Why is Determining Value Important as Part of a Succession Plan?
Every business owner questions how much his or her company is worth. As you approach retirement, this is a critical question so you can determine if you will have enough to live the life you would like to in retirement. For public companies where a market exists, the question is easy. It is not quite so easy for private companies. Obviously, this question is critically important, for instance, when determining how much an owner might need to spend to fund a purchase of a