The 10 Characteristics of a Good Business Valuation in New York City & Nassau County
Overestimate the value of your business will make it more difficult to get investors on board. Though it might be tempting to overvalue the business, all you really do is create an illusion based on your own cognitive bias, and that’s exactly what you don’t want to do.
If your business valuation is ridiculously optimistic, you will only scare away potential investors because it can show a lack of business acumen.
Why?
The process of valuing a business is quite complex, not to mention the difficulty of reaching a good valuation in itself. Regardless of which method you use, a good business valuation plays an important role in your road to entrepreneurial success.
But a good business valuation is more than that…
A good business valuation is an asset during your negotiations with investors or external party because you can use it to show exactly what makes your business valuable and worth investing in.
What is a ‘Good’ Business Valuation?
So what does ‘good’ really mean when we refer to business valuations? We at BizValue, Ltd. believe that a good business valuation is an accurate and realistic one. It’s based on an honest and objective look at your business’ weaknesses and strengths.