24 Jun How Does Your Business Compare?
When considering the value of your company, there are basic value drivers. While it is difficult to place a specific value on them, one can take a look and make a “ballpark” judgment on each. How does your company look?
|Business Type||Little Demand||Some Demand||High Demand|
|Business Growth||Low||Steady||High & Steady|
|Market Share||Small||Steady Growth||Large & Growing|
|Profits||Unsteady||Consistent||Good & Steady|
|Management||Under Staffed||Okay||Above Average|
|Customer Base||Not Steady||Fairly Steady||Wide & Growing|
|Litigation||Some||Occasionally||None in Years|
|Sales||No Growth||Some Growth||Good Growth|
|Industry Trend||Okay||Some Growth||Good Growth|
The possible value drivers are almost endless, but a close look at the ones above should give you some idea of where your business stands. Don’t just compare against businesses in general, but specifically consider the competition.
As part of your overall exit strategy, what can you do to improve your company? Speak with a Certified Business Broker to learn more.
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