By Rich Bond
A few months ago, my wife asked a realtor to give us an assessment of what our house was worth. I was annoyed by what the agent told us.
We were already in the process of some deferred maintenance (mostly painting); so we asked another realtor to give us an estimate. The second realtor was much more optimistic and said when the various projects were done, and the house properly staged, we would get $250,000 more than what the first realtor said we’d get.
It took six weeks and $20,000 to get the property ready. It sold three days after it was listed for the full asking price.
You may be wondering, “What does this have to do with me and my business?”
Our house looked tired but had great bones and an exceptional location. We did what investors in the real estate market do when flipping a property – restored the sizzle.
With the right finance person, you can do the same thing for your business, although it will take longer than six weeks.
I’d like to share some case histories with you of how our firm, Bond and Company, helped our clients hire and retain financial professionals who:
- Increased profits by over 50%,
- Unlocked $1 million in working capital, and
- Helped facilitate the sale of a business for far more than expected.
Reach out to me if you would like to hear more about how you can increase the sizzle (value) of your business: Richard.bond@bondandcompany.com or call me at: 203-221-3233.
