So you have a great business that you’ve invested your heart and soul in, and now for whatever reason, it is time to move on. You have kept your eye on the EXIT and have done all the right things. At this point, business owners all want to know: how do you determine the value of a small business?
Because success is so vitally important, you will want to engage the services of a trained, experienced professional. They’ll market your business to qualified buyers and oversee the transaction to ensure that it goes smoothly. There are specialists in every field, and business brokerage, mergers and acquisitions, and investment banking are no different.
The differences among a business broker, a merger and acquisition intermediary, and an investment banker usually are based on what each individual prefers to be called. When it comes to selling a business, the functions are the same, and just as in every profession, you will find very good ones and very bad ones.
Find a Professional
Do not get caught up in the names. When it comes to selling your business, you want to find the best professional to handle your transaction.
You should consider only professional business brokers who have industry designations that speak to the continual educational training they go through to ensure that they are serving their clients with the best possible knowledge, philosophy strategies, and ethics. They have the experience to help you determine the value of a small business.
Most owners sell a business only once in their lifetime. It is a momentous occasion, but one filled with unexpected challenges that could turn into monumental disasters if not handled correctly. When it is time to sell your company, your baby, the business that you have been married to for years, our advice is to seek out the best mergers and acquisition firm in your geographical area, the one with the best track record that you believe will provide the best service for you.
It Takes Expertise To Determine the Value of a Small Business
Taking the time to determine the value of a small business, a process based on many factors, will result in the most probable selling price and terms. At the Benjamin Ross Group, we know how important an accurate business valuation can be when planning the future of your company. That’s why each Benjamin Ross Group broker is highly trained and experienced in performing business valuations.
We will provide you with all of the information you need on the value of your business so that you can make a more educated decision on the next step. The decision may be made to place your business on the market right away—or with the information from the valuation, work on your business to increase the value.
At the end of the day, we will not only help you to find your exit, but will make sure you have everything it takes to get there safely. Of course, all this work is done while ensuring absolute confidentiality.
The reality is that every business has a life cycle, and you need to be preparing to sell your business the day you open the doors for the first time.