Q: I’m considering outsourcing a couple services, how would this affect my long-term value?
JT says: First, business value is driven primarily by your Adjusted EBITDA (total financial benefit). Thus, if outsourcing delivers the following, value increases:
- Greater Efficiencies
- Lower Costs
- Same or Better Quality
Second, this demanding industry often necessitates owners wearing many hats- all at once. However, just because an owner can do something, doesn’t mean they should.
Outsourcing possibilities include- Estimating, Recruiting, HR, Answering Service, Accounts Receivable, Online Marketing and Social Media. Many vendors can prove higher quality at a lower cost (and faster turn-around times), a solid combination.
Third, added benefits of outsourced professionals include reduced stress/headaches, along with a better work-life balance as you’re able to remove some of these hats. Please play some defense to protect your time and energy!
Lastly, as this trend is here to stay, it may be a terrific way to streamline operations, free up some time and energy, while adding value to your business.
Get Answers + Get Prepared = Get Retired
Have a question for JT? Don’t worry, all questions will remain anonymous! You can email JT at [email protected].
JT Kraai
As CEO and Founder of Exit Strategies 360, JT takes extreme pride in helping business owners prepare and navigate the business sales process. As an M&A Advisor, Broker and Consultant for 20+ years, he has structured hundreds of transactions for virtually any scenario, keenly understanding the needs of both buyers and sellers.
JT indicates, “Most business owners are unaware of their options when it comes to preparing and selling their business. These options can increase cash and decrease taxes by hundreds of thousands of dollars. An educated decision is always the best.”
He then adds, “An owner’s weakest link is fear… without knowing how to proceed, they don’t. We offer the tools, process and roadmap to proceed with confidence.”
With over 25+ years of entrepreneurial ventures including five start-ups/sales, he has a solid understanding of what it takes to successfully create, expand and maximize business values. JT instinctively has the expertise and capacity to think about critical factors affecting the success of a transaction, providing an extremely valuable perspective and advantage for his clients.
According to JT, “You’ll probably do this only once in your life… let’s do it right.”
Related Posts
