Course conclusion
When it concerns SME valuation it is important to be aware that:
- The transparency created by the process of evaluation regularly leads to disappointment.
- The owners have to answer questions that often reveal weaknesses in their company or can be understood as a criticism of their business competence.
- In the case of family succession, the whole family often argues about the "true" value of the company.
- The fact that the determined company value does not have to correspond with the price, which one is ready to pay for the company, leads to further incomprehension among SME owners.
Main takeaways- When it comes to company valuation, each SME is a special case. Together they have only one thing: individual influencing factors have an over-proportional impact which is not the case with larger companies.
- Special attention and sound experience are needed when evaluating SMEs.
- There will be no single value but a range of values for different model assumptions.
- Course conclusion & main takeaways