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How Much is Your Business Worth?
Manage episode 380600925 series 3317149
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As a business owner contemplates selling their business, oftentimes their life's work, a big misconception can occur. The overall value of their business is misconstrued based on numerous factors and considerations, which leaves the business owner confused.
On the latest installment of Lessons by the Lake, we're diving deep into the process of developing a true valuation of a given business. There are countless details incorporated into this process, all of which aimed at providing the business owner with a hard number on what their business is ultimately worth.
These conversations are routine for Bob Bedritis and his business owner clients, so let's get right into the details and answer the question: How much is my business really worth?
Timecodes:
0:06 - Introduction and overview on the topic of the day
1:45 - The valuation process is crucially important
5:33 - Why a business owner should be prioritizing the valuation process today
7:40 - The latest trends and statistics surrounding the sale of businesses
10:45 - What the valuation process entails and provides to business owners overall
15:32 - Information is power and it allows you to make smart decisions for your future
18:55 - How you can get in touch with Bob and his team to discuss your business
20:40 - Closing remarks
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