Cross Selling is a common tactic businesses use to get their existing customers to buy additional items offered in order to improve revenue. In the short term, this is a good thing, but there can be too much of a good thing. In this video we will explore how relying on cross selling to increase revenue can ultimately KILL your company's valuation, which meanings lower sale price on your exit.
We will discuss how 3D4Medical was at risk with this exact problem and how John Moore and his team corrected course to increase the value. By doing so, they set themselves up for an amazing exit.
Always protect the exit and have an exit plan! Every owner should aim to have a sellable business, whether they intend to sell or not. So check us out for information and tips on Selling Your Business. Because face it, Life happens! And unfortunately most of us wait until there is a pressing need in life before considering an exit strategy. So the best advice is to be prepared with an Exit Strategy and do the legwork up front before its urgently needed and you end up wasting precious time. When that time comes, business owners work with ExitAdvisor as their business broker of choice to sell or transition their company confidentially, whether that be to family, employees, or a third party buyer.​
The Exit Report will identify the current value and what will have the most impact on increasing it. Click here to access - www.exit-advis...
Need help executing your Exit? Click here for ExitAdvisor Deal Maker program Exit Maker: www.exit-advis...
Interested in finding a business to purchase? Check out the Deal Finder Program by ExitAdvisor Deal Finder: www.exit-advis...
Tags: Systemitize Business; Systematize Business; Systemize my business; Importance of Systems; How to Create Systems in Business; How to Create Systems in your business; Creating Business Systems; Business Process; Business Processes;
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