Whether you're ready to sell your Colorado business or you just need to value it for your divorce, it's important to have the valuation done in a fair manner. You want to know how much your business is worth, the potential for future profits, and how much you should expect if you decide to sell.
There are a few different ways to value a business. The market-based approach looks at businesses that are similar to yours to try to define the average price your business would be worth. Not many people like this process because it may undervalue or overvalue the business. For instance, if you have a good business plan and higher income than other businesses in your genre, then you may get a valuation that is well under what your business is really worth.