There are many methods to determine the full value of your business. Choosing the right method will go a long way in determining how much money you will get.
In an article from The Business Journals, author Ken Cook writes, “the business valuation and brokerage industry is not the wild west where anything goes, and it is not solely a matter of what someone is willing to pay”.
In the article, Cook discusses:
- Marketplace comparisons
- Life insurance and owner agreements
- Future growth potential
Cook continues, “the results [of the valuation] will be eye opening and informative. The results will definitely impact thinking and possibly shape strategic decisions and directions”. How much is your business worth?
To read more, see the full article from Ken Cook in The Business Journals.