As retirement approaches, the significance of this knowledge becomes even more pronounced. Whether it’s selling the business through a business broker, passing it on to the next generation, or restructuring it for continued income post-retirement, having an accurate valuation is key. It’s not just about ensuring financial stability throughout the golden years; it’s about reaping the rewards of a lifetime of hard work and dedication to the business and maintaining financial health by strategically considering potential buyers and the overall sale process.
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