Chapter 7
Meeting the Supporting Players in the Valuation Process
In This Chapter
Discovering situations in which you may need experts
Knowing the kinds of experts who can be useful in a business valuation
Seeing how valuation experts are trained
Whether you end up doing the valuation yourself or enlist help is up to you. Yet weâre big believers in getting help, as long as you do your homework beforehand and get the right help. Weâre not saying that you have to bring in a squadron of experts to do a simple valuation, but you should consult certain professionals before you do anything based on your situation. In fact, in a lot of situations, you definitely donât want to try this at home. This chapter focuses on the key professionals in this process, what kind of situations they fit, and how to hire the best people.
Your business finances and personal finances are inextricably linked. If youâve never been in business, this fact is one of the first things you find out. So what does that have to do with valuation? When you start thinking about business valuation, your number one objective is to know not only how the value of your business affects the course of your business strategy but also how it influences your personal finances, including the people you may need to hire along the way. No one ever went into business to get poor, so your valuation strategy has to complement ...
