Click here for a link to the full article by Young Entrepreneur Council and Andrea Bousaid, published in Inc. on January 19, 2023.
Valuing a business during a recession can be a complex and challenging task, as economic uncertainty can impact a company's performance and financial stability. However, it is just as important to accurately value your business during a downturn in order to make informed decisions about its future, such as negotiating a sale or seeking financing. Here are some steps to consider when valuing your business during a recession:
- Review your financial statements
- Consider market conditions
- Determine the value of your assets
- Consider intangible assets
- Hire representation
- Identify the right approach
In summary, valuing a business during a recession can be complex, but it is important to accurately assess its value in order to make informed decisions about its future.
Reach out if I can be of assistance.
Steve Niehaus, MBA, CM&AP, CBI, M&AMI
[email protected]
239.565.3171