Business Planning and Valuation
Video provided by: BizEquity via Youtube (Uploaded February 14, 2017)
What is your business worth? As a business owner, how will your family realize the business’ full potential value in the event of your death or incapacity? How much value do you need from your business to retire? Most business owners struggle with answering those questions. In fact, over 98% of business owners do not know what their business is worth. This is likely because a formal appraisal process is extremely invasive, time consuming, and very expensive, ranging from a few thousand to tens of thousands of dollars.
Our business valuation process involves three main steps:
- Create a succession plan or exit strategy for owners
- Seek to maximize your financial wealth by unlocking your business’ true value
- Mitigate taxes legally