Business valuations are essential for a lot of reasons, including obtaining financing and valuing ownership shares. Valuing a business is especially important if an owner is considering a sale in the near future. If you are the owner of a closely held business and were thinking about a sale before COVID-19, you might need to rethink the timing of your exit strategy.
COVID-19 has significantly affected business valuations over the past two years. It is also likely to continue to affect business valuations for the foreseeable future.