Below you'll find a list of all posts that have been categorized as “Selling Tips”
Especially in today’s economic climate, it is common for a business owner to wonder, “How often should I re-value my business? “or “How long is a business valuation valid?” The short and sweet answer is once a year. The long and honest answer is it depends. First, the answer depends on the purpose of the valuation. It then depends on …
Multiple business valuation methods can be used to determine a business’s value. Although several methods are considered standard, when compared to each other, one business valuation formula will undoubtedly result in a different value than another formula. Add to that the wide variation of industry-specific factors, and you can understand why valuing a business is really more of a craft …
If you are a business owner, you have undoubtedly wondered how much longer we will face this global pandemic. You have probably also wondered, “What is the effect of COVID-19 on business valuations?” The short answer is: It depends. Here are some more details to help explain the effect of COVID-19 on business valuations: How will COVID-19 affect business valuations? …
Knowing how to accurately value a business involves multiple methods and formulas. When comparing and using multiple valuation methods, this will commonly result in different values for each valuation method. Utilizing these variations of value can actually help provide a more well-rounded valuation; but add the abundance of industry-specific considerations, and suddenly, “how to value a business” becomes much more …
3 Reasons Entrepreneurs Want to Sell Their Business In my 24 years in representing business owners, one of the most common questions I hear after listing a business is ‘why do they want to sell’? Owning your own business can be incredibly rewarding and fulfilling, but there comes a time when you will need to consider your exit strategy. Making the …
2020 has brought on some unique challenges to HVAC business owners. With those challenges its also presented a new set of opportunities for successful HVAC companies who are now looking to grow and seeing access to experienced industry partners who can help them scale. There are significant benefits to partnering to grow an HVAC business. Our team here at Viking …
How to Accurately Value a Business A business valuation is the single most useful piece of financial information about any company. If you are an entrepreneur, knowing your business’ market value is always important, but it is most necessary when attempting to find a new owner for your business. At Viking, we pride ourselves on providing business owners with the …
Every HVAC business has a lifespan. The key to success in any business is knowing how to manage that life cycle to exit properly. The key to a successful exit is having the right strategy in place that will help you achieve the desired results. But equally as important, is avoiding some key mistakes when you get ready to sell …
“Why do I need to know the value of my business today if I’m not ready to sell?” This is a question we hear all too often; if I’m not ready to sell, why do I need a business valuation? A comprehensive business valuation provides the business owner with essential information that can be used to guide future strategic planning. …
25 Situations You’ll Use a Business Valuation In Business valuations can be used for so much more than selling your company. As a small business owner, you recognize the importance of staying current with market trends, industry forecasts, and the state of our economy so that you can prepare for anything. Planning ahead is a crucial part of small business …
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