3. Figure out How Much Your Company Is Worth
You may have a rough idea of how much your tech company may be worth, but you don’t want to leave anything to chance with a transaction this important. The price for your tech business shouldn’t be too low or too high. You can use different methods to value your business and consider various factors, such as your company’s:
- Assets minus your liabilities
- Income or projected revenue
- Income-earning potential
- Customer base and market reach
You may also want to take the market-based approach by reviewing the sale price of similarly sized businesses to determine your company’s potential value. Synergy Business Brokers can provide you with a realistic estimate of what you can expect to get for it. This will put you in a much stronger position to negotiate.