What Is Your Contracting Business Worth Now?

摘要

You want to get out, but you don't know where to start. How much are the years of sweat equity and hard work worth? Will anyone look beyond the numbers? More than a few contractors spend decades looking forward to the day they cash out. That's good. But when they get an unwelcome surprise as they try to retire, that's not so good.rnThe biggest mistake contractors make is they don't know their numbers, how their company will be valued and what they can do to increase the value of their company. But if you're looking forward to a final big payday at retirement, doesn't it make sense to make the check as big as possible?rnHere are some methods I use to value a business on paper and based on potential. If you're selling, there are considerations for getting the best price.