Do You Know The Value of Your Business?
Jeff Shrimpton
Business Coach ?? Speaker ?? Trainer ??Firewalk Instructor?? Corporate Team Events
For every pound in profit in your business you make you'll get somewhere between 2 and 10 (maybe much more) back in the value of your business when you sell. You make the money twice.
If selling your business at some point is on your horizon then you'll need to know 2 things.:-
A. What is the value of your business?
B. How can you increase this value before you sell?
The multiple that you get is dependant on a number of factors like..... how much business is with just one customer, is there a recurring fee model, and how much the business owner is essential to day to day operations. If you want to get the maximum value for your blood, sweat and tears then we need to work on these business drivers individually to create the greatest multiple possible, and also so that we know that we are selling a great business with integrity to someone who will benefit from us selling a well oiled machine.
I'm working with a new online tool that will give a business valuation and, most importantly, benchmark in eight different areas how your business could be improved to increase that valuation.
I'm looking for to trial this for free with a few businesses so I'm offering a free report to the first 5 of my Linked in connections that apply.
Hit this link to take the assessment for free and I'll send you the report and debrief it to you..... https://bit.ly/2FvQIp5
Once I've got 5 reports in I'll delete this post.