What are the most valuable assets in your business? Some might say they are your employees. Matt Neuberger of Neuberger & Co. says they are engaged employees. Another says they are your clients.
What are we seeing here? What is the theme? A lot of professional business people believe that the most valuable asset in your business is not something tangible. It is not the machinery. It is not the location. It is clients, it is employees, and it is things that you cannot hold in your hands. It is things that have value outside of what they physically are–the services your employees provide and the revenue your clients provide.
Some businesses are sold based on the value of their customer list. Their ongoing customer relationship is more valuable than any physical assets. Look at where your most valuable assets are. Where is the possible revenue? What will a buyer want? Surprisingly, your most valuable asset may not be that piece of equipment or that building. A business with no physical assets may still have great value in this modern economy.
Think about where your value is. What are your most valuable assets? Make sure you keep cultivating those assets to maximize the value of your business and to keep things moving to the next level.
How have you determined the most valuable assets of your company? Is it your clients or your employees, or a combination of everything? Join us in the comments below.
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This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer John evans.
About the Author
R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.