Prepare Your Business to be Sale-Ready with Natalie Barranco
October 25, 2023
Natalie Barranco, Co-Founder of Prime Business Advisory Solutions, recently appeared on the CloseTheDeal.com Podcast hosted by Ewell Smith. In this insightful conversation, Natalie shared valuable advice on achieving business success.
Have a Well-Defined Budget
One key takeaway from their discussion was the importance of having a well-defined budget. Whether you’re starting a new business or managing an existing one, a budget serves as a crucial roadmap for measuring financial performance and making informed decisions.
Budget for Marketing
Another aspect that Natalie emphasized was the need for businesses to allocate a portion of their budget to marketing. In today’s competitive market, building a strong brand presence through social media, video content, blogs and other marketing strategies is essential for attracting customers and staying ahead of the competition.
Create Clear Financial Goals
She also highlighted the significance of setting clear financial goals. Whether it’s reducing debt, increasing profitability or growing revenue, having specific objectives provides a framework for decision-making and progress assessment.
Be “Sale-Ready”
One concept introduced by Natalie was the idea of being “sale-ready.” This involves documenting all policies and procedures within the business to ensure that operations are replicable, whether for future expansion, potential sales or simply maintaining a well-organized company.
About PRIME
Prime Business Advisory Solutions offers a range of services including financial and operational assistance, software conversions and marketing support. With a team that brings diverse backgrounds and hands-on experience in industry positions, they provide comprehensive solutions to businesses seeking growth and efficiency.
Natalie Barranco’s vision for her business revolves around helping other businesses succeed. By partnering with a variety of companies, she aims to contribute to economic development and promote sustainable businesses. The willingness of Prime Business Advisory Solutions to work with clients nationwide underscores their commitment to assisting businesses on their journey to success.
In conclusion, Natalie Barranco’s insights on budgeting, marketing, setting financial goals and being sale-ready are fundamental for business success. Prime Business Advisory Solutions, with its unique combination of financial, operational and marketing services, is a valuable partner for businesses looking to grow and improve efficiency. Natalie’s vision is rooted in helping businesses thrive and make a positive impact on the broader economy.