Tis the season for reviewing last year’s financial results and budgeting for this year. What is a main goal for closely-held business owners in analyzing historical results and predicting future outcomes: assessing progress and growth.
What can you focus on to increase the value of your business? A business valuation can be a blueprint for growth. A solid valuation is built on more than just the financial statements. Whether you need a full-scale valuation or you are looking for a “back of the napkin” analysis, the basic questions are consistent and include, but are not limited to:
- Which valuation methods and approaches are appropriate for your business?
- What is your company’s history and management depth?
- What are your company’s strengths, weaknesses, opportunities, and threats?
- Where does your company fit in the industry and how does it compare to industry trends?
- What are the historical financial results and sustainable future levels?
- Are the revenue, expense, growth assumptions reasonable and sustainable?
A written valuation analysis (full-scale or “back of the napkin”) can establish a blueprint for growth. Each business is different and the experts at Clarus Partners are skilled at asking the right questions. Contact Courtney Sparks White at email@example.com or 614-545-9100 x 11 to help you draft a workable blueprint for growth.