smart ideas
WE NEVER WASTE A SMART IDEA
RFN Advisory Group’s smart ideas page brings together original and curated content from innovators and thought-leaders in value acceleration and transition-readiness, as well as other related areas.
Through the Lens of an Investor: Top 5 Reasons Every Business Owner Should Embrace the Perspective
The importance for business owners to occasionally adopt the perspective of an investor to gain valuable insights and opportunities for growth cannot be overstated. Here are five key reasons why this shift in perspective is beneficial, including enhanced objectivity, a focus on long-term value creation, identification of strengths and weaknesses, access to capital and resources, and strategic alignment and accountability. Learn more and take advantage of tools like Ready for Next's assessment to evaluate their businesses through an investor's lens, even if they're not currently seeking investment, as it can lead to enhanced enterprise value and long-term success.
From Early Adopters to Leading Innovators: The CEPA Journey
Our very own Sean Hutchinson tells us his journey from being one of the first 100 Certified Exit Planning Advisors (CEPAs) worldwide in 2008 to being part of a 5000-strong professional community today. Through perseverance and experimentation, they developed a methodology for value acceleration, emphasizing partnership with owners to unlock their business's value. Plus, Sean shares the origin of Ready for Next’s explorer, pivoter and triggerer approach to business owners. Sean reflects on his growth from a novice CEPA to an expert, highlighting the rewarding experiences and community found along the way.
Can leadership and culture make your business more valuable?
While the concise answer is a resounding "yes" to the question of whether leadership and culture can enhance business value, the more nuanced response explores how these factors contribute to success. This article emphasizes the importance of regularly assessing and strengthening the leadership team to propel business growth. Key considerations include recognizing the need for delegation, defining roles clearly and being willing to relinquish control for effective team-building.
Top 3 Value Killers
Building value in a business includes stopping or mitigating the things that kill value. As a flip-side to the top three value drivers blog, here is a look at the top three value killers.
The Top 3 Business Value Drivers - They may surprise you
A focus solely on topline revenue can be misleading. Generating true value can take several different forms. Here we focus on the top three value drivers.