One of the more challenging things I do as a business broker is to present a business valuation to a client who thinks their business is worth more than it is. For years they worked hard at their businesses, putting in countless hours, dealing with employees and their issues, working through tight cash flow and all of the challenges a business owner faces. They were getting ahead and building value. During this time they bought cars, purchased homes and provided for their children s’ education. They supported their lifestyle through the business, and they have been looking forward to cashing out with enough money to fund their retirement. They didn’t stop to contemplate what drives the business sales value....
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- Sep 30, 2014 |
- Tags: Business Valuation, When to Sell Business |
- Posted in: Business Valuation, Selling Your Business
Steve Barnett, CPA, MBA, CBB, CBI
Steve Barnett has broad-based experience in small to middle market advisory activities. Prior to becoming a Business Broker, he served as CFO, Controller and VP Finance of both Manufacturing and Professional Service Companies with expertise in the Aerospace, Consumer Products, Banking and Staffing Industries. Known as “The Valley Business Broker”, Steve serves Los Angeles and Ventura Counties. Visit Steve’s website at www.TheValleyBusinessBroker.com.
