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Buyable
Book

Buyable

Your Guide to Building a Self-Managing, Fast-Growing, and High-Profit Business

Steve Preda, 2021 more...


Editorial Rating

9

Qualities

  • Applicable
  • Eye Opening
  • Insider's Take

Recommendation

So, you want to start a company, or you recently opened the doors of your new business. You know intuitively that this is an all-consuming activity, so you never take your eye off the ball. What’s not intuitive is planning for where the ball will bounce when you want to sell your business. M&A expert Steve Preda explains that “proactive” owners who plan for this eventuality deliberately develop “buyable” businesses and can reap big rewards. “Reactive” owners who fail to plan for a future sale may find that their firms are “unbuyable” or end up selling at a discount. Preda tells owners how to structure their firms for maximum buyability – when the time comes. 

 

Take-Aways

  • Profitably cashing out at the right time should be a main benefit of owning a business, but few owners reap that reward. 
  • Create a buyable company through creative entrepreneurship, franchise ownership or a structured operation that follows a tested “management blueprint.”
  • Seven basic management concepts form the foundation for success in most business blueprints.

About the Author

Steve Preda is a management consultant, M&A adviser and business sales coach.  


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