Business valuation...listening to the right "voices"

Business sales are strong, demand is high for quality businesses.....

If your season is coming to an end and you're ready to sell your business, bringing it to market at an inflated price could greatly jeopardize your chances.

Business valuation is highly subjective but make sure you're listening to the right "voices".

An un-sold business will leave you reluctantly captaining your ship and put further strain on you, your team and not forgetting your personal life as you try and stay motivated navigating this never ending tunnel of responsibility.

A good place to start is not getting too carried away with "uncle Bob's opinion" or the "Shark Tank" business valuation methodology, that is fun to watch and apply's in certain circumstances but can be reckless when talking "main street" business.

A timely graphic for me as I was trying to bring a group of sellers down to a realistic valuation of their business is this one from bvresources.

It is only a rough benchmark but backed by real transactions, obviously, there are other drivers that will impact value but thank you bvresources all the same!

#businessvaluation #businessbroker #florida