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It takes a chartered business valuator to determine the market value of a business. Because every business is different, determining a business's value is not an exact science, and there are no set formulas. A chartered business valuator can help you determine a realistic value for your business.
You are the architect of your business acquisition project, so it's up to you to draw up the plans. Preparing a good business plan is an objective way of ensuring that the many pieces are in place, including the financing.
Whether you're an entrepreneur thinking about passing on the torch or a successor, you have the same goal: transferring the business successfully so it can live on and grow. Make sure you have the help you need every step of the way.
Transferring your business to a family member, key employee or outside buyer? The specifics of your action plan will depend on who your successor is. Follow these tips for transferring your business and check out our list of things to consider when selling.
