It’s often said that a business is worth whatever someone is willing to pay for it, so why should a business owner bother with a formal valuation, especially if they have no immediate plans to sell? After 50 years of valuing closely held businesses and assisting owners in preparing for ownership transitions, we’ve found thatRead More…
Business owners or advisors will reach out to us needing a value conclusion and are sometimes surprised by the number of questions we ask before we even get started with the appraisal. These questions are critical to defining the scope of work and making sure, when we are finished with the assignment, that we haveRead More…
As you may have heard us say previously, every business has more than one value, depending upon who the buyer is. Different types of buyers are motivated differently based on what they could do with the business if they were to own it, as highlighted on our Buyer’s Chart. For example, some buyer types areRead More…
Dear Cathy, I am a 56-year-old owner of a 2nd generation manufacturing business. I have read about people getting business valuations and I’m interested to understand why I should look at doing this? Sincerely, Jim Jim, Thank you for your question! Some people are forced to have their business valued due to the death ofRead More…