It is Still a Seller's Market
The market is still very favorable for quality, well-run companies. At the end of February, I took to market a U.S.-based manufacturing company and received six attractive offers within three weeks. Buyers have a lot of cash they need to put to work, and they are aggressively seeking to acquire.

The Need for a Business Valuation

Businesses are tools that owners use to achieve their long-term professional, personal and financial goals. Assessment is a method that changes an owner's perspective on their business and provides a real-time understanding of that business's value. Any business's value is a determination that goes beyond its assets, expected revenue, and current inventory. Once an owner better understands their business's value, it can be grown and leveraged in never- imagined ways, as owners gain clarity about their future options. 
There are considerable benefits to completing an objective assessment of a business's value, in addition to gauging where the company stands financially. A valuation allows business owners to evaluate and reduce risks, align their team, enhance access to capital, achieve goals, and make their business more effective, controllable, predictable, and sustainable. 
Like a solid business plan, a comprehensive valuation is a roadmap to success. It allows business owners to evaluate their current position and plan a roadmap for improved performance in the future. Business owners who understand their business's actual value can work toward adding transferable value for the business's eventual sale, be it in one year or five. 
Starting the Year Right In 2021 - Business owners have good reason to be optimistic. We came out of the Great Recession stronger and more effective than ever before. The elections are over, removing a considerable distraction. Vaccines are being administered, and we now know more about the realities of COVID-19. There are fewer unknowns related to social distancing and staying safe. There is no reason to wait for the pandemic to end because business is moving on! 
You may not be ready to sell your company now, but if you are thinking ahead to a sale in the coming years, I would like to help you plan to maximize your business value. Please call me to discuss ways in which we may work to meet your goals.