{"id":225406,"date":"2023-07-04T16:01:31","date_gmt":"2023-07-04T16:01:31","guid":{"rendered":"https:\/\/www.markperlbergcpa.com\/when-your-atlanta-business-might-need-a-valuation\/"},"modified":"2023-07-04T16:01:31","modified_gmt":"2023-07-04T16:01:31","slug":"when-your-atlanta-business-might-need-a-valuation","status":"publish","type":"post","link":"https:\/\/prosperlcpa.com\/blog\/2023\/07\/when-your-atlanta-business-might-need-a-valuation\/","title":{"rendered":"When Your Atlanta Business Might Need a Valuation"},"content":{"rendered":"
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We\u2019re nearing June 30 (the mid-year marker), which is a very smart time to move into a different gear in examining your business\u2019s financial situation.<\/span><\/p>\n

Because, like the good business owner that you are, I’m sure you kicked off Q1 with a bunch of exciting goals and objectives for 2023. So, now that we\u2019re nearing the end of H1, it\u2019s a good idea to check in on those goals. <\/span><\/p>\n

Consider how you’re feeling about your business right now. Are you making progress toward the growth you initially envisioned? Or are you growing in ways you didn\u2019t anticipate?<\/span><\/p>\n

And don\u2019t forget about all those valuable business and client relationships. Measure those too.<\/span><\/p>\n

Take some time to reflect. If your business isn’t quite on the path you intended in Q1, it\u2019s not a crisis. Adjust. And I\u2019m here to help you do that:<\/span>
calendly.com\/mark-perlberg-cpa<\/a><\/strong><\/span><\/p>\n

Doing regular checkups on your Atlanta business means you can find a firmer footing as you move ahead. It\u2019s one of the reasons I am continuing to address business valuation and why you should consider it. <\/span><\/p>\n

Today, let\u2019s dive more into when said valuation would be really helpful to have\u2026<\/span><\/p>\n

When Your Atlanta Business Might Need a Valuation<\/strong><\/span>
\u201cPeople know the price of everything and the value of nothing.\u201d – Oscar Wilde<\/i><\/span> <\/i><\/p>\n

Your business will have many milestones when you\u2019ll have to know how much it\u2019s worth. What are some? <\/span><\/p>\n

Last time, we looked at how a business valuation examines your company\u2019s <\/span>assets and liabilities, earnings potential, management, and assets\u2019 value. When done right, valuations are expensive for even such non-litigious purposes as a sale, a merger\/acquisition, or an owner\u2019s exit. <\/span>You might still need a valuation of your business in situations you haven\u2019t thought of. <\/span><\/p>\n

You want one ready when the time comes. <\/span>Let\u2019s look at the why and the when. <\/span><\/p>\n

Sale price<\/strong><\/span><\/p>\n

We business owners know that buyers and sellers entertain wildly different ideas about how much something is worth. The first and obvious occasion where you\u2019ll need a valuation is if you\u2019re planning to sell your company, especially if your company is worth more than similar companies in the same market. You\u2019ll need an accurate starting point for negotiation which allows you to sift prospective buyers faster. <\/span><\/p>\n

This can also be important when you\u2019re planning to exit your company \u2013 whether you\u2019re thinking of selling soon or several years from now, it\u2019ll help you to have a solid idea of what your business is worth. <\/strong><\/span><\/p>\n

Looking ahead, if you\u2019re like most business owners, your business constitutes a lot of your personal net worth. Knowing your equity in your company as far ahead as possible makes the planning of taxes and retirement (if you are retiring) easier.<\/span><\/p>\n

Two points: <\/strong><\/span><\/p>\n