Business Valuation? Is it worth it right now?
As we approach the end of the year it is important for business owners to test the waters of a business valuation, if they haven’t done that in a while. You would be surprised how many business owners have either an over-inflated or under-inflated idea of what their business is worth.
If you don’t have an accurate sense of the value of your business, your plans for the future may not be feasible. Any experienced Exit Planning professional has stories of clients who banked on getting a certain return when they put their business up for sale but were dismayed to find out that the reality was different from their assumptions.
Some business owners discover that their business is worth much less than they thought.
The ups and downs of the economy, changes in the industry, and other factors can affect the worth of your business. If you want to be sure your business assets will fund the kind of retirement you desire, you need and updated business valuation on an annual basis.
Or some owners find out their business is worth more than they thought. Of course, that’s good news – but it still is important in timing the sale of your business to have accurate numbers when considering when to retire. You may not want to work more years than you really need to, and getting a current business valuation every year can help you make that choice. Timing the sale of your business can be tricky. Be sure you know what your business is worth. Get a business valuation to get an honest look at what your business could be worth next year.
Get a Business Valuation from KeyeStrategies.
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