Our team at Prosper Financial will help you understand business valuation, the various methods available to and guide you in getting your business valuated for a fair price.
As a business owner, no one understands the operation of your business better than you. You’ve put countless hours of hard work into developing your business, so its daily management, products, services and customers are extremely important to you.
You know the ins and outs of your business, but do you know what it’s worth? Do you know why understanding the worth of your business is important, even if selling is not currently on your mind?
A lot of factors go into determining the value of a business, including overall worth, debts, liabilities, and assets. Business valuation is essential to understanding your place in the current marketing and your industry. Business valuation also helps you to plan for the future and determine the best course of action should an unforeseen circumstance arrive, like a market crash or the unexpected passing of an owner. In addition, the IRS will need to know the value of your business for tax purposes.
The three most common valuation methods used are:
Prosper Financial believes that an accurate business valuation is an essential part of planning for the future of your business. To learn more about this process, reach out to us today.