What’s your business worth and how do you maximise it?
Consider business valuation in a similar way to property valuation.
The most accurate guidance of current value comes from the market and what other similar properties have sold for. But like no 2 properties are the same in terms of structure, composition, and location, – the determinants of a business value vary in the same way.
Knowing the actual value of your business is critical to know where you stand and how you can grow that value. You need to understand the drivers of profit, the landscape of risk in your industry and how the selling process works in order to maximize your outcome.