1. A sale to a family member.
2. A sale to your managers.
3. A sale to an outside buyer who is a financial buyer.
4. A sale to an outside buyer who is a strategic buyer.
5. The liquidation value of your business.
Knowing what these five valuations could be would provide you with useful information as you start thinking about leaving your business.
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Written by Josh Patrick
Mr. Patrick contributes to the New York Times You're the Boss blog and writes about creating value. He has also written for Inc.com, Open Forum and various trade publications. His passion in life is helping private business owners create extraordinary value with their businesses and lives. Full Bio