This is a very small business that grosses just $250,000 annually, its net profit is 20% ($50,000), and the business is valued at $270,038.
With some very slight changes in just 4 areas, we added $36,500 to their revenue, $23,250 (47%) in new profits, and increased the value of the business by $28,875.
These numbers may not seem huge, but remember, some people's salaries or personal income is as much as this business makes in an entire year.
Think about it. If you had a very small business that was netting $50,000, and by implementing a few very modest changes in a handful of areas (again, with no out-of-pocket costs) you were to add an ADDITIONAL $23,250 in brand new, after-all-expenses-were-paid profits, how would you feel?
What would you now be able to be, do, or have that you couldn't do, be, or have before? Believe me, this kind of impact can have a DRAMATIC impact on a small business!