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If you own a business, congratulations - because you are on the surest path to wealth. According to the New York Times bestseller The Millionaire Next Door (Stanley & Danko, Pocket Books, 1996), nearly 2 out of every 3 American millionaires achieved their wealth by owning a business. Yet based on our experience valuing over 25,000 enterprises since 1990, we believe owners are shockingly misinformed about what their businesses are worth. This can lead to disaster. Owners are fortunate if their advisors have helped them understand the dangers of misvaluation; otherwise they must educate themselves. To help SPARDATA has created Business Valuations 101 -- several papers on the key issues including Lesson 1. Owners Make Bad Appraisers); Lesson 2. Ignorance Is Costly; Lesson 3. Why Rules-Of-Thumb Do Not Work; Lesson 4: I Will Ask My CPA ; and Lesson 5: How Appraisers Value A Business. If your business is successful, ask yourself if you fall into any of the following categories:
If the answer is yes, you should have a current business appraisal. Browse through these Owner Briefings to learn why: |