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If you are a business owner, here are a few considerations you need to be aware of.

Your Business Is Only As Valuable As Someone Is Willing To Pay

If you’re planning on selling your business to fund your retirement, you need to remember that any asset is only as valuable as someone is willing to pay for it. Your business may be going well now and it may even see it’s value increasing over time, however, it doesn’t take much for an industry to be disrupted and for business values to plummet.

Think about taxis. A few years ago, a taxi licence in Queensland could be sold for $530,000. Then along came Uber. Now, they are valued less than $150,000.

Imagine if this happened to your industry.

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50 Junction St Nowra, NSW 2541 Ph: 0411 635 164 Fax: 02 4403 0574 info@puddle2pond.com.au Planners: Amanda Pond
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This website contains general information only. It does not take into account your objectives, financial situation or needs. Please consider the appropriateness of the information in light of your personal circumstances.

Puddle 2 Pond Financial Pty Limited, ABN 14 159 325 603, is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited, Australian Financial Services Licensee and Australian Credit Licensee.

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