1. Debt. You want to make it a goal to get rid of your business debt, whether that is credit cards, an SBA loan, or a loan from grandma. Any balances that are due within the year should be less than the amount of assets that are easily turned into cash: inventory, cash, receivables.
2. Net Income. You want to get your bottom line big enough that it will support you AND the business. You want your business to provide you a good income AND be able to grow itself, keep itself modern, and save for a rainy day. A business that has been around for a few years can focus on reducing expenses, paying down debt, and increasing sales (even by a little bit). That will help create a salable business.
So, regardless if you plan to sell your business or not, I recommend you take a look and see if anybody would buy your business. If the answer is ‘no’, then you've got some work to do. If the answer is ‘yes’, then keep up the great work!
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