Do You Know Your Company's Worth Right This Moment?
If you said “yes,” then you 1) are better prepared to face the future, 2) will reduce the risk of leaving money on the table when you sell your company, 3) have a better understanding of your strengths, weaknesses and key drivers.
Knowing your value is akin to tallying up your talents and naming your salary – but on a much larger scale.
Many business owners put off valuation until they decide to sell the business or address succession planning. Too late says Miller Cooper & Co.’s Daphne McCoy, Tax Principal, and Deborah Adasiak, Senior Manager – Valuations. They say knowing a company’s worth comes into play any time you ask “what if” questions.