Tough time making business these days. You may think you got it all figured out. You have a nice brand, a unique product offering, an efficient team of people, and throw in some outstanding marketing techniques – nothing can go wrong, right? Wrong. Everything can go wrong in a snap. It’s easy to start a business, per se. But to stay in business? Well, that’s a whole different story.
Does your business have the capacity to remain in business? Does it hold enough value to continue with what it started? The answers can be answered not by death, but by people who make business valuation seem like a mundane task as drinking a glass of water.
Finding someone to value your business for you should be no math problem. But keep in mind that certain things should be considered as far as business valuation is concerned. You want to choose someone who is qualified and will do what is expected. See to it that their achievements speak to you, that making the choice is no longer in question.
Here are the people who can provide assistance with you on finding out the value of your brand or business.
- Accountants
Every business has to have an accountant. If you’re a budding business trying to dip your foot first into the water, what you want from an accountant is someone who knows enough about your locality, industry and has a bit of experience with businesses that are the same as yours. They must be able to provide you a good insight about what’s going on in the industry you’re in. Pro Tip: try to find out how many of the accountant’s clientele have been able to sold out in the last two years. This will help you know if he/she should be the accountant.
- Business advisors
Business advisors are the big brother of the business world. They see everything, they know almost everything. Their insights when it comes to the industry can be unparalleled, provided that they have enough experience and knowledge in that particular niche. As such, they can help you increase the value of your business and provide assistance in the whole selling process. Although they may not be the best choice in finding out a detailed valuation report, they can truly provide you with an armful of knowledge that can be useful for your business value.
- Certified value specialists
If you want someone who will ultimately count the last piece of staple wire just to find out the true value of your business, you should seek the help of valuation specialists. Their sole purpose is to provide you with a full-on, scrutinized valuation document – a proof on how much your business is valued and how much you can sell it for if you’re planning on it.
Other options include real estate agents, business brokers, acquisitions specialists, and listings from the newspapers and internet.
Don’t do this alone. Valuing a business isn’t a piece of cake. Seek the help of the experts. Should you find yourself lost in the whole valuation thing, call us. We’ll make it a piece of cake for you, and you can have the first slice.
Source: entrepreneur.com
