Thinking of Selling?

Written by Agnes Gondek, Manager
You’ve worked hard to create a successful, profitable business and now you’re looking on collecting a return for your years of effort and “drive into the sunset”.
Nothing wrong with that picture, but have you actually wondered how much your business is worth?
Statistically*, 88% of small business owners will be well wide of the mark when placing a value on their business, and, therefore, exposing themselves to the value gap risk. A difference between a value of your business today and the value you need it to be worth to achieve financial independence.
In the end, your business is only worth what someone is willing to pay for it.
Aside from having a profitable business, there are other non-financial factors that influence a business value, such as: a size of your business, your customers, your employees, years in the operation, performance of your industry sector, key person dependency and so on. Not all of them are in your control, but it might be worthwhile to review these and concentrate your efforts on your business weakness so you can maximise the value of your business.
Achieving the best result on sale of your business will require the same diligence it took to grow it.
Feel free to reach out to your WLF contact or at [email protected] to further discuss your options.
*2020/21 SME Research Report, Executive Summary