Your Business Is Only As Good As Your Team

The last couple of months have been really challenging with getting two kids off to college, selling a house, buying a complete gut job house, planning an Apex sales award vacation for 7 couples, working on my deals, and operating a business with 12 other brokers.

Needless to say, there’s no way I would be able to do this without a great team behind me!

Owning a successful business will always have its challenges. Building an organization that can operate without the owner is critical to ongoing and long-term success.

I’m a firm believer that every company should have a good office manager (we love our very own Christi Hancock) to keep things running smoothly.

In fact, one of the critical aspects of assessing the value of any business and its marketability are the capabilities of the existing staff, how much responsibility they have, and understanding the owner’s role and responsibilities.

I don’t plan to sell my business anytime soon. Many entrepreneurs don’t. But what if there was an immediate need to sell due to unexpected health issues? What if I had an opportunity to move to Belize?

No matter the scenario…smart business owners regularly plan for the “What If” moments. And having a great team in place makes those “What If” moments much more manageable.  

Additionally, every business owner should regularly manage their business in a way that would be attractive to potential buyers.

The more the business relies on the owner, the more difficult it is to sell. And ultimately that impacts the sales price.

I’m very thankful to have a great team at Apex. They don’t need me to hold their hands and make decisions for them. Everyone has the same goal and common interest in helping our clients to get their deals done.

That’s why we’re here. As individuals. And as a team.

Post written by Doug Hubler, President, Apex Business Advisors