Many small business owners envision “more revenue” as the key to a higher selling price. But, is that really true? Is it really more revenue that the owner needs, or just better, more profitable revenue? It can be an enlightening experience to understand what tasks create value in your company and which ones simply keep [...]
Tags: Business Valuation
There are 3 basic approaches to value your business: the Asset Approach, the Income Approach and the Market Approach. The Asset Approach is based on the principle of substitution. Meaning, it assumes that no prudent buyer / investor would pay more for a particular business than the cost to reproduce it right across the street. [...]
Tags: Business Valuation
When hiring a valuation expert to opine to the value of your business don’t be shy about looking into the valuators qualifications and background. While there is no substitute for experience, education is essential. Make sure that the business valuation professional you hire holds at least one of the following designations: Accredited Senior Appraiser (ASA) [...]
Tags: Business Valuation · Selling a Business