Purchasing a Business – What Type of Report...
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Knowing the value of your business is one of the most powerful decision-making tools a business owner can have. Unlike public companies, where their shares are publicly listed on a stock exchange, private companies do not have access to public markets. At Smythe Advisory, we are often approached by business owners to help determine the fair market value of their business.
Scenarios where a business valuation is important:
An incorrect business valuation can have serious financial consequences to you and your business. At Smythe Advisory, we understand the risks involved and the importance of getting it right the first time. By engaging our team, you can rest assured that our team of business valuation experts will accurately and fairly determine the value of your business.
We maintain strict standards and all of our valuations reports are prepared in conformity with the reporting standards of the Canadian Institute of Chartered Business Valuators. In addition, our Chartered Business Valuators have proven track records and are qualified as expert witnesses before the Supreme Court of British Columbia.
When preparing a valuation report, we take the time to analyze your business and have in-depth discussions with you to determine what the value drivers are in making your business successful. We become a sounding board for you, the business owner, to reflect on your current operations, and formulate a strategy moving forward.
To learn more about the types of valuation reports we can prepare for you, read more about it here.