Business valuation is both a science and an art You need both your right and left brains when you set about valuing businesses, which is an endeavor that is mostly science, with a fair bit of art added in. To begin, one must understand the three principal methods of business valuation. Next, one must understand […]
There are multiple factors that determine the right time selling a business. The greatest challenge for many owners is creating a strategic plan based on the owner’s individual priorities. An owner who is happiest post-sale is the owner who determined her priorities while a seller who does not resolve her priorities and objectives is often disappointed in a sale of her business regardless of the selling price. An owner is often forced to balance personal and financial priorities against one another. It is critical for an owner to be honest about her skills, desires, timing and business.