The Importance of Business Valuation when Selling Your Business in the GTA

Business Transition

The Importance of Business Valuation when Selling Your Business in the GTA

selling business valuation gta

Valuation reports are a key part of any pending transaction concerning your business. When selling your business in the GTA, obtaining a professional, independent business valuation helps manage your expectations with respect to the business’ market value and how much it can be sold for. A valuation report also provides useful information for entering into negotiations with a potential purchaser. When done early enough, it can help you identify areas in your business you should focus on to enhance its value prior to the sale. Keep reading to learn more about the importance of a valuation when selling your business […]

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10 Steps To Follow When Reviewing Your Company Valuation Report

company valuation report

A company valuation report is a document that is a product of Chartered Business Valuators’ (CBVs) independent and expert review of your company.CBVs can conduct a business valuation and prepare said report either part of a periodic process to ensure streamlined growth objectives; or when there is an immediate need for a valuation, such as a pending transaction, or in the face of legal disputes. Benefits of Reviewing a Company Valuation Report with a CBV Many CBVs are retained as independent experts by companies and business owners, and form part of their succession planning team, as a company valuation report […]

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Top Benefits of a Professional Business Valuation

business valuation ontario

As a seasoned business owner, it is common to enjoy an intuitive understanding of the importance of knowing the value of your business. Essentially this constitutes knowing what and how much it is worth based on current market conditions and its industry position, set against the amount of work you have put into fostering its growth over the years and the available resources for continuing your work. However, many owners these days miss out on the fact that the current value of their business represents a significant portion of their personal overall wealth. To stay on track both for the […]

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Smart Business Owners Share a Common Goal

Are you on track to meet your business goals for 2013? What are your goals for 2014? How often do you actually write down your goals for the coming year? I find that business owners generally do have predetermined revenue and/or profit targets. While those are important, there is another goal that can have an even bigger payoff: building a sellable business. You may say that you are not ready to sell. That’s not relevant. Here are five reasons why building a sellable business should be your most important goal, regardless of when you plan to exit your business: 1. […]

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Do Not Forget Insurance When Planning Your Exit

All business owners will one day exit their business – voluntarily or involuntarily.  Insurance is a vital tool for ensuring you are prepared for an involuntary exit due to death or disability. Two of our recent files at VSP involve a shareholder death.  Our valuation expertise was required in connection with a buyout of the surviving spouse’s equity interest.  Thankfully life insurance was in place to provide income replacement for the surviving family members and for purposes of funding the buyout. Life insurance, disability insurance, critical illness and long-term care should be considered to ensure you are prepared for an […]

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Take a Picture of Your Business to Enhance its Value!

A few weeks ago a friend of mine was telling me about a new exercise routine he had been following to help him lose weight and improve his overall health. It was visually apparent to me that he had achieved success with this new program. When he showed me his progression through weekly photos of himself, however, I immediately bought into his exercise routine as well as his commitment and motivation to its success. More recently, my brother sent me a current photo of himself and one from one month earlier. He is currently training for a competition and I […]

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Building a Business for a Successful Transition

Recent studies show that 75% of boomers will exit their businesses within the next 10 years, 50% within 5 years. “According to CIBC, an estimated $1.9 trillion in business assets are poised to change hands in five years — the biggest transfer of Canadian business control on record.” [1] The increasing supply of businesses for sale over this time period will put tremendous downward pressure on sale prices.   More than half of small to medium-sized business owners in Canada do not have a succession plan and many more do not have one formalized.  Without a proper plan, business owners […]

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