Most business owners find it difficult to plan because the future has more unknowns than their non-business-owning counterparts. They might not know how much their business is worth, when they should sell, where to find the right buyer, how to fetch the best price, or even how much insurance to carry. If they have a family business or operate with a partner, they also have additional layers of both complexity and ambiguity.
When planning for the future, it is easy to become overwhelmed by all that isn’t known. When we step back and evaluate the question marks, that dot the path to the future, we might realize that not everything is unknown.
Knowing the value of a business is a prime example of a discoverable fact, yet 98% of business owners in this country, don’t know the answer.
In less than a half an hour, using an innovative technology that harnesses the power of big data, an accurate business valuation can be obtained to illuminate the future path. The valuation gives us an understanding of how much the business is worth, levers that could drive future growth and how it compares to industry peers.
According to a Financial Planning Association/CNBC study, over 70% of small business owners have the majority of their wealth tied up in business assets. Knowledge of how much the business is worth brings clarity and insight into retirement and estate planning discussions, succession planning and exit strategies, and insurance protection decisions.
CEO COSULTING collaborates with business owners to address the challenges in maximizing the value of the business. We start with the COSULTING Business Valuation, which is an affordable, timely and online business valuation. The 29-page report is the road map to develop and implement financial benchmarks and strategic initiatives to increase profits and cash flow, so business value can be maximized.