Growing Your Business Value
If business succession is on your agenda, you need to assess your business under these criteria. Where your performance or position is below what it needs to be, you can identify the issues that you need to focus on to change your business value.
Why is a Business Valuation so important?
As of right now, there are almost 2.5 million different active businesses operating across the whole of Australia. All of those businesses are worth a certain amount due to revenue, employees, and profit margins. A business valuation is something many of those business owners may not have even considered doing before. This Continue reading
How to Sell a Business
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business; structuring the transaction and positioning the business to the market. Both elements are important and can significantly impact your result. Structuring the transaction covers things such as Continue reading
A guide for selling or closing your business
Selling or closing down a business can be a very emotional time. There is an excellent checklist on the ATO website – this article helps to explain some of the more confusing points that need to be addressed whilst selling/closing a business in Australia.
How to value a business
Each method has its benefits and drawbacks. Consult a licenced, qualified business valuer before you proceed.
How do the Sharks determine the value of a Company?
If you have been a follower of the reality show Shark Tank, then the word “valuation” is not new to you. On the contrary, it is a term that is commonly used throughout the show. As entrepreneurs pitch the self-made millionaires and billionaires for venture capital, valuation comes up time and again.
Is it a good time to sell my Business?
As a business owner, it might hard to envision a period when you do not report to your company in the morning. However, there is a reality in the business world where, at times, the circumstances for you to sell your business will present themselves whether you are prepared or not. Have you ever found yourself in that situation and asked yourself ‘what would be the most profitable time to sell my business?’ This feature is dedicated to helping you understand the personal, business and industry considerations that you need to factor in to determine the right time to say ‘I can now sell my business.’
Dangers of using an Online Valuation Calculator
It is usually tempting for business owners, potential buyers and even prospective investors to get a quick estimate for the value of a business. An owner would want a quick solution if there is an urgent need for money, whereas investors and prospective buyers would be interested in owning the company as fast as possible. During such times, it becomes easy to turn to an online business value calculator to speed up the estimation process. Though quick, online business value calculators will not give you the same benefits as professional valuers. This is not the only drawback that comes with using a business value calculator on the web.
How to appraise a Small Business
You might want to own a business at one point or the other for different reasons. It could be that you have always wanted to own a firm for the sake of it. Many people found companies simply because it is their dream to found one. Others do it for financial independence. No matter the reason for starting a business, the most common way to come into the ownership of an enterprise is to start one yourself, in which case you are responsible for the business from scratch. However, when you are looking to buy a company from another party, one of the considerations you have to make is the worth of that business. How much should you spend on buying a company? If you are not sure, read these four ways you can use to value a small business for purchase.
How Often Should I Have a Business Valuation Done?
The number of business owners who either do not know or who have the wrong idea about the worth of their businesses is surprising. For the most part, this is because these owners do not place much stock in having business valuations done on their companies. After all, why should they dedicate significant time and resources to a business valuation when they are not ready to sell their businesses? Others may not be interested in knowing the true value of their businesses so long as their firms report profits year after year. However, as a business owner, you need to understand what a business valuation is and why it is important for your business to have one done. Additionally, knowing when to have a formal valuation done on your enterprise could influence the trajectory of your business. Below we will discuss some of the reasons to have a professional value your company and how often to do it.