Create Online Business That You Can Sell One Day For A Huge Amount Of Money

This is wise advice for all entrepreneurs - always dream big

. If you think like an insect, you will probably not catch the results you are after.

I once attended a sales training session and the trainer said this, "If you aim for the sky and miss, at least you will land on the clouds." To a certain degree, there is a little truth in this saying. What does it really mean?

Let's translate the saying into actual sales target. Every business should have a proper business plan. Of course, it is expected that the business plan should contain sales forecast. The forecast is nothing but expectations. These are not realized sales figures. No one can predict the future. But you can analyze trends and chart the direction that the business is heading. Your sales figures should then be based on this direction.

Right from the very beginning, if you choose to achieve low sales figures, you may end up getting there. But it's not really what you are after. As an entrepreneur, you are trying to make more wealth so that you can have a more comfortable living (or achieve whatever dreams you are after). So what you should do, is to set out to set up a business that you can sell for a huge sum of money. It's imperative that you aim for big numbers - like hundreds of thousands of even millions of dollars.

Now let's say you envision your web business to sell off for a million bucks. What do you think it takes for that to happen? For sure, if you have a crappy small business with a small handful of clients, no one is going to buy your business for a million bucks. In other words, your business either has to be earning good profits, or has the probable to earn amazing profits for the new owner.

Selling the probable of a business is possible. For example, if your business is earning $100k a year, you can project your profits to be $500k for the next year. The only thing that is stopping you is a lack of funds. The new owner, with presumably more resources, should be able to hit that potential. It is up to you to prove that the probable is realistic and can be realized by the new owner. Otherwise, it's going to be a hard sell.

Of course, it's always easier if you already have proof of earnings. Then just base your business valuation on your current earnings and work out a respectable figure. If the business is riding on a rising trend, there is no reason for the new owner not to achieve similar profits.

And all that happens just because you start to think big. Set up a business that you can, one day, sell off for big bucks and achieve all your financial goals.

by: Gen Wright

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