Imagine spending a lifetime building something valuable, then, when it comes time to depart, finding out that what you spent all that time building isn’t worth enough to support the lifestyle you expected.
That’s exactly what happens to many business owners who have much of their wealth tied up in their businesses, but don’t have a good idea of what that business is worth in the marketplace.
“They overvalue the business, or they undervalue the business,” says Chris Vanderzyden, who helps…