November 05, 2018
Article
Business valuation is how a business owner can gather multiple facts and figures about the actual worth or value of the company, concerning market competition, asset values and income values. Whilst most business owners think that a valuation is only beneficial when they are planning on selling their enterprise, here are a few advantages you can obtain from going through this strategic approach:
Maximising company value
Apart from getting a general idea of your business' worth from your company's stock market value, total asset value and company bank account balances, business valuations can help you identify ways to improve and maximise your company's value.
Strategising and decision making
Business owners can utilise a valuation as a decision-making tool as it can help in identifying the right time to market their business, boosting the chance to sell their enterprise at the highest possible price.
Preparing for the worst
Business valuations up front is a better option rather than struggling to get an idea of your business' value in the matter of worst-case scenarios such as a contentious divorce or death of a partner or a fellow owner. Moreover, a valuation can ensure your family is protected should you pass away.
Revealing weaknesses
Identifying your business' weak links is a strategic key in order to determine whether a sale is on the horizon. That said, business valuations is focused on assessing these risks and developing a plan to address them.
Committed to contributing our best for the benefit of our clients’ success, we at Albert Goodman, have a team of experts who can provide you with a bespoke and robust advice regarding independent valuation whether it's for litigation, commercial or tax purposes. In addition to this, we also offer a wide range of financial services to small and medium-sized businesses, families and individuals. Ready to find out more? Give us a call on 0330 333 5039.