Raise your hand if valuing your business has felt more like guesswork than science.

By: A Staff Writer

Updated on: Oct 21, 2024

Raise your hand if figuring out how much your business is actually worth is making your head spin 🙋‍♀️🙋‍♂️ Valuation is a tricky beast, with a blend of financials, market factors, and intangible assets.

If only businesses came with a price tag, right?

Getting the valuation right is crucial for a successful exit.

Do This, Instead:

• Get professional help: Work with a business appraiser or valuation specialist.
• Consider multiple methods: There are different valuation approaches (asset-based, income-based, etc.).
• Understand the factors: What drives value in your industry? (profitability, growth potential, brand, etc.).
• Be realistic: Don’t let emotions inflate expectations; a fair valuation benefits everyone.

What factors were most important in determining the value of your business?

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