Valuing Your Business: An Entrepreneurial Best Practice
If you’re an entrepreneur, do you know what your business is really worth? It turns out, you might be surprised to discover its true value.
On the latest episode of Advance Your Wealth, we examine the importance of valuing a business, why it makes sense (even if you’re not planning to sell), and how you might set out to get a proper valuation done.
Chapters:
0:00 - Introduction and overview on the topic of the day
1:30 - Very few business owners are ultimately satisfied following the sale of their business
4:40 - Entrepreneurs should be aware of their business' value over the course of time
6:06 - Business owners are often surprised by the results of a true valuation process
8:36 - Advice for getting this process started
11:10 - The key issues that arise when a business valuation process is conducted
15:41 - What business owners should be considering today
17:39 - Business owners need to take time to work on the business, rather than in the business
19:03 - How to get in touch with Homer and his team
21:09 - Closing remarks
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