How can I increase the value of my business? Making your intangibles, tangible.
by Peter Smith
About two months ago at the “Hot Topics in Business Law” CLE put on by the King County Bar Association, I was immediately struck by what a fellow speaker, Todd Tarbert, had to say: “If you want a more valuable business, make your intangibles, tangible.” Simple and brilliant.
Todd and his company, Murphy Business and Financial Services, provide business valuations. While his presentation focused on the art of the business valuation, he said that every business owner will get the results of a valuation and immediately ask him: “how do I make my business more valuable?” Todd had five points for increasing the value of your business (you’ll have to reach out to Todd to learn the other four!), but establishing your business’s intellectual property—taking its intangibles and making them tangible—is a key that every business owner can get started on immediately. And making your IP tangible is much more simple and inexpensive to do than you’d first think. So over the next several weeks, tune in to learn about how to make the following assets more tangible and appealing to investors or buyers:
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