What it Takes for Your Business to Be Worth Millions

Rising Graph

~by Hannah Whittenly~

Mabel’s Labels, Pet Relocation, and the Geese Police may sound like the names of indie rock bands, but they are actually three small companies that reached multi-million dollar valuations just a few years after they started doing business.

If you would like to see your company generating phenomenal profits until it is valued at more than a million dollars, here are four things you should know.

Intellectual Property Protection

What it Takes for Your Business to Be Worth Millions 1If you have a great idea for your business, you may want to think about taking appropriate legal measures to protect it. You may think that no one else will think of your idea, particularly if your idea is very unique, or that your business partners know how to keep trade secrets safe from competitors. This was the case with Geese Police, a service that provides cute Border Collies to golf course managers who wish to keep Canada geese out of their facilities. The brilliant idea and business plan required intellectual property protection, which can be obtained by utilizing attorneys who are experienced in multiple parts of the business law world.

Industry Certification

What it Takes for Your Business to Be Worth Millions 2Mabel’s Labels is a startup envisioned by four Canadian women looking for a solution to reduce the incidence of lost cups, lunch boxes and cups that children tend to lose and mix up at school. Their idea was simple: labels that could be easily attached to children’s belongings. The problem was coming up with a product that could be genuinely marketed as being durable. This required getting various certifications from product testing labs that would allow them to sell the labels as being safe to throw into the dishwasher, microwave and washing machine.

The Right Team

What it Takes for Your Business to Be Worth Millions 3If you really want your company to be profitable, successful and valuable, you need to assemble the right staff. PetRelocation.com started as a pet sitting service founded by an entrepreneur who survived the heady days of the ‘Dot-Com Bubble’. The idea of offering pet travel services was not put into practice until the founder of the business had put together a team of employees who could handle international pet travel. These days, the company is able to offer worldwide services thanks to its multilingual and multicultural staff.

Winning Marketing Plans

What it Takes for Your Business to Be Worth Millions 4In the late 1990s, a small retailer of high-end audio products in Seattle decided that the time was right to invest considerable capital into a marketing plan that would make the company known beyond their neighborhood. Magnolia Hi-Fi did not hesitate to pay high prices for large newspaper inserts and even holiday buying guides. In the end, Magnolia Hi-Fi got the attention of Best Buy and ended up being acquired for $87 million.

If you want to see your business obtain a high valuation in 2017, you should review the examples listed herein a couple of times and start getting busy.

What it Takes for Your Business to Be Worth Millions 5

Meet the Author: Hannah Whittenly

Hannah Whittenly is a freelance writer and mother of two from Sacramento, CA. She graduated from the University of California-Sacramento with a degree in Journalism.


All Categories

Business Operations

Entrepreneur Interviews

Marketing, Networking, & Social Media

Self Care & Personal Development

Working Moms

Business Software and Technology

Entrepreneurship & Small Business

Organizing Tips


Career Building

Family Businesses


Starting Your Own Business

Work-Life Balance


Hiring Help

Management & Leadership

Time Management & Priorities

Women in Leadership

Recent Posts

Remember These Expert Tips to Prepare Your Estate

Remember These Expert Tips to Prepare Your Estate

Keep in mind that making estate plans can go a long way towards helping you safeguard your hard-earned money or even a business that you may have. This includes the investment that you’ve spent on ensuring that your home is comfortable and valuable. One of these is safeguarding your home from the likelihood of having flood problems. This is an important detail, especially given the fact that more than 14.6 million homes across America are at a high risk of some kind of flooding problem, according to iProperty Management.

How Entrepreneurs Can Work Through Periods of Stress

How Entrepreneurs Can Work Through Periods of Stress

Entrepreneurship can be an exhilarating journey, but it often comes with its fair share of stress and challenges. The pressure of running a business can sometimes feel overwhelming, and finding effective ways to navigate through periods of stress is crucial for...

Why Entrepreneurs Get Health Goals Wrong

Why Entrepreneurs Get Health Goals Wrong

The life of an entrepreneur is often glamorized, but behind the success stories and Instagrammable moments, there's a grueling reality that can have significant impacts on one's health. Business leaders face unique challenges in balancing work and well-being. We delve...