When it comes to planning an exit strategy for your business, it’s never too early to begin the process. Many owners start their business with a sale in mind. Others envision a generational family business or give no thought of selling. No matter where you are on the spectrum, conducting valuations early in the game can set you up for success.
A recent article in Entrepreneur emphasizes the importance of starting the valuation process early. According to the author, business owners are all-too-often surprised when a valuation is nowhere near what they expected. An early valuation for any business can help develop strategies to improve business value, and give the owners time to develop those plans.
There are no overnight fixes and key value drivers can take years to develop. Early awareness and adjustments can make all the difference when it comes to selling your business at a price you think it deserves.
To read the full article in Entrepreneur, click here.
SDR offers enterprise valuations as part of it’s suite of advisory services. For more information, click here.