Selling your business is a significant life event. The proceeds are often used to fund a comfortable retirement, or as capital for the next phase of your business or career.
Whilst you may not have considered selling your business in any detail at this point. You may know the approximate timing you want to exit. Quite likely, you have a figure in mind to fund the future you have planned.
But things may not turn out as you hope. In our experience, the target sale figure is often based on the amount business owners feel they need. It may not be a realistic valuation based on trading, assets and projected cash flow.