5 Reason to get a business appraisal

There are many good reasons to get a business appraisal valuation on your business. Here’s a list:

  1. So you can keep track of what business value you are building not just what income you are generating.
  2. So you would know if someone made you an offer to buy your business that you should take. Don’t rely on a buyer doing a business appraisal, you need to have one.
  3. So you know what the Small Business Administration would value your business for if you applied for an SBA Loan.
  4. So you know how much life insurance you need to buy-out a partner’s interest if something bad happens.
  5. So you know how much you could lose by not properly segregating your personal and business risks.

Please read number 5 again………..