Business Development And The Beginning Of The End
It's Never Too Early To Start Preparing Your Exit Strategy

The title of this article probably sounds a little depressing. Relax.
I'm not talking about the end of your business. I'm talking about the day you decide you no longer want to own it.
Whether that's five years from now or twenty-five years from now, every business owner will eventually face an exit strategy. Retirement, selling to a competitor, passing the business to family, or simply deciding it's time for the next chapter - at some point, every owner leaves.
Ironically, when I begin working with a new client, I often discover they've spent very little time thinking about that day.
They're much more focused on their exist strategy than their exit strategy.
And that's understandable.
Keeping the doors open, finding the next customer, making payroll, and managing today's projects naturally take priority. But here's what many business owners fail to realize:
The very things that help your company survive today are the same things that will dramatically increase its value tomorrow. Business development isn't just about generating more work. It's about building a business that doesn't depend entirely on you.
When I implement a CRM or help a company improve its business development process, we aren't simply installing needed processes. We're documenting how the company operates.
What are the sources of our opportunities, prospects, contacts?
How do we quantify progress, measure and share our market penetration.
How do we best define each stage of the sales pipeline?
What data must be captured on every opportunity?
What standards do we set to prevent ‘garbage in/garbage out’?
Those may sound like operational questions, but they're actually valuation questions.
A company isn't valuable because the owner knows everything. A company becomes valuable when the business knows everything.
I've often said that folders full of spreadsheet reports, sitting on someone's desk have very little value. Information locked inside one employee's head has even less. (I could share some horror stories of companies, large companies, with large budgets not being able to answer the most basic questions related to prospects and clients.)
On the other hand, well-organized customer data, standardized business development processes, documented procedures, historical sales information, and years of market intelligence stored inside your CRM become business assets.
Consider something as simple as enriching your customer database. Imagine every account includes the nearest metropolitan area with a population greater than 75,000. That may seem like a small detail today, but over time it allows you to analyze markets, identify geographic opportunities, assign territories intelligently, and make better strategic decisions. More importantly, it's institutional knowledge that stays with the company instead of walking out the door every evening.
That's real value.
One day, a potential buyer may ask how you built your customer base, why certain markets perform better than others, or where your strongest opportunities exist.
Would your answer be, "I think..."?
Or could you confidently say:
"Ask me anything about how we got to where we are today, and
I can not only tell you...I can show you."
That statement changes the entire conversation.
The buyer isn't just evaluating your revenue. They're evaluating the predictability of your business.
Can the company continue to grow without the current owner?
Can someone else follow the same processes?
Can decisions be made using facts instead of memories?
Businesses that answer "yes" to those questions command higher valuations because they represent lower risk.
That's why I encourage every client to begin with the end in mind. The best time to prepare your business for sale isn't the year before you sell it. It's the day you begin building it.
Good business development creates revenue.
Great business development creates an asset.
And when the day finally comes to exit your business, you'll discover that the systems you built to help your company exist were quietly preparing it for a successful exit all along.
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Bobby Darnell is the founder and Managing Principal of Construction Market Consultants, Inc. An Atlanta-based consulting group specializing in Business Development, Sales, Marketing, CRM as well as executive placement for the AEC (Architectural, Engineering and Construction) industry.
Bobby budgets four hours per week for just ‘talking shop’ with AEC Business Owners and/or AEC Business Developers. He never does follow-up emails or calls unless asked.
(Translation: You don't have to worry about booking a call and having him pester or flood your inbox.)











