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One of the most common questions asked when deciding to buy or sell a company is what it is worth.
Determining a company’s value requires the consideration of multiple factors to make up one all-encompassing number, usually known as the MPSP or most probable selling price. Here, we break down three parts of determining a company’s valuation and what they mean for you. One of the most common questions I’m asked about in my line of work is, “how much is my company worth”?
And the two things clients always seem to focus on and confuse, are goodwill value and blue sky value. Maybe you’ve heard this jargon used before or maybe it’s completely new territory for you. Either way, let’s dive into what these terms are and why they matter to you. If you’ve ever climbed Mt. Everest, you probably had a kick*** sherpa.
Okay, so most of us haven’t climbed Mt. Everest, but maybe you’ve heard of a Sherpa? A Sherpa is an expert mountaineer known for helping lead treks up Mt. Everest. They are highly skilled, well aware of the terrain, and highly regarded for their experience and know-how. As a business broker, I am like a deal sherpa. I bring a team of experts to help our clients get to the top of their “mountain”: buying or selling a business. You do what?
That is usually the question I am met with when I tell people that I am a business broker. So, let's break it down and figure out WTF a business broker actually does? |
AuthorKatie is coach, entrepreneur, and deal-maker that partners with business leaders in creative ways to maximize potential. She understand the complicated lives of entrepreneurs and believes the world would be a better place with even more successful small businesses. A fourth-generation entrepreneur, Katie purchased her first business in 2010 and has partnered with hundreds of business leaders to accomplish their goals, challenges, and visions for a bigger future. Katie is certified in Conversational Intelligence® — the neuroscience of leadership, and holds a B.A. in Business Management from Luther College in Decorah, Iowa. Archives
February 2020
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