Business, Economic Development and Wealth Creation
Wealth should be the Goal for the Small Business [SB] and for the Small Business Owner [SBO].
In Business the “Wealth” concept is called “Shareholder Wealth Maximization”, which means… “increasing the value of the SB Equity over time”, because “Shareholder Wealth” is measured by the market value of the Company's common stock. The goal of “Shareholder Wealth Maximization” is a long-term goal.
“Company Wealth Maximization”, is the term that we’ve coined for “Shareholder Wealth Maximization” as it relates to SBs.
“Company Wealth” is the SB Possessing Value that is sustainable, long-term, and provides for transition or legacy