Do You Really Need a Professional Business Appraisal?

About this episode

Kirk Michie discusses cost-effective alternatives to professional business appraisals for exit planning.

Figuring out what your company is worth is one of the first steps in exit planning, but acquiring that number shouldn't break the bank. Many founders mistakenly believe they must hire a professional appraiser right out of the gate, spending tens of thousands of dollars just to see if a sale makes financial sense. In reality, unless you are navigating a specific legal or structural event, there are far more cost-effective ways to gauge your market value. In the video below, Kirk Michie explains why you can likely skip the formal appraisal and how to use transaction advisors to confidently plan your exit.

People in this episode

Host: Kirk Michie

Topics covered

• business appraisal
• exit planning
• market value
• cost-effective strategies
• transaction advisors

Keywords

• business appraisal
• exit planning
• market value
• transaction advisors
• cost-effective

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