As a business owner, you probably have a general idea of your company’s worth. Rules of Thumb applied to revenues and earnings might give you a general idea but if you need investors, doing tax planning or you’re considering selling your business, those general numbers aren’t good enough. You need a thorough business valuation to get a true sense of your company’s value and growth potential.
The experts at Canyon Financial Services have over 25 years of experience providing Phoenix, AZ, businesses of all sizes with accurate figures. Here are three ways a business valuation can pay off:
- Gain Investors: If you want your company to grow and expand, you might need a few investors to make this possible. Those investors want hard numbers to show them how their money will be used and what their return on investment (ROI) will be like. A business valuation can give you all the information investors will want to see.
- Increase Resale Value: If you think you would consider selling your business a few years from now, this is the perfect time to get a business valuation. Canyon Financial Services can analyze your current situation, so you know your true worth. If their business appraisal seems low, you have time to increase your value before you decide to sell.
- Leverage Better Deals in Mergers or Acquisitions: When you know the true value of your business, you are in a position to leverage better offers from companies looking to acquire or merge with yours. With a business valuation in hand, you can give hard numbers showing your worth, which will allow you to negotiate a more appropriate deal.
Canyon Financial Services recommends businesses of all sizes and in all industries periodically obtain a business valuation as part of your strategic plan. This gives business owners a better picture of their worth as well as a road map to reach their goals. If you are a business owner planning to retire in the near future, Canyon Financial Services can also assist with succession planning for a smooth transition. Visit the website for a complete overview of the services available, and call (602) 363-2698 to schedule a consultation.