ONLY TWO IN ONE HUNDRED PEOPLE KNOW WHAT THEIR BUSINESS IS WORTH. ARE YOU ONE OF THEM?
Most business owners wait too long to get a business valuation, jeopardizing financing, its sale and their retirement. Know what your business is worth with our simple, dynamic valuation process. Speed up a process that used to take weeks of work and mind-numbing number-crunching. Knowing the true value of your business is critical to proper business planning and achieving personal goals.
Overall, there are a handful of common reasons why business owners need to evaluate the worth of their company:
When looking to sell your business
When looking to merge or acquire another company
When looking for business financing or investors
When establishing partner ownership percentages
When adding shareholders
For divorce proceedings
For certain tax purposes
WHAT IS MY BUSINESS WORTH?
Circumstances such as health issues, personal situations, retirement, expansion or accruing investors can force an owner to exit their business. Knowing the value of your business and what you can do to increase that value is paramount knowledge. If any of these issues happened today are you prepared? Do you know what your business is worth?
It is very important to obtain an accurate business valuation assessment.
Estimates are not acceptable as it is a generalization. Specific numbers need to be gained from a valuation process so business owners can obtain proper insurance coverage, know how much to reinvest into the company and to determine the accurate value of the business.
Businesses have plenty of reasons for considering a business valuation⎯⎯business consultants can help you save time and money, provide specialized advice, and plan for the future, among other things. Our consultants are more like mentors and advisors, who work with business owners on broad planning and strategy work. Others provide more specific, specialized services, as subcontractors. According to Forbes, "rather than hiring for a position that may be just part-time, like a marketing strategist, incentive specialist or legal counsel, instead, consider retaining a consultant that is an expert in their field".
UNDERSTANDING THE COMPANY’S RESALE VALUE
Knowing the true value of your company is necessary. Every business owner has contemplated selling their company. Knowing the value and what could be done to increase the value should be started long before the business goes on the market. A company’s resell value can help negotiate a higher selling price. Determine your business value two to four years prior to sale.
Know what your business is worth with our simple, dynamic valuation process. Now you can plan strategically for growth, a sale, retirement or financing. We can help answer the questions that will lead you to make informed decisions for your future… Let BIS show you how.
"98% of privately held business owners don't know what their business is worth... yet 78% plan to fund their retirement with the sale of the business."