Research confirms that business owners spend most of their time working in the day-to-day activities of the business and don’t often address the strategic planning needs of their business. Business valuation is important to strengthen a business and plan for retirement, but owners frequently overlook it.
WICPA member Martha Sullivan, CPA, partner and succession planning practice leader with Honkamp Krueger & Co., P.C., and other finance experts identified seven common mistakes made on business valuations.