Trevor has decided to sell his business but Trevor has decided that he is going to try to sell it to other people in his industry that he’s built up relationships with over the years. Trevor fails to secure an appropriate business evaluation. As a result Trevor gets 60% of the value that he should have gotten for his business.
A Concentrix Wealth Advisor would have helped Trevor to understand that he has to know what the actual value of his business is based on multiple valuation formulas to allow him to get a better deal from the buyers who will always try to downsize the offering price.
And, just as importantly, a Concentrix Wealth Advisor will make sure that the sale of the business will be enough to support the retirement of the business seller. A business whose owner does not properly prepare it for sale, typically sells for 30% less than value. A Concentrix Business Advisor will work to make sure that the sale of your business is maximized.
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