Eight Ways to Know If You Have Built a Job or a Business

The ultimate test of your business can be found in a simple question: would someone want to buy your company? Whether you want to sell next year or a decade from now, you can build an asset someone would buy – otherwise, you have built a job, not a business. Answer the following questions to find out where you are in this process:

Eight Ways to Know If You Have Built a Job or a Business

If your score was 19-24, you have a company that you can probably sell one day.
If your score was 13-18, you have some work to do to make it valuable to someone else.
If your score was 8-12, you have a job and that is OK if you are enjoying what you do.

The Alternative Board is a peer board organization (www.thealternativeboard.com) that assists business owners create more valuable companies. We begin with an end in mind, and most business owner members ultimately want to sell or pass on the company they have built.

Whether you want to sell now or in a decade, taking the free Sellability Score assessment allows you to see your business as a buyer would see it, and to identify how you perform on each of the eight key drivers of sellability. You can take it again as you make changes to check progress toward building value.

The questionnaire takes about 13 minutes to complete, and after you’re finished you’ll get a customized 27-page report outlining how you performed and where you could improve the value and sellability of your company. Visit http://vipdfw.org/directory/listing/sellability-score. Knowledge creates power to control your future.

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