In the day-to-day running of a business, it’s often hard to find time to prioritize some of those big picture questions like “what is my business actually worth?”. But knowing the value of your business can be the catalyst to your next big step, like an upcoming retirement, offering an Employee Stock Ownership Plan, structuring a buyout among partners, or even selling your business outright. It can also reveal practices within your business that reduce value and make it harder to grow.
In this episode we’re talking with Matt Fett from BCC Advisers about business valuations. We’ll learn about when you would need one, how much it generally costs, and opportunities it can reveal. Plus, the behaviors that make it hard to structure a good deal to sell or transition a business and the role emotions play when trying to understand how much a business is truly worth.
For more information on Matt’s services, go to bccadvisers.com.