29 Apr 2019
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.