What’s My Business Worth?

What’s My Business Worth?

I hear this question all the time.  As owner managers look forward to retirement, their company represents a large portion of their retirement assets.  How much is this retirement asset and when is the right time to sell?

Once it has been decided to (at least) consider retirement, I get the request, “Please value my business so I know what it is worth and the price I will get”.  The words value, worth and price tend to be used interchangeably as though they have the same meaning, but they are quite different in the context of selling your business.

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