3 pieces of bad advice I’ve heard from business owners in 2023:
1 – Cutting prices will increase your market share and boost revenue → Well…don’t expect to increase your valuation by destroying your margins 🤷♂️
2 – Pursuing organic growth for the next 24-48 months will steady the ship and secure a lucrative exit → Here’s the thing… acquirers won’t typically pay top dollar if your growth trajectory fails to impress.
3 – Scaling up and exiting your business can be achieved with the same team you had around you at the beginning → Maybe… but a high exit valuation can be accelerated if you leverage the resources and expertise of strategic partners…
(and there’s more where this came from…)
#scaleup #nextlevelgrowth #exitlaunchpad #M&A #exit