Are you ready for a refresher course on business valuations? Mary Beth Koester joins unsuitable on Rea Radio to walk us through the basics: What is a valuation, why do business owners need one, and what other valuable services does a valuation support? We’ll answer these questions and more using some real-life examples.
Why Should I Get A Valuation (If I’m Not Looking To Sell)?
When most business owners think of valuations, they tend to think of it in the context of a liquidity event, such as a partner passing away, estate planning, or succession planning. However, it’s also just part of a good business strategy and planning for the future.
If you are a business owner or executive, you will be interested in these other topics discussed in this episode:
- How the stock market affects business valuations.
- Valuations for “lifestyle companies”.
- How you can use valuations for business planning & risk assessment.
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articles & insights
Building A Business Is About Building Value – Calculating how much your business is actually worth is a lot harder than you think. Learn more about the reasons you’ll want to know the value of your business.
When Do You Need A Business Valuation? – The “have to” type is a reactionary response triggered by a specific event, while the “should-do” type are used by business owners who are looking to arm themselves with the information necessary to make important future-facing decisions.
Don’t Follow These Steps If You Want To Grow Your Business – If you are just guessing when it comes to your business’ value, you are throwing away (or burning up) your hard-earned money. That’s not fun. Why would you do that.
You Built A Business. You Grew Its Value. Now You Need To Protect It. – What options should you explore when it comes to protecting your largest, most valuable asset? This article spells it out.
Keep Your Practice In Tip-Top Shape – Your veterinary practice is your passion. Make sure you prioritize your responsibilities in order to maintain success and enhance your practice.
Click here to read the official transcript for episode 173, “back to the basics of business valuations”