Our goal is to maximize each business owner’s proceeds from the sale.
Cleveland, OH (PRWEB) January 4, 2011
Confidential Business Sale, Inc. is officially introducing the Business Value Estimator which is a simple, free tool for estimating the value of a small business. Designed for businesses under $5 million in revenue, the tool calculates estimated business values based on thousands of actual bank financed transactions. The widget can be used directly from the company’s website or the programming code can be obtained to easily add the tool to other web pages.
“Studies show that on average, 90% of a business owner’s net worth is tied up in their business,” says Mr. Kipp Krukowski, owner of Confidential Business Sale, Inc. “However, most owners don’t regularly monitor their company value like they do their individual stock portfolio, which is by far less important to their overall financial net worth compared to their business.”
By monitoring the company’s value prior to the business exit, an owner can make adjustments in their business operations to increase value. “I am a proponent of an actual third-party business valuation as an annual or bi-annual check-up, even if the intent on exiting the business isn’t for years. Life is unpredictable and you never know when an emergency situation could require a premature sale.”
Being specialists in selling small companies, the business brokers of Confidential Business Sale, Inc. are often asked for estimates of business value from owners and other professionals. The tool was designed to be very simple and to be used by:
- Business Owners looking to have a quick tool to gauge their business value as they grow their businesses
- Business consultants or coaches working with business owners to show how values may change after implementing strategies
- Professional Business advisors such as Financial Planners, Accountants and Attorneys who want to have a third-party opinion of value
- University Business Schools who want to educate their students about business values for different industries and sizes
- Chamber of Commerce Organizations looking to provide useful resources to their business owner members
When asked why the company is providing this tool for free, Mr. Krukowski said, “As consultants, we frequently represent owners when selling a business. Our goal is to maximize each business owner’s proceeds from the sale. In many cases, we have wished that business owners implemented strategies years in advance to help improve their value. We often hear 'cost' as the most common excuse for not getting an estimate of value. 'Free' eliminates that argument.”
The company notes that users want to read the instructions carefully to make sure data is inputted correctly to provide the most accurate estimates. It is also important that users understand that the estimates are based on business sale transactions to third-parties. The company wants to be clear in that the tool doesn’t eliminate the need for a certified business valuation for many situations. A certified business valuation is necessary for all important situations involving a business owner such as financing, litigation, gifting, and business planning among many other reasons. A valuation is specific to an owner’s business while this tool provides an estimate based on transactions that have been financed that may or may not be similar.
The free Business Value Estimator can be found at: http://www.BrokersBusiness.com/How-to-Value-a-Business/.
About Confidential Business Sale, Inc.:
Confidential Business Sale is a consulting and business brokerage firm that assists business owners in the confidential sale of their privately-held companies with revenues under $20 million. Having sold many business for sale opportunities, Confidential Business Sale uses their experience to help in valuing the business, identifying potential buyers, negotiating, deal structuring, and due diligence. With offices in Cleveland Ohio, Detroit Michigan, and Pittsburgh PA, the business brokers at Confidential Business Sale can be found at http://www.BrokersBusiness.com and http://www.Facebook.com/SellABusiness.
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