Engaging a qualified firm to conduct a professional business valuation should be your first step regardless of your transition goals.
A valuation will provide the owner with an initial basis important in evaluating any potential strategy moving forward.
Business valuation is more of an art than a science. There are many ways to calculate a company’s financial value and none of them are perfect, but the value most important to the business owner should be driven by his or her individual goals.
Since more than sixty percent of business owners will rely on the proceeds from the sale of their business to fund a portion of their life after business identifying this value early in the retirement planning process is crucial.
Business Legacy Strategies will work with you and your advisory team to identify the valuation method best suited to your strategy.
