grow a small business?
   
   Alicia Cook recommends "Pro Serv Podcast" by Collective 54 for insights on sustainable boutique consulting businesses. She also suggests "Chill & Prosper" by Denise Duffield-Thomas for money mindset. She also listens to "Built to Sell Radio" by John Warrillow helpful, especially for the tiny tweaks that add value to a business as it grows.
   
   

4. What tool or resource would you recommend to grow a small business?
   
   Alicia Cook recommends getting a coach and considering joining an accelerator program as effective tools for launching a small business. She emphasizes the value of mentorship and structured programs in providing guidance and support tailored to business needs.
   
   

5. What advice would you give yourself on day one of starting out in business?
   
   On day one of starting out in business, Alicia Cook would advise herself to prioritize diligent hustling over excessive networking. She emphasizes the importance of focusing on activities that directly contribute to business growth, rather than getting caught up in socializing. This advice underscores the need for strategic action and perseverance in the early stages of entrepreneurship.

Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights!

Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.

Quotable quotes from our special Grow A Small Business podcast guest:

Success is achieved not just by milestones, but by the relentless pursuit of our mission – Alicia Cook

In business, knowing what to do next is as crucial as avoiding what doesn't move us forward – Alicia Cook

Delegation isn't just about freeing time; it's about investing in the growth of your team –Alicia Cook