Do you know how much your business is worth? If you’re considering transitioning out of your business, business valuation and accelerating the value of your business should be at the forefront of your mind. Many owners count on the sale of their business to fund their retirement or to start another business venture or phase of life. No matter the circumstances, there are not many situations where a business owners wouldn’t want to have their business valued at the highest possible amount, taking every asset and aspect of its performance into consideration.
With that being said, there is a type of asset that tends to be overlooked in succession planning or business exits: the intangible asset. Althought they’re intangible, these assets are crucial to determining the financial value of your business. They can and do represent real money upon the sale of your business, so understanding them and placing an appropriate value can become tangible in the form of a successful exit and money in the bank.
Learn more about intangible assets and how they can affect the true value of your business.
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