Here are just a few reasons you should have a business valuation done:
Transition - exit planning and more
Partnerships - buy in or buy out
Banks/Loans - value of collateral for financing
Investing - to establish you are an accredited investor
Planning - KPI's and adjusting your strategies
Insurance - key man policies and more
Taxes - capital gains, inheritance, recaptured depreciation
Divorce - let's face it, it's common
Sale - and of course, if you're buying/selling the business
AND when you have a valuation already done by NCBA, it's faster to update each year or when needed (and at 70% OFF!!)
So what normally happens is that business owners just GUESS at their value and think that is good enough.
That’s a huge mistake and won't satisfy any of the needs above....it only feeds their ego!
After having a valuation done, our clients often ask "What do I do now?"
That's a good question -and that's when we help develop strategic moves to meet YOUR goals!
Without this valuation, making decisions on change is like blindly throwing darts....it just doesn't work right and will only randomly hit.
With everything you invest in your business, you deserve better!
At No Coast Business Advisors, we do business valuations all the time and in just about every industry and profession.
This isn't something we read about in a book and then tried to do as a "side hustle".
We're the ones who wrote the book on it.....seriously
We've been recognized through that book, Exit Lever, which became an International #1 Best Seller.