Are you prepared to give your business away for free?
Would you ever consider guessing the value of your home and putting it on the market at that price without a professional valuation? Would you sell your car without any true idea of how much it was actually worth? Of course you wouldn’t!
In order to grow your business in any way – partner, expand or exit – you must know its value. And just like the price of a house, your business is affected by the state of the market. So, when looking for the right way to grow, a business valuation is a must in order to get an optimal deal.
You may be thinking, “Of course I know the value of my business – it’s my life!” Or perhaps, “I know how much my assets are worth.” Although you may eat, sleep, and breathe your business, the danger in these statements is that you might be seriously undervaluing your business.
Attempting to draw up a legal document without the guidance of a lawyer would be a foolish move and the same goes for making a valuation of your business. A DIY valuation could put you at risk of either undervaluing or overvaluing your business, so a professional valuation is vital in establishing its true worth.
Whether you’re just starting out or looking to exit your business, the only way to make the most of it is to know its value. That’s where merger and acquisition opportunities come in. Contrary to popular belief, M&A isn’t just about selling when you feel the time is right. It’s a multilayered process that helps you to grow and enhance your business no matter the stage you’re at.
Business valuations are a key stepping stone in the M&A process for any growth or enhancement.
If you’re considering seeking investment, don’t sell yourself short – know your worth.
If you’re looking to form a partnership, don’t risk underselling yourself – know your worth.
If you’re considering exiting your business, make the most of your legacy – know your worth.
How can you come to grips with the value of your business? How do you know you’re getting the best deal when it comes to expanding, partnering or exiting? It starts with knowledge; knowing your business inside and out, and knowing your growth potential.
At Generational Equity, our conferences will help you to utilize this knowledge and understand the true value of your business. We’ll help you to realize your worth before you make your next move, so you can get the most out of your business. Whatever your goals, wherever your business is headed – it all starts with Generational Equity. We’ll get you there.