Value Planning for the Future

https://sbdc.wisc.edu/manage-your-business/value-planning/

For a business owner, retirement often translates into selling your business. Even if you never plan on selling, building your business as though you will sell someday will ensure more efficient operations, clearer business trends, a cleaner financial picture, and better standard operating procedures – all key qualities for both effective ongoing operations and value drivers for the future.

For business owners, proactive value planning:

allows you to understand the value drivers in your business helps you identify and prioritize the actions needed for the future helps you clarify whether actions you are taking are having a positive impact measures growth, capacity for growth, efficiency, future opportunity, and future risks If you are considering purchasing another business or selling your own, there is no crystal ball to help you determine perfect timing. However, there are ways to monitor the financial performance of your company – or the company you are looking to purchase – that can help guide your decisions. This class will help you understand how to analyze your business’ financial performance as well as some qualitative factors to consider when making decisions regarding your investment in your business.

In this session, you will:

Explore the idea of a “buyer” – who are they? What are they looking for? Learn tips for building your business to sell Understand how to build credibility and clear financial statements Understand risk factors that impact value Understand qualities of the ideal time to sell Learn the basics of what to expect when selling your business – or what to look for if you are hoping to buy a business Using this session as a launch point for longer-term planning can also help you set goals for what you need to achieve before you go into the market.