Don't wait until someone offers to buy your business to seek a business valuation or market appraisal.
Valuations are extremely useful management tools for business owners looking to maximise their current business performance and long-term value.
A valuation can help you identify what you are currently doing that is adding to your business value, and what you are doing that is detracting from value.
My advice is that, if your business is greater than five years old, you should have it valued on a reasonably regular basis.
We have created a number of free resources for our clients and subscribers interested in learning more about business valuation:
- Client case study – Using valuation as a management tool
- Video – What is the difference between a market appraisal and a valuation?
- Infographic – How valuers assess a business' online presence
Visit and subscribe to the JPAbusiness YouTube channel for more videos from the JPAbusiness team.
If you are interested in seeking a market appraisal or valuation for your business, or for a business you’re considering purchasing, contact the team at JPAbusiness on 02 6360 0360 for a confidential, obligation-free discussion.
James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.