Skip to main content

Actions that can make a business more marketable

Diversify the base

An over-dependence on one client or contract or one line of business should be avoided.

Story continues below advertisement

Step away

Taking a month off from your business to go on vacation and put someone else in charge can show whether the business is built just on you or whether you could delegate some responsibility and put your effort into growing the business.

Review your KPIs

A surprising number of entrepreneurs don't know what their key performance indicators are, let alone how to track their progress.

Bring in fresh eyes

A professional consultant can look at the business objectively and make suggestions for improvements to the operation.

Have an advisory board

Even if it's family or colleagues, the very act of presenting and getting a critique of your three-year, one-year and quarterly strategies will stimulate thinking about improvements.

Source: Jacoline Loewen, director of Loewen & Partners Inc., Toronto.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Discussion loading ...

Cannabis pro newsletter