Selling a business requires a lot of work, including things like financial analysis, market research and more… Of course you have to start your exit strategy early and clearly understand your motivation. You may already have your books in order, and you might have already built a mini business plan but do you know your worth?
As mentioned in our previous posts valuations can be tricky. Even though it may be difficult is still a very necessary task when you decide to sell. As previously explained there isn’t a single formula that can accurately determine the worth of your business. The best way to know your business valuation is to hire a valuator, who can work through the technicalities of determining its value. Having the key people on your team will help you maximize your worth and get the best possible sale price!
About Brightblue Transition Solutions
Located on Vancouver’s North Shore we are the premier business broker in the lower mainland, contact us if you need any help buying or selling a business in the greater Vancouver or lower mainland areas.