Appraisal anxiety – Why business owners should value valuations

Description

Abstract: Appraisals can inspire anxiety for many business owners. After all, valuations cost time and money. Nonetheless, there are some legitimate reasons to obtain an appraisal regularly or, at the very least, to familiarize oneself with the process so as to be ready when the time comes. This article discusses three basic “pillars” of the appraisal process and explains how a valuation can provide an unbiased, up-to-date perspective on a business. A sidebar looks at when a simple “calculation” may or may not be preferable to having a full valuation.