Jamie Tulloch “The Business Engineer” MD – E3 Business Accountants
If you’re going to exit, of course you need to know the likely value of your business. Many Kiwi business owners treat their business as their retirement fund so before you make the decision to exit, you need to know what the business is actually worth.
If you’ve got a potential shareholder or investor interested in joining your company, then you need to have absolute clarity as to what your shares are worth. This is only fair to both you and the buyer.
Valuations are also often used as the base line from which to build a strategic plan. Having a revenue or profit goal is great but unless reaching those goals actually makes your business more valuable, why bother?
I believe that understanding the methodology on how a business valuation actually works, is knowledge that a company owner, director or shareholder should know.
When we value your business, it will be done to Accounting Engagement Standard No 2 (or AES-2) standards and in that process, we will spend time with you explaining how it all works.
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