Business Valuation Near St. John

Like any business owner, you have a solid understanding of the various inner workings of your business, such as your services and products. However, knowing the details of your finances can be challenging, especially since it’s unfamiliar territory for many people. Harvest Wealth Partners can help you understand the importance of business valuation near St. John and the benefits of knowing your business’s worth. Talk to our staff today. 

What is Business Valuation Near St. John?

Your company’s economic value is unlikely to be something you know off the top of your head. There are many factors that impact finances, so the value must be calculated through a process called business valuation. During a business valuation, you will work with a financial analyst to determine your company’s financial value. Through this process, you will also learn more about the value of your company’s debts, liabilities and assets. Business valuation is an important part of any business’s future plans. As you strategize and plan for emergency situations, as well as understand your role in the local market, you will want to keep your company’s worth in mind. 

At Harvest Wealth Partners, we help local business owners and prospective buyers by explaining what business valuation is and its significance. By knowing the value of your business, you have a better understanding of your impact on the market. This is important if you are looking to sell your business. Additionally, prospective buyers can consider business valuation to learn more about the business of their interests. 

Approaches to Business Valuation

No two companies are exactly the same. From size to location, there are many aspects of your business that make it different. There are three methods that an appraiser uses to determine a business’s value:

• Assets-Based Approach: In this approach, an appraiser adds up all of your business’s assets and subtracts any liabilities. 
• Earnings Value Approach: This approach is used in one of two ways, by considering either discounted future earnings or capitalized past earnings. The earnings value approach determines the value by considering how much money your business is making. This method is also known as an income approach. 
• Market Value Approach: Using a market value approach, an appraiser will calculate your business’s value by comparing it to the values of similar companies. This approach depends on the market turnover of other businesses, so it isn’t always the preferred method. 

How Harvest Wealth Partners Can Help

At Harvest Wealth Partners, our financial planners can help you understand why knowing your value is important. We’ll provide you with information about business valuation and explain the different methods that can be used. We want you to build a solid understanding of why you should know your company’s worth, so we use various resources to make that happen. 

In addition to educating clients about business valuation, we provide several financial services and information for both businesses and individuals:

• Retirement planning
• Succession planning and exit strategies
• Private wealth strategies
• Business continuation
• Insurance 

Call Us To Learn About Business Valuation Near St. John Today

If you’re ready to learn more about business valuation near St. John, call Harvest Wealth Partners, to set up an appointment with our financial advisors. We are happy to answer any of your questions. 

This information was developed as a general guide to educate business owners, but is not intended as authoritative guidance or tax or legal advice.  Neither LPL Financial nor Harvest Wealth Partners provides business valuation services.