Podcast Episode 9: Valuing Your Business for a Successful Exit

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Episode Summary

Brett explains why obtaining a quality business valuation can improve your likelihood of exiting your business successfully—and why you may not want to wait until you’re ready to retire to get one. You’ll find out the two most common valuation methods and the advantages and disadvantages of each, so you can determine if a formal valuation is right for your business.

If you're considering selling your business, you have to be realistic in that any legitimate potential buyer is going to do their due diligence. Click To Tweet

Episode Highlights

[03:09] Why any uncertainty about the value of your business can drastically increase the risk that you’ll exit with a gap between your sale proceeds and your financial needs post-sale
[04:53] The most common valuation approach and why it may provide a biased estimate of your business’s worth
[07:36] A more precise approach to valuing your business that can help you improve your cash flow and increase business value prior to selling
[10:11] Final thoughts on why valuing your business is critical for a successful exit and financial future