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How much is my business worth?
What can I do to make my business more valuable?
How can I get the maximum value out of selling my business?
NEW! For a free, on-line valuation of your business please visit www.bizvalpro.com
Those are all questions that most small business owners frequently ask. There are three basic methods or approaches to value any business: an asset approach, an income approach and a market comparable approach. Which approach is most correct for your business is something I’ll try to determine in our first meeting. Having your financial data will make it possible for me to explain the methods I used to establish a range of market values for your company. Of course a full business appraisal is also possible, but that always involves a fee (just for the appraisal) and is usually not necessary. We can also supervise an independent appraisal, performed by a reputable third party at a reasonable cost: ask me for a quote.
The free valuation I give you is sometimes referred to as a “broker’s opinion of value.” It’s a good estimate because of the size of the databases we use - over 40,000 business transactions. The process usually takes several days and is a free service we offer. We can use this time to talk about marketing strategies and potential target buyers.
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