Knowing the true worth of your business will allow you to properly make strategy for future operation and growth and be eligible to benefits you may not have been aware of. See our list of 10 reasons to get a business valuation below.
A business valuation can allow you to:
Borrow money without solely relying on real estate security
Renegotiate your existing facilities with your lender... get your house back
Motivate and incentivise key employees
Structure staff purchase plans
Create succession and estate planning strategies
Facilitate shareholder/partnership buyout.
Attract additional crowd-sourced capital
Create, build and protect intellectual property assets
Determine whether your business is growing in value