• Phone
  • Mail
  • Home
  • About Us
    • Company Profile
    • Our Team
    • What Our Clients Say
    • Affiliations
    • IBBA Code of Ethics
    • Join ENLIGN Advisors
  • Listings
    • All Listings
    • Active
    • Coming Soon
    • Under Contract
    • MAIN STREET
    • LOWER MIDDLE-MARKET
    • Completed
  • Selling
    • Selling a Business
    • Selling a Business Tutorial
    • Seller FAQ
    • Download Free Whitepapers
    • Brokerage Transaction Terms
    • Seller Inquiry
  • Buying
    • Buying a Business
    • Buying a Business Tutorial
    • Buyer FAQ
    • Brokerage Transaction Terms
    • Virtual Deal Room
  • Services
    • Main Street
    • Mergers & Acquisitions
    • Business Valuations
  • Referral Network
  • Media Room
  • Contact
  • Schedule a call Blog   919-341-1100 Email
Click Here
Logo
  • About
    Company Profile Our Team What Our Clients Say Affiliations IBBA Code of Ethics Join ENLIGN Advisors
  • Listings
    All Listings Active Coming Soon Under Contract Main Street LOWER MIDDLE-MARKET Completed
  • Selling
    Selling a Business Selling a Business Tutorial Seller FAQ Download Free Whitepapers Brokerage Transaction Terms Seller Inquiry
  • Buying
    Buying a Business Buying a Business Tutorial Buyer FAQ Brokerage Transaction Terms Virtual Deal Room
  • Services
    Main Street Mergers & Acquisitions Business Valuations
  • Referral Network
  • Contact
919-341-1100
Click Here
  • Schedule a Call
  • Leave a Review
  • Blog
  • Email us
  • Live Chat
X Close
  • Home
  • About
    Company Profile Our Team What Our Clients Say Affiliations IBBA Code of Ethics Join ENLIGN Advisors
  • Listings
    All Listings Active Coming Soon Under Contract Main Street LOWER MIDDLE-MARKET Completed
  • Selling
    Selling a Business Selling a Business Tutorial Seller FAQ Download Free Whitepapers Brokerage Transaction Terms Seller Inquiry
  • Buying
    Buying a Business Buying a Business Tutorial Buyer FAQ Brokerage Transaction Terms Virtual Deal Room
  • Services
    Main Street Mergers & Acquisitions Business Valuations
  • Referral Network
  • Media Room
  • Contact

  • Schedule a call
  • Blog

  • 919-341-1100
  • Email

®All Rights Reserved 2003 - 2023

Blogs

Evaluating Your Company’s Weaknesses
Back 
Home | News & Events | Evaluating Your Company’s Weaknesses

Lorem Ipsum

News & Events

Evaluating Your Company’s Weaknesses

ENLIGN DEAL TEAM | 10/24/2018

The time you spend evaluating your company’s weaknesses is, as it turns out, one of the single best investments you can hope to make.  No one should understand your company better than you.  But to fully understand your company, it is essential that you invest the time to understand your company’s various strengths and weakness.

Your company, from the beginning, has been an investment.  It’s an investment in your time, your mental energy and, of course, your financial resources.  The time and effort you expend to locate, understand and then fix your businesses’ weaknesses is time very well spent.  Addressing and remedying your businesses’ weakness will not only pay dividends in the here and now, but will also help get your business ready to sell.  Let’s turn our attention to some of the key areas of weakness that can cause some buyers to look elsewhere.

An Industry in Decline

A declining market can serve as a major red flag for buyers.  You as a businessowner must be savvy enough to understand market situations and respond accordingly.

If you spot a troubling trend and realize that a major source of your revenue is declining or will decline, then you must branch out in new directions, offer new goods and/or services, find new customers and also find new ways to get your existing customers to buy more.  Taking these steps shows that your business is a vibrant and dynamic one.

You Face an Aging Workforce

It has been well publicized that young people, for example, are not entering the trades.  Many trades such as tool and die makers will be left with a substantial shortage of skilled workers as a result.  No doubt, technology will replace some, but not all, of these workers.

This is an example of how an aging workforce can impact the health and stability of a business.  If your business potentially relies upon an aging workforce then it is essential that you find a way to address this issue long before you put your business up for sale.

You Only Have, or Primarily Rely Upon a Single Product

Being a “one-trick pony” is never a good thing, even if that trick is exceptionally good.  Diversification increases the chances of stability and can even help you find new customers.  Additional goods and services allow you to weather unexpected storms such as a supply chain disruption while at the same time provide access to new customers and thus new revenue.

The Factor of Customer Concentration

Many buyers are concerned about customer concentration.  If your business has only one or two customers, then your business is highly vulnerable and almost every prospective buyer will realize this fact.  While it is an investment to find new customers, it is well worth the time and money.

A business broker can help you evaluate your company and, in the process, address its weaknesses.  Remedying your businesses weakness before you put your business up for sale and you will be rewarded.

Copyright: Business Brokerage Press, Inc.

Sepy/BigStock.com

< Back

  • International Business Brokers  Association
  • M & A Source
  • Carolina-Virginia Business Brokers Association
  • American Business Brokers Association
  • Association Of Professional Merger & Acquisition Advisors
  • Business Brokerage Press
  • The Financial Planning Association®

Enlign

Navigation

  • Company Profile
  • Selling A Business
  • Buying A Business
  • Main Street
  • Media Room
  • What Our Clients Say
  • IBBA Code

Listings

  • All Listings
  • Active
  • Coming Soon
  • Under Contract
  • Completed

Extras

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Share This Page

Contact

Enlign

Address

2009 Caminos Drive
Raleigh, NC 27607

Phone

919-341-1100

Email Us

® All Rights Reserved 2003 - 2023