By Charles Laverty, Jr., ASA, CBA, CFFA
More often than not, the need for a
business valuation arises when one of the four D’s occur (Death, Divorce, Disability, or Distressed Business). In order to be a valuable tool, a business valuation should be used on a periodic basis to provide an owner with an appropriate value of their business, while assisting in the
exit strategy process. A business valuation should not be merely the result of an event requiring it.
At some point in time, every female business owner will leave her business (voluntarily or involuntarily). Through proper planning, an owner should expect to achieve her desired goals. Statistics show that the value of an owner’s business accounts for over 90% of her personal wealth. However, more than 75% of all business owners do not have a formal transition plan in place.
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