Myth 1: The value for my company can usually by multiplying the result will be determined by my industry. Dh. 3 times EBITDA
This is the most common myth. The result of the multiplier may be useful to a general overall value based on the industry to get, but it does not apply to all businesses in the same industry. For example, your local supermarket will not have the same income multiplier as the food chain Safeway. Other factors, the valuehow they affect suppliers or technological superiority will also affect the value of the company compared to its counterparts in the industry. In addition, sometimes outside of the 3rd Parties - such as the CRA, IRS, banks, courts, trustees and other parties do not accept - to determine the industry many times in value.
Myth 2: When I carried out an assessment of the value to remain constant from year-to-year period to the previous period.
Companies are not like the CanadianGovernment savings bonds, there is competition, changes in business environment, new suppliers coming into an industry when it profitable enough to choose some suppliers who sell to give to some competitors, except for certain product lines, while others join the market because they think they can make more money than some of its competitors.
Companies which by their nature are dynamic, static, and can easily change the face of these values from year to year.
Mythos 3: production and assessment practices, an absolute value.
The truth is, if you were 5 companies value estimators have the same activity, are all 5 come with a different value. That's because every analyst different methods, approaches, low rates, risk levels and other variables can be used to estimate the value. But if the evaluators and used sound valuation approaches, then you can take over the business > Feedback will be appropriate.
Myth No. 4: We can use our accountant or lawyer have an assessment.
While the pros seem like a good tool for assessing the value of your company, they can not be adequately equipped with the ability, qualifications or experience necessary to conduct the evaluation. Even if they have the correct credentials for the evaluation of your company, you may want to rethink, among them run the> Evaluation. The reason is, there is built an interest in conflict because they have an interest in your company will complete after the evaluation study, it is likely the value they derive is for your company biased either high or low for what you hope the outcome will be.
Myth 5: The financial statements of the company are good enough to determine value.
A member of the Financial Statementsthe basis for a business valuation, but there are many other factors that influence the value. Some of them include: competition, industry, business, organizational structure, management, its business, where along the business / product life cycle and many other factors can affect the value of a company.
So you can see that in the process of valuing a business, there are many factors that can determine the value.Do not use this company valuation myths proven methodologies and best practices in determining value. Taking the wrong approach to the assessment of your enterprise can cost you a lot of time, not used by prolonging the process of selling or financing or money to a 3rd party objective opinion, are to prevent the settling claims or funding over time and conditions is desirable.
These 5 myths basically outline why the long term the value that you maximizegoing to get for your business is best served by hiring the right professional corporate financial advisor. Prevention is better than a pound of cure.
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