5 Signs It’s Time to Reassess Your Business Value

The value of your company means more than a figure; it’s a useful planning tool. No matter if your business has been valued before, the last valuation may become outdated over time. If you are planning a move or facing change, you should ask yourself: “Should I take another look at the value my business?

Table of contents: - Here are five key signs that indicate it might be. - Your business has gone through major growth or decline. - You are Getting Ready for a Sale or Merger - There Have Been Significant Industry Changes - You are in the process of planning who will be in charge once you leave - A Year Has Passed Since You Last Had Your Business Valued - Let MSI Taylor Assist You in Making Confident Choices

Here are five key signs that indicate it might be.

1. Your business has gone through major growth or decline.

A visible shift in revenue shapes your company’s overall value. Launching new products, working in new places, or growing operations can all increase value. On the other hand, if a company sees a drop in sales or one of its biggest clients goes elsewhere, it can affect the ratio negatively. No matter your approach, a new valuation will show you your position and may affect your business decisions.

2. You are Getting Ready for a Sale or Merger

Are you planning on offering your business for sale, merging it with another company, or getting investor money? You must now be sure your business is valued correctly. Knowing your company’s value gives you an advantage in talks and prevents you from undervaluing or overvaluing your business.

MSI Taylor’s team of Brisbane accountants has expertise in these important moments, walking business owners through sound and exact valuation processes.

3. There Have Been Significant Industry Changes

Business value can be greatly affected by changing conditions in the market. When your industry faces disruption, whether it’s from technology, competitors, or rules, you should rethink your strategy. A new valuation considers these changes happening outside your firm and shows the influence on your company’s worth.

4. You are in the process of planning who will be in charge once you leave

Your business’s assets and value must be understood now to prepare for what lies ahead. A proper valuation will help ensure that whoever takes ownership of the business pays a fair price.

5. A Year Has Passed Since You Last Had Your Business Valued

Just as we go for annual health check-ups, we should arrange a business valuation at least once every year. If you’ve been thinking, “How do I value my business in today’s market?”—chances are, you’re due for a refresh.

Let MSI Taylor Assist You in Making Confident Choices

MSI Taylor, one of the top accountants in Brisbane, helps business owners rethink their value using facts and knowledge from the industry. We examine cash flow and changes in the market to provide you with a fully accurate picture.

Be sure that your valuation matches the way your business has evolved. Get in touch with MSI Taylor to arrange an updated valuation and plan better financially for the future.