How to Select the Right Business Valuation Professional
Performing a business valuation is both art and science. Each valuation provides its own unique circumstances, intricacies, and potential pitfalls.
And while each valuation will have a similar set of prescribed procedures or best-practices that will be performed, a “one-size fits all” approach may miss the mark on arriving at a reasonable conclusion of value.
In addition to standard procedures and practices, a valuation professional must exercise a good measure of judgement based on experience and understanding of the industry in which the business operates.
Why Business Valuation Is a Prerequisite to Succession Planning
If you want to properly plan for your business’s future, you must know what it’s worth. While succession planning isn’t just about the numbers, the numbers are still important, and includes your valuation.
business valuation methods
Why Business Valuation Methodology Matters
When it comes to business valuation, the methodology used to reach a valuation matters significantly. The value of a tire manufacturer that has been in business for 70 years, with national distribution and a stable customer base, should not be determined by the same method used with a cloud-based ride-sharing business that is less than 10 years old.
COVID-19 Impact on Business Valuations
Like nearly every other area of business, COVID-19 has impacted business valuations as some American companies have seen revenues plunge and future projections become uncertain. For business owners seeking a business valuation today, several complications introduced by COVID-19 may affect the outcome.
Understanding the Value of Your Business
Based on our research, 40-60% of a business owner’s net worth is in their business. Do you know what your business is worth?
In a 1-hour webinar, we will walk you through the basics of business valuations, detail the process involved with valuing your business, and provide the key insights to valuations.
Our bv team
The Experts Behind the Valuations
With experience on over 2,000 valuation engagements, our experts are seasoned professionals who stay up to date with the latest techniques, attend national conferences, and hold multiple certifications. Our specialized group will provide necessary industry data that will benchmark you against the competition.
Are you in need of taxation and/or accounting services? Our team of financial experts will assist your business in developing your financial health to ensure business success. We will contact you within 24 hours to get any necessary information needed to complete a proposal and provide the effective team and services to meet and exceed your expectations. Thank you for your interest in Barnes Wendling CPAs.