How do I know what my business is worth?
The best way to assess what your business is worth it to get a market appraisal. Business brokers will provide you with a market appraisal of what they think your business could sell for. Appraisals are often provided free of charge by a broker as they would like you to become a client, and it’s part of their sales process, though some may charge a fee. There can be many variations in a business’s appraisals, depending on the broker's perspective and what they consider valuable.
It is a good idea to approach three business brokers who understand your industry and have experience selling your type of business. There is no point applying a calculation you find online as businesses are so varied, you want to get an accurate appraisal for the current market conditions. At the end of the day, you want to know what your business could sell for in the current market and ensure it’s priced correctly and is not too high or too low.
> Your Guide to Selling a Business
> How to Choose the Right Business Broker
Tags: sellingprivately
