Today I’d like to talk about what the business valuation process is, and how essential it is in order to start taking control of your future. I learned from experience that as a business owner, the easiest and most natural thing we tend to do is focus on day to day operations. It’s instinct to continue doing what you do best, without slowing down or taking the time to develop a clear direction and goals for the company.
For many years now, I’ve helped business owners like yourself, in West Palm Beach and beyond, to put their business on the path to success. I’ve seen experts in their field overwhelmed and frustrated, trying to figure out which area of business to focus on the most, all while maintaining quality and productivity.
Enlisting the help of a business coach is a long-term process, but the sooner we work together to increase your company’s valuation, the better. With a valuable, thriving company, you have power. You’re more likely to get approved for greater financing, attract skilled and dedicated team members, and pass on a legacy before a happy retirement.
When it’s done accurately, the business valuation process determines the economic value of a company. The valuation process depends largely on the purpose of the valuation, what your personal and business goals are, and the relevant data.
Using professionally-developed business, finance, and behavioral assessments, I will help you to analyze all aspects of your business; including but not limited to company management, team performance, expected earnings, and capital structure.
To establish how your business has performed relative to other businesses within the same industry, we must also take a look at its past and current financial performance. It takes time to arrive at a determined business valuation, but the process is well worth it.
When it’s all said and done, you’ll have a comprehensive valuation report that includes the valuation approaches used and what financial assumptions were made. In most cases, a business owner has a general idea of what they’d like to do with their company before hiring an expert to get them there.
Whether you’re looking to sell, file taxes, or find ways to increase your profits, obtaining an accurate and thorough business valuation is a necessary process. With an accurate and defensible business value, you may decide to either keep and grow your business, or sell it.
Should you opt for the former, I will help you optimize hiring and training strategies to form a reliable workforce that handles the daily work, while you focus on high-level business operations. Creating a knowledgeable support team you can count on is crucial, so you can take your rightful place as owner and visionary.
Should you choose to sell, I will guide you through the sale options and methods available to your situation. If you’re planning to look for a new position in an unfamiliar field, I will help you develop the skills you need to qualify.
Every business is unique in its own way, just like the people who start them. Hiring the help of an expert to go through the business valuation process with you is the greatest investment you can make. Don’t hesitate to give me a call or complete our online questionnaire to get started today!
