According to recent survey by the Business Enterprise Institute, 66% of firms with at least one employee are owned by a Baby Boomer. A common characteristic of these business owners is that 80% to 90% of their total wealth is tied up in the business. This presents a problem because business owners that are looking to retire need to cash-in on their lifetime of work.
A key step in business succession planning is to quantify the value of the owner's interest in the business. While many assume business owners know the value of their business, the reality is that the estimated value can be materially different than the actual selling price. By investing resources into valuing your business, you increase the likelihood of meeting your financial goals when you exit your business. In this webinar, we will:
1. Review the approaches to valuing your business and
2. The potential benefits of completing a valuation even if you don't plan to exit your business for several years.
Join us on December 9, 2021 at 1PM. Register here!