How do you measure success in your business?

There isn’t one definitive way of measuring the success of your business, however, there are strategies and benchmarks you can use to get an accurate idea of how it is performing.

In this episode, Tim Scannell discusses some of the most reliable metrics you can use as a business owner to gauge the value of your business and maximize the return you receive when you decide to exit.

Tim discusses:

• How to measure growth and success using benchmarks
  
• How to discover the percentage of business value each position in your company holds
  
• The first few things you should do if you become an “accidental business owner”
  
• How he educates business owners and makes them realize the worth of their business PRIOR to exiting and selling it
  
• And more
  

Resources: 

• The Six Power Ratios for Selling Your Business (Ep.86)
  
• Leaping From Your Business to Your Next Passion, Part 1 with Stewart McMillan (Ep.88)
  
• Leaping From Your Business to Your Next Passion, Part 2 with Stewart McMillan (Ep.89)
  
• Creating A Successful Exit Plan As A CEO with Scott Bening (Ep.106)
  

Connect With Tim Scannell:

• tscannell@scannellwealth.com
  
• Hightower Great Lakes
  
• LinkedIn: Tim Scannell
  
• Twitter: Tim Scannell
  
• (219) 531-4941