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Business Valuation- Know to Grow
For many business owners, their business is and will be the most valuable asset they build in their life.
Aside from providing the means to pay for life and raise a family, contribute to the community, a business is an incredible store of value. Each year, if done right, that business should continue to become more and more precious.
At some point in many business owners’ lives, they will need to determine what the future of their business will be, who will own it, and will the value be enough to provide for other life goals or retirement.
Without a business valuation, knowing if the amount will be sufficient or not is a total mystery. Fortunately, business owners can invest a small amount to understand their baseline, how to grow their value, and then set targets for achieving their vision.
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A Business Valuation is a Living Model
A business valuation is kind of like a snapshot of your company’s health and potential, but it’s definitely not a one-and-done kind of deal. Think of it as a living, breathing model that changes as your business grows and evolves. Once your business hits a sweet spot — stable size, consistent profit margins —…
