What Is Your Business Really Worth?
If you’re like most business owners, you really don’t know the answer to this very important question. In fact, in a recent major survey conducted by a major CPA firm, fully 65% of business owners had no idea what their businesses were actually worth. To make matters worse, three-quarters of these same business owners have their personal wealth or retirement tied up in their business.
If you don’t know what you’re worth or where you’re going financially, it’s difficult to consider valuating or selling a business. If you’re not growing and becoming more profitable, it’s time to take stock and plan. But, where do you turn? Who do you trust? CPA’s and attorneys are not always the best choice when seeking accurate information to answer this vital question.
For every business owner, eventually, there becomes a time to exit. Whether this means transferring the business to family, or more commonly, selling the business to a motivated buyer, knowing your business’ value is crucial. It’s also important to remember life can change and throw you a curve. Whether it’s an economic downturn, a downturn in your specific business, a divorce, a need for liquidity, medical bills, etc. it’s important to know what you’re worth and have a plan. Being prepared for opportunities is more important now than ever.
At Saint Louis Group Business Brokers, we’ve been helping thousands of St. Louis metro area businesses determine their correct market valuation, explore their options and find motivated, financially-motivated buyers to acquire businesses like yours. We help business owners just like you transition into the next phase of your long and prosperous life. Learn why Saint Louis Group Business Brokers are the oldest and most respected business brokers in town. We have the largest database of businesses for sale and our business broker professionals know the ropes.