Business Valuations* What’s the Value of Your Business? Understanding your business’ value is the key ingredient to undertaking a host of strategic activities and decisions. It is the elephant-in-the-room question for many business owners.Surprisingly, 75% of the 200 million small businesses in the world don’t know what they are worth. The Small Business Association in the U.S. (where 30 million SMBs are located) says this is one of the two main challenges companies and their owners face. The question remains why do so few organizations lack—and fail to track—this critical piece of information?In the past, it was very expensive to get a business valuation. The average offline business valuation can cost around $8,000. The price alone turns off most small business owners. More over, traditional valuations would take many weeks, and potentially several months. With the help of technology and years of business valuation experience, online business valuation tools, like the one we offer on our site, have made access to this information easily accessible for small business owners.***Informal valuations and statistics are provided by BizEquity. While a valuable starting point, it is not a certified business valuation prepared by an accredited appraiser. Nonetheless, it does provide valuable insight into how valuations are created. *** Reasons You Should Have A Business Valuation A business valuation is a process and a set of procedures that are used to estimate the economic value of an owner’s interest in a business. A business valuation is used by financial market participants to determine the price someone should pay or receive to effect a sale of the business.The main reasons you should have a business valuation:Better understand your business and its potentialPlans to sell your businessKnow the value of your largest asset in order to properly plan your retirementStructure Buy/Sell Agreements with business partnersEnsure your business and family are properly protectedConsider funding opportunitiesPlan for the future of your business with a qualified succession planBuy a businessPrepare for taxable events such as gifting or grants 68% of all businesses are underfunded78% of business owners expect to fund their retirement by 80-100% through the sale of their business50% of small businesses are underinsured40% of business owners don’t have life insurance because they don’t think their business is valuable100% of business owners will exit their businesses one day7.7M businesses in the US will change hands in the next 10 years, representing over $10 trillion in value Get Your Complimentary Business Valuation Patented 7 Step Process Knowing the true value of your business is the critical component to proper business planning and achieving personal financial goals. The following patented 7 step valuation process can help answer the questions that will lead you to make informed decisions for your future. We believe in the importance of empowering business owners, so we are offering this complimentary superior quality business valuation before we meet. After you complete the valuation, we encourage you to schedule an appointment with a Faughnan Financial Network Advisor to help you achieve your business and personal goals. Get StartedOnly Takes a Few MinutesClick Here Get In Touch With Us Name Email Address Phone Question Thank you! Oops!