Hey there, studio owners, entrepreneurs, and all the incredible women building businesses that are as vibrant as the communities they serve! Ever thought about selling your studio? No? Well, it might be time to start thinking about it—even if you're not quite ready to hand over the keys just yet.
I know, I know—you're probably thinking, "Why would I prepare to sell when I’m just getting started or still loving what I do?" But here’s the thing: whether you’re ready to sell now, 20 years from now, or maybe even never, having your business in tip-top shape is the smartest move you can make. After all, you never know when opportunity might come knocking. And when it does, you want to be ready to greet it with open arms—and a perfectly polished business.
At PYOP Accounting, we’re all about helping you build a studio that’s more than just a passion project. We’re talking about creating a legitimate source of income, a solid retirement plan, and, most importantly, the freedom to live life on your own terms. Whether you’re dreaming of expanding your studio, selling it for a tidy profit, or simply making it a smoother operation, we’re here to make that happen.
First things first—do you have any idea how much your studio is worth? Don’t worry if you don’t. Most studio owners are surprised when they find out. Your studio isn’t just a fun place to get creative; it’s an investment. And just like any good investment, you need to know its value.
We’ll help you get a ballpark figure so you’re not caught off guard if someone expresses interest in buying. Plus, knowing your studio’s value can be a huge motivator to keep growing and improving it. After all, life’s too short for low returns on big energy!
Next up, we’re going to look at how the way you set up your business and manage your processes can impact its value. The more streamlined and profitable your studio is, the more attractive it’ll be to potential buyers. And even if selling isn’t on your radar, having a smooth-running, profitable business means more peace of mind and less stress for you.
We’ll be diving into all of this and more at the upcoming CCSA annual convention in 2024. I’m Donna Bordeaux from PYOP Accounting, and I can’t wait to share these insights with you. Whether you’re ready to sell now, in the distant future, or just want to make your studio the best it can be, this class is for you.
So, get ready to line up your ducks, prettify your processes, and make your business sparkle—whether you’re selling it or keeping it forever. I’ll also be on the exhibit floor with some super-duper cool prizes and a chance to chat about your studio’s future. Let’s turn that creative passion into a powerful, profitable business that supports you every step of the way.
See you in St. Louis—your studio’s future is looking bright!
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Donna Bordeaux, CPA with PYOPAccounting.com
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.
