Business Valuations and Corporate Finance Expert
Gareth Watson is an actuary, consultant and co-founder of iBizValue, a firm specialising in business valuations and corporate finance projects for small to medium companies. Having worked at both large and small multi-national companies, Gareth has developed a keen insight into the value drivers for a range of businesses. Contact Gareth at firstname.lastname@example.org.
The questions couldn't be simpler: what happens to your business when you die, and does your estate plan properly account for your business?
Valuing anything that matters – businesses, products, contracts, people – is a risky business. Settle too low or too high and you lose out – or worse. Often, a business' valuation receives less attention than other pricing exercises, despite the potentially severe downsides.
No one owns a car forever. At some point, it changes hands. The same applies to your business – at some point, one way or another, it will change hands. Why then do entrepreneurs lose sight of the resale value of their business?
The true and ever-changing value of your business is one of the most important numbers to have on hand at almost every stage of your business' development.
As a business co-owner, being exposed in the event of the death or disability of another co-owner can immediately cripple a business. Fortunately, getting properly covered is easy.