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If someone asked you what your business was worth, would you be able to give an accurate answer? How do you go about finding out? A good place to start would be your assets plus your net profit. But does this number really tell the whole story? Let's find out.
You probably have an idea of what your business is worth, but do you know precisely? Sometimes issues arise where the exact value of an owner's interest in a business needs to be quantified, and that's why business valuations are important. So let's go over exactly what a business valuation is and talk about a few reasons why you would want to perform one on your business.
You've worked hard to get your business off the ground, but all good things must come to an end. In the event that you or a co-owner must take leave of the business, whether that is by circumstances out of your control or by choice, it's important to have a plan in place. One thing that should be a part of every businesses succession plan is a buy-sell agreement. So what exactly is a buy-sell agreement and how can it make your business more secure?
Succession planning is a must for any prudent business owner, and a buy-sell agreement is often the cornerstone of a succession plan. But what are buy-sell agreements and why do you need to have one in place for your business?
You understand your business better than anyone else, and you have a general idea of what your business is worth. However, how do you quantify all of the time and energy that you've poured into growing your business? When it comes to business valuations, tangible assets and liabilities are just one part of the equation. The goodwill that you have built also constitutes a considerable portion of the value of your business.
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Summerlin-Roberts uses a professional diagnostic process to help you categorize your needs & prioritize objectives.
We'll identify solutions that will specifically fit your needs. Any recommendations made will support your end objectives.
Once we have executive buy-in, we oversee the implementation of any new technology, solutions, or benefits from start to finish.
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