Many CEOs and Founders avoid the limelight because they’re busy building their businesses. They work IN their business with a focus on increasing revenue and profitability. Specifically, they are busy developing new products, serving more clients and customers, setting prices, increasing efficiency, and doing other things to build their business. These are all crucial
In my recent interview with Andrew Biggs for the Better Than Rich Podcast, we explored a topic that’s close to my heart and critical for every business owner: the exit. I shared something that often catches people off guard—up to 90% of businesses don’t sell. They simply shut down. That statistic isn’t just disappointing.
One way to potentially increase the attractiveness and value of a business to a potential buyer or investor is to create a business model that requires prepayment of the cost of goods and services sold. This means the company receives money for a service or product that has yet to be provided or delivered to
