Some may assume that it is simpler for small businesses to change their focus. While small to medium sized companies do have some advantages in flexibility over larger corporations, it can be extremely challenging for owners and managers to navigate major adjustments. Many people fear they will expose themselves to unknown risks or unintentionally decrease their revenue. At Burns Valuation, we provide professional business valuation, planning and analysis for local Atlanta, Georgia area clients. Our specialists enjoy helping our customers reach their goals, and we want you to enjoy the same great results. Here are just a few of the reasons why valuing a small business can offer incredible insight.
Understanding Your Weaknesses and Strengths
Every business, regardless of its size or industry, has both strengths and weaknesses. Turning a blind eye to necessary improvements can lead to unnecessary mistakes. On the other hand, so can ignoring the advantages that you have over competitors. Investing in a company valuation will help to further illuminate important deficiencies or opportunities that may otherwise go unnoticed. A small business evaluation can identify key factors surrounding overvalued assets, cash flow problems, equipment value and more.
Minimizing the Risks
In a world where volatility abounds, it can be intimidating to make major shifts in the business world. At the same time, failing to adapt to important changes in consumer trends, government regulations or economic downturns can lead to loss in revenue or relevancy. For instance, a decision as simple as changing locations may involve drastic shifts in local shopping habits and customer demographics. It can be difficult to know which factors have played a central role in past successes or difficulties, and how taking a new direction may alter expected outcomes. Knowing the details can help you reduce the risk and improve the overall results of the changes being implemented.
Small businesses naturally have an advantage over larger companies in terms of changing direction. Yet, it is essential that all parties with a vested interest in your future success has an in depth understanding of your business value before making final decisions. A professional valuation can help you take advantage of conditions in the marketplace, or pinpoint areas where your company can maximize growth. This added flexibility is important during this pivotal period of time.
Do You Need Help Valuing Your Small Business? Call Burns Valuation Today
Have you been planning to expand your company or sell off existing assets? Are you considering a merger or going through a divorce? Let the professionals at Burns Valuation help you properly assess your small business’s value, so you can make the best decisions for your future. Our team has over twenty years of experience helping local business owners achieve lasting results. Our valuation specialists proudly serve the wider North Atlanta, Georgia area including clients in Duluth, Sandy Springs, Canton, Milton and Alpharetta. Contact our office for more information about our wide variety of premium services, sell a business in Atlanta, or to schedule a free 30 minute consultation.