How likely are your customers to return or, even better, refer others to your business? The majority of your peers may not actively seek out or quantify the answer, but your largest competitors certainly do.
Stability, consistency, and reliability are key attributes for establishing meaningful customer relationships. A quality marketing program should create name recognition and build customer loyalty. A long history of efficient operations and excellent service will drive a valuable reputation in your community. While the value of your business is partly related to tangible assets, it is the goodwill that constitutes the majority of the price a buyer will pay.
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