Build a Business, Sell a Business: Part IV – Staying Ahead of the Curve

March 5, 2013 at 9:27 pm Leave a comment

future and pastIn spite of movements and messages to live simply, get back to basics,  or slow down and smell the roses, the business world roars ahead at a breakneck pace. A six month old ipad is past its prime, and at least for now, a blackberry phone is considered Neanderthal. Cars plummet in value the instant they’re driven off the lot, and, not to date myself, but where are Ipana, Camay, Aqua Velva, and Tang?

The moral of the story is that yesterday’s success is yesterday’s success. Business doesn’t grow in the past, it grows in the future. Quite simply, to maintain and sustain growth, business leaders must think and act ahead of the curve. Just because you plan to sell or transition out of your business in the foreseeable future doesn’t mean you can coast. Indeed, this is the time to think and act strategically and position even more aggressively for tomorrow’s market.

The purchaser of your business is buying the future, not the past. A business which is strong and state of the art is far more attractive than one which has a great track record but an aging and dying market. Three dimensional printers are the future; fax machines are the past.

Take stock of your business. Where are you positioned? What are the trends, and how competitive will you be in tomorrow’s market? Competition is stiff. Stay ahead of the curve.

 

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Entry filed under: business growth, Business growth: strategies & tools, Business Strategy, business tips, Business transition, profit, Selling a business, small business, strategic planning, strategy. Tags: , , , , , , , , , , , , .

Build a Business, Sell a Business – Part III: Maximize Assets & Showcase to Sell Six Simple Steps to Get Growing Now!

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