Want to know my favorite discussion topic when clients are mapping out their strategy when they desire to sell their business?
The asking price.
It’s so rewarding to see all of their business-building sweat equity turned into cash, and my client heading off to their next venture.
There are a lot of factors that go into what influences the price of a business. The two main ones are:
- The operational financial performance of the company over the past 5 years
- What value a buyer sees in the company
It would be ridiculous to expect to get your dream price for your business without being able to give the potential buyer information about its financial performance.
And if your books are a mess, well, that asking price may end up being nothing more than a “wish number.”
If you’re curious whether the current state of your books will correlate to a low or high value of your business, you’re in luck.
TurboExecs recently introduced a new Valuation service (that won’t break the bank!) to give you a baseline of the value of your business as it stands today.
It will confirm your numbers are telling the truth, and if that truth reveals a low valuation, we can help you turn things around.
Curious about the value of your business? Ask about our Valuation service today, and get on the path to lucratively exit your business!