If you have ever owned a business at any point in your career, you have most certainly asked the question, “what is my business worth?”.  Well, did you get an answer?  If so, was it legit or pie in the sky?  Did you make a guesstimate or did you CPA give a number?

 Regardless of how you or your friends came up that number, history has shown that 70% of the time that price tag is off the mark by 50%.  Meaning, if you assumed that your business was worth $1,000,000 then you are missing the mark by up to $500,000!!  Talk about Russian roulette……..

The value of a business is based on many more factors than you realize.  Save yourself and your business by spending $5,000 - $10,000 and securing an independent, third party business valuation.  In immortal words of Charles Barkley, “anything less would be uncivilized”.

This entry was posted on Tuesday, May 8th, 2007 at 11:05 am and is filed under business appraisal, selling a business, Business valuation, business advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.