Most small business owners have only a vague idea of what their businesses is really worth. And most of the ones who think they know are probably wrong. Professional appraisers who regularly conduct business valuations say that owners err on both sides. Some fail to include intangible assets in their estimate and undervalue what they've built. Others think their businesses are worth much more than reality would dictate. Even if your company isn't required to have a valuation, it is still important to the future of the business to know what it's worth.
Business owners often bring in an appraiser to prepare for a purchase, a merger or an employee stock ownership plan. Or a valuation might be needed for estate and gift tax returns, buy-sell agreements, litigation, tax challenges, divorce or many other purposes. Here are four more reasons to perform a business valuation:
Video conferencing is quickly becoming one of the most important communication channels for both small and big businesses. As more businesses turn to this technology, expectations about the experience are also rising. It’s not enough to just offer video conferencing as a communication method. You also need to meet minimum audio and visual standards, and there’s even proper etiquette to consider. more
Choosing the perfect phone system for your business is no small task …. Depending on the size of your company, the industry in which you work, and the specific needs your phone system will be required to meet, any number of solutions could get the job done. more