Business market appraisals and valuations are both robust assessments of a business’ worth and are appropriate for use in different circumstances.
In this video I explain the difference between a business market appraisal and a business valuation, and when each should be used.
Topics: Business Value, Advice, Valuations, Video, Business valuation, market appraisal, valuing a business, Parramatta, Orange NSW
We are often asked by clients whether they need a valuation or a market appraisal.
The answer has a lot to do with the ultimate purpose of the valuation or market appraisal. For example:
Topics: infographic, Business valuation, business management, market appraisal, business valuer
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.
Topics: Business Value, Advice, Valuations, Video, business advice, business management, market appraisal
Business owners often come to us and say things like: “I want to sell my business/I’m interested in taking on a new shareholder/I want to get some finance for my business … and I have been advised that my business is worth X.”
My common response is: “We’re happy to help, but on what basis is your business worth X?”
The answer is usually along the lines of: “Oh well, that’s what I was told by my business advisor/financial planner/tax advisor/etc.”
Topics: business advice, Business valuation, market appraisal, business valuer
