Valuations 1992: What's Your Business Worth?
According to a recent survey by Coopers & Lybrand, most fast-growing companies don't bother to get or maintain current valuations. That can be a costly mistake, since owners need to know exactly what their businesses are worth when they're considering selling out -- or relying on insurance policies to protect themselves against future estate-tax liabilities.
Does your company have a formal, current valuation?
|All companies||Companies that have considered or are considering sale|
|No formal valuation||47||38|
Source: Coopers & Lybrand's Trendsetter Barometer, a survey of more than 200 growing companies with average revenues of $6.4 million, 1992.