One of the biggest misconceptions when it comes to business valuation involves multiples. Someone might hear that their friend or neighbor sold their business for a certain multiple of earning and based off of that amount, get an idea of their business should be worth.
There are many factors to consider when comparing your own business, such as the industry, whether the business is established with a history of profits, or a new start-up business, and so on. To improve your multiple and get the most our of your business, you want to do everything you can to reduce risk.
415 Group can help by using our experience to help you get the most value for your business. We have performed thousands of business valuations and have experience in multiple industries.
Watch this video to learn more from 415 Group Senior Manager, Dominic Reolfi, as he discusses the value of a strong business valuation team and contact us today to get started.