How do you maximise the valuation of your business?

Charles Fairlie | September 19, 2018

When you are planning to sell your business it makes good sense to enlist the help of a Business Broker.

It’s a known fact that there will be a rapid increase in the sale of Australian SME businesses as baby boomers approach retirement age, and start looking to sell their businesses. 

How will you, they, or any business owner value their business?

What are your plans when you want to leave your business, for whatever reason? 

In an interesting article on Linkedin yesterday, Bruce Coudrey identified how much you really need to buy a business, including stock at value, working capital plus stamp duty, accountant, solicitor’s fees etc.

It’s a difficult assessments task for the business buyer but what about the added issue on the sales. What about the emotional component and connection to the business for the founder parting ways with his or her baby?

Their passion (and years of blood, sweat and tears) means they see their business as the best in the world, and value it so much higher, and rightly so!

It’s why an independent business broker or business advisor can be very beneficial.