Session 2: Name Your Price – What is Your Business Worth?

Does your business have value? Do you have a number in mind? Valuating a business can be a complex process and is usually done by a business valuator, but before you begin the sale process, it is helpful to have an idea of your business’s worth. Join Yohaan Thommy from MNP as he walks you through the process of determining what your business may be worth and how to maximize its value.

This workshop is most useful if you have your financial statements available to reference throughout the session so you can work through the exercise with your own numbers. Time will be allocated for you to run your own calculations. You will not be sharing this information with the facilitator or other participants. If you would like to calculate an estimation of your businesses’ value, be sure to bring along three to five years of financial statements. It will be important to know your annual profit, earnings before interest, tax, depreciation, and amortization, and your salary.

Content:

1. Valuation Methods – How the numbers are crunched
2. Valuation Exercise – A guided exercise in calculating your own business’s worth.
3. Building Value – What you can do to improve your valuation.