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Fair Market Value: Unlocking the Objective Worth of Your Business


Ever wondered what that magic number is? The one nestled beneath the spreadsheets and customer smiles, representing the true worth of your blood, sweat, and entrepreneurial tears? In legal, tax and accounting terms, that's your business's Fair Market Value (FMV).


FMV isn't just a fancy term for bragging rights; it's the Rosetta Stone that unlocks the hidden treasure of your company. It's the objective answer to the question: "If I sold my business today, what would a willing buyer pay a willing seller?"



But why should you, the ever-busy business owner, care about this elusive FMV number?


Here are some reasons for learning your FMV that you should think about:


1. Be Prepared and Sell Smart:

You've put your heart and soul into building your business, so you obviously wouldn't want to sell it for less than it's worth! A Hardstone FMV report provides you with a professional assessment of how your business compares to others like yours in your industry. A valuation gives you a special knowledge about your business, leads to more fair offers and assures you that you're presenting your business in a professional manner.


2. Attract the Right Kind of Buyers:

A credible valuation adds legitimacy and professionalism to your business presentation, filtering out tire kickers and attracting qualified suitors who appreciate that you've done the work to know your true fair market value.


3. Negotiate Like a Boss:

Eliminate emotional rollercoaster rides fueled by guesswork! With a data driven FMV in your back pocket, you can confidently navigate negotiations, counter offers with facts, and help secure the best possible deal for your business.


4. Map Your Future Growth:

A FMV isn't just for planning your exit strategy; it's a roadmap for growth. Knowing your current market value sets a benchmark, allowing you to track progress, establish priorities, measure success, and make informed decisions about expansion, mergers, or strategic plans. Loan collateral, tax assessments, insurance policies and charitable giving all require an FMV assessment.


5. Plan, Prepare and Perform:

Preparing your business for a potential sale, whether now or in the future, takes planning, preparation and performance. Having a reliable FMV assessment begins that process. Our cloud-based, self-directed, BizEquity® valuation portal gives a business-owner an instant, accurate and affordable FMV assessment of your business. We also provide NACVA Certified Valuation Reports for more indepth for corporate or marital litigation, estate planning or the IRS.



Your business is more than just bricks, mortar, and spreadsheets; it's a culmination of your passion, expertise, and hard work. Don't settle for guesswork when it comes to its worth. Invest in a Hardstone FMV assessment to learn what your hard work is worth to a willing buyer.


Make the decision today to learn the true Fair Market Value of your business.


 If you don't know where you stand, you won't know where you are™





 

- Tom McKiernan 

President and CEO of Hardstone Capital


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