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Your three sources of reward
As a business owner/manager of a small or medium size business, there are 3 sources of financial reward that you should pay attention to, if you want to maximise your income and wealth. They are; your salary, your profit and the capital value of the business. In my experience, few business owners pay enough attention to deliberately achieving specific targets in each of the three rewards. Most business owners focus on their "drawings," or the cash they can safely withdraw from the business.
Few actually pay attention to achieving a targeted capital value for their business, which is what they could expect to receive if they sold the business. Very few business owners even think far enough ahead to have a strategy for how they will exit the business and what they would like to receive from the sale of the business when they do make their exit. In this article I want to elaborate on the importance of your focus on each of these 3 sources of reward and how to maximise your results in each area.
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