By Laura Humphreys
Liber8me, $19.99, 232 pages
Laura Humphreys has written an incredibly informative resource for the small business owner who hopes to one day sell their business. Humphreys contends that there are eight stages to financial freedom which include planning backwards, choosing an exit strategy and making it happen. To maximize learning, the book is filled with exercises and even a companion workbook. There are also many stories and examples to help the reader understand the present and envision the future. The chapter on setting an end value is especially helpful for the small business owner that may never have considered what their business could be worth. Once the owner understands their business’ worth, they can work backwards from their sales goal.
“When it comes to building wealth, you have to put in the effort. The rewards come when your business pays you back for your effort.”
Even if selling a business is not your endgame, every business owner could benefit from many of the strategies that Humphreys outlines. Read through the book and work through the thoughtful exercises to maximize the value of this gem of a business resource. Humphreys has shared truly useful secrets to success.
Reviewed by Seniye Groff