To have an understanding of what something is worth, you need to have an understanding of how much someone would pay to buy it. Businesses aren’t any different. To know how much your business is worth, consider how much you could sell it for. But, that begs the question: Is your business worth what you think it is? Whether you’re planning to actually sell your business or not, knowing the answer to this question is crucial. If your business has never considered this question before, some deciding factors may surprise you.
Hanny Akl, CPA, CFE, CEPA, CVGA, a Member and leader in the Firm’s Transaction Advisory division, meets with Kim and Paul to discuss how businesses can create value for themselves and how they can minimize the difference between what they think a business is worth and what someone would be willing to pay for it.
Listen to additional episodes of Wrap—a podcast by Warren Averett designed to help business leaders access the information that you need, when you need it, in the time that you have, so you can accomplish what’s important to you.