When you need a business valuation
Which of the 4 types is right for you?
Some business owners may think that securing a professional business valuation is too expensive or unnecessary until they’re ready to sell—or that their personal estimate of their business’s worth is enough.
However, if you don’t obtain an appropriate business valuation at the appropriate time, you may base your decisions to transfer ownership on faulty information. This, in turn, can make you unable to leave your businesses when you want, for the money you need and in the hands of the party you choose.
Fortunately, that doesn’t have to be the case. In this white paper, we’ll outline the different uses of a business valuation, the four types of valuations used in exit planning and the cost of these valuations, so that you can be better informed as you work with your advisors to determine the best outcome for you and your business.
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“Selling a business is a lot like selling a house. It should be prepped or ‘staged’—and you should have a definitive understanding of the value of your business—before you take it to market or ‘list it.’ You should also be ready to have your business scrutinized by sophisticated potential investors.”
Mike Benedict
Business Transition Advisor at BOK Financial