I read an intetesting piece on small business valuations today. It was mainly focused on Succession planning and how valuations are essential at the time of selling or transition the business to new owners. This is a very essential service for SMEs yet its in short supply. Maybe a possible business opportunity?
Agreed but very few want to pay a reasonable price for it. The price they want to pay does not cover my risk for doing it.
ReplyDeleteWhat risks do you tend to encounter? If the valuation is off or inaccurate do you get into "legal" issues with some of your clients due?
ReplyDeleteI have been doing some research and valuations tend to vary wildly depending on the method used, i wonder if this is hindering growth in this area.
Regards