What I learned from HGTV


love-it-or-list-it-hgtvTonight I’m sitting here watching Jo decorate another house that she and her husband, Chip, have “fixed up”. On other nights I come home to Love It or List It with Hillary and David or Property Brothers with Drew and Jonathan because my wife loves HGTV.

I have come to realize that a new addition to my business is a fusion of my wife’s favorite HGTV shows. In part of my consulting practice, I serve clients as a “business” stager. I work with properties that have a lot of potential but for some reason need some cleaning up, remodeling, and staging. My goal is true Love It or List It: To make a business so nice that the owner no longer wants to sell it.

Some businesses just need a little touch up, a new P&L, some operational clean up and removal of too many lifestyle expenses. Some businesses need major renovation, a new product line, personnel changes, and/or marketing focus.

And like all the shows, no business exit plan unfolds like you expect. Asking owners to trust you to improve something they view as their baby is always more difficult than the initial agreement. The irony is that usually the result of helping someone stage his business for sale is the kindling of a new love affair with the business. The owner ends up loving it more than wanting to list it.

And of course, that is our goal. When you love what you have, the market offers buyers willing to pay a premium. We all want what we think isn’t for sale.

So when you want to sell your business remember to:

  • Remove the clutter.
  • Open it up to lean processes.
  • Upgrade to current technology features.
  • Set some goals that would make you a fool to sell your business.
  • Use professional staging.

A new Fixer Upper episode is coming on. Time to learn a few new tricks!

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About pro356rick

I am the founder of Pro356 Consulting which focuses on promoting organizational wellness, productivity, and profitability. I hope to share insights I have learned from so many others in living my life. If they prove useful to anyone, then my time here is well spent. While I have a Harvard MBA, I think I learned quite a bit as a 11 year old paper boy. And I know I will learn from anyone who comments back. Wishing you a masterpiece day, Rick
This entry was posted in Change management, Exit Planning, Free Enterprise, Strategic Planning, Workforce Development and tagged , , , . Bookmark the permalink.

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