Welcome to my weekly articles on business building. In this article I introduce Operational Excellence. Understanding what operational excellence is and why it is important for a business to achieve it, will be important to owners who hope to create profitable, sustainable, and ultimately valuable and therefore sellable businesses.
Most owners get one chance to get it right and being ill prepared should not be an option, yet most owners cannot sell the business they built (only 1 in 10 are actually successfully) because they did not build a salable asset. If you must sell your business to fund your future lifestyle, ask yourself – do you want to be the one that does, or one of the nine who could not?