Are you building a legacy or lifestyle business? Regardless of your vision, creating value should be central to your strategy to maintain a sustainable business. In this episode, you'll learn how to use your balance sheet to measure and grow the value of your business. CEO Danielle Hayden breaks down the basics of a balance sheet, what business owners do wrong when trying to increase the value of their business, and effective strategies to add value beyond the balance sheet.

If you want to sell or create generational wealth through your business, this episode is a must-listen. Tune in now!

Key Takeaways:

Understand the role of the balance sheet in evaluating your business's financial health and value, including its components: assets, liabilities, and equity.
Identify common mistakes business owners make when growing their business and how to avoid them.
Learn key lessons from Jon Warrillow's book, Built to Sell, and how to apply its framework to create a more valuable and sellable business.
Get actionable tips for building a valuable business that supports long-term, sustainable growth.

Topics Discussed:

Basics of the balance sheet (2:34)

What a healthy balance sheet looks like (4:43)

Using the balance sheet to increase your business value (6:07)

Strategies to create value beyond the balance sheet (7:54)

The importance of recurring revenue (17:53)

How to balance the balance sheet with operational efficiency (20:18)

Book a Call with Kickstart Accounting, Inc.:

www.kickstartaccountinginc.com/book

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YouTube | https://www.youtube.com/@businessbythebooks

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