Figuring out an accurate valuation for your business is complicated, but getting it done right can sidestep serious issues. We’ve seen owners list high to see what happens and then drop the price later when it doesn’t sell. This only hurts the image of the company and isn’t the way to get a deal done.
An asking price can’t be determined by the level of debt you have or how much you want to have going into retirement – there are fundamental valuation principles that you are going to have to accept. So, when the time comes to sell your business, it’s critical that you understand these basic principles. Education is key.
One great place to start might be a read of a book called “What’s Your Business Really Worth”. You can download the eBook for FREE on our website!
If you would like more information, we’re always here to help.