If you are like most small business owners, planning for the future can be challenging due to the numerous uncertainties you face. Unlike those who don’t own businesses, you might be unsure of your business’s worth, when to sell, how to find the right buyer, how to secure the best price, or how much insurance to carry. These challenges are further compounded if you run a family business or have a partner, adding extra layers of complexity and ambiguity.
It’s easy to feel overwhelmed by the unknowns when planning for the future. However, when you step back and assess the uncertainties along your path, you’ll realize that not everything is a mystery.
For example, the value of your business is a discoverable fact. Yet, like 98% of small business owners in this country, you might not know its worth.
In less than half an hour, using innovative technology powered by big data, you can obtain an accurate business valuation. This valuation will provide insight into your business’s worth, how it compares to others in your industry, and the factors that could drive future growth.
A study by the Financial Planning Association and CNBC found that over 70% of small business owners have the majority of their wealth tied up in business assets. Knowing your business’s value offers clarity and insight into retirement and estate planning, succession planning, exit strategies, and insurance decisions.
As Lieutenant General and former Deputy Director of the CIA, Vernon Walters, once said, “Uncertainty is the most chilling thing of all.” Reduce the ambiguity you face by determining the value of your largest asset. Consider obtaining a business valuation today.