Selling a Business
Determining the value of your business prior to selling is key. If the listing price of your business is too high, you’ll scare off potential buyers or limit the financing option of buyers. If your price is too low, you end up leaving money on the table.
As such, your goal as a business owner is to identify early on the value of your business in order to better position the company for sale. If you are planning on exiting within the next five years, it is a good idea to know the baseline value of your business today. Then you can develop a strategy to increase the value of your business.
An up-to-date business valuation can help you plan for the unexpected and expected sale. It can also help ensure you get the fair market value of your company and avoid selling for less than the company is worth.