One of the first things to have in place and in good order before you make a decision about whether to sell your business is your bookkeeping. Many business owners have a number in mind that makes sense for them to sell, but how do you determine your business value? There are quite a few ways to calculate what the worth of your business is to a potential buyer and all of them rely on accurate numbers. You should know your growth rate year over year, your EBITDA, your balance sheet equity and the value of assets vs. liabilities of different types, and the cost of client acquisition. All of this might sound overwhelming at first, but the better you understand the numbers, the easier it will be to negotiate a fair price for your business.
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