The value of any business, be it from the perception of a buyer or a seller, is dependent upon many issues, none of which are 'cast in stone'.
It follows therefore that once, at any point in time, having established a 'first pass' value for a business which is then subjected to either external or internal changes, that this value too, will change.
Notwithstanding that there will be, within any business/exit plan, goals, which focus on either personal or trading issues, these goals may not be the only influence on the value within a business. It is therefore imperative that the worth of a business is re-evaluated at least on an annual basis. It is only with this sort of knowledge, that the business owner can then make clear decisions which may be far reaching in respect of their personal goals.
