Stephen Krausse Northern Colorado Business Consulting public
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Businesses are bought and sold based on the perception of future value. Business owners are often experts in fields outside of business. We developed Business BeyonDIY to help you cross that chasm. Show Topics: Buying a Business Selling Your Business Preparing Your Business for Sale Practical | Actionable | Sustainable Business owners and entrepreneurs are go-getters. We start things other people don't (sometimes too many things am I right?) and we push through hard times. That means that en ...
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Navigating the Complexities of Input and Participation in Business Management Input vs. Participation | Business BeyonDIY | 009 In this episode of Business Beyond DIY, host Steve Krausse explores why a proposed document control system faced implementation challenges despite incorporating input from various stakeholders. He emphasizes the importance…
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Change is hard… Does it have to be? | Business BeyonDIY | 008 Overcoming Resistance: Effective Strategies for Change Management in Small Businesses In this episode of 'Business Beyond DIY,' host Steve Krausse discusses the common perception that 'change is hard' and explores whether it truly has to be that way for small businesses. Steve identifies…
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How will they value my business? That's what we're asking when we start to look at our exit strategy. If you research this you'll find what looks like a lot of possible valuation methods. Today I'll talk about what they mean and see if we can simplify the process. Spoiler alert... we can! Chapter Markers TBD after the show! Because the stream cut m…
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If you’re running a product-based business you’re dealing with inventory. Inventory management has a direct impact on the profitability of our business. How easy it is to transfer not only our physical inventory but the processes, sources, and relationships that power our inventory will have a direct impact on how the value a potential buyer will p…
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Valuing Your Business | Seller's Discretionary Earnings When it's time to value your business it can quickly seem overwhelming. It doesn't have to be! There are a number of standard valuation methods that are used and in this episode, we'll go through one of them called 'Seller's Discretionary Earnings' or SDE. We'll talk about: 1. What are Seller’…
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There are no absolutes when it comes to ‘warning signs’ and just because a warning sign exists doesn’t mean there is a substantive problem with a deal. Warning signs are merely what I call notifications for specific due diligence. You may see warning signs in the initial numbers, the shared business plan, or other documentation. It is equally valid…
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Get off to a good start when you’re ready to sell your business by putting these three things in place as early as possible. I know you’re thinking about how much you’ll get. You might even be working on the project that you want to start after the sale, whether that’s your next venture, a long vacation, or retirement. Bear with me though, it will …
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Why are you are buying a business? There’s no wrong answer but understanding YOUR answer matters! In some circles, the word ‘why’ is avoided and there are some good reasons for that. It can be off-putting and tends to put us on the defensive as we try to rationalize our position on a subject. “Why did you do that?” “Why is that important?” So, it m…
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Q: How do you get the best value out of your business when you’re ready to exit? Q: How do you get the best value out of your business while you’re still running it? A: Good News! We can use the same work to meet both outcomes! As entrepreneurs & business owners, it’s easy to get wrapped up in the doing. This puts both the day-to-day operational pe…
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Introducing our new show "Business BeyonDIY"! Buy a Business Sell Your Business Get your business ready for sale! I'll be covering topics relating to the transfer of business value so if you're thinking of buying a business, selling one or have one that you want to prepare for sale in the future... you're in the right place! Contact stephen.krausse…
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