What’s a glass of water worth to you right now?
What’s a glass of water worth if you are really thirsty?
In fact, wouldn’t you pay thousands for a glass of water if you were in the desert, dehydrated and wouldn’t get another chance to buy one anytime soon?
Like the water, your Accountancy/ Advisory business is never worth a multiple of profits, GRF or percentage of assets – it’s worth what someone will pay for it.
Yes it’s about finding a thirsty buyer, ideally a very thirsty one with plenty of brass.
But it’s also about finding a buyer who sees more value than anyone else when looking at your firm.
Why would one thirsty buyer see more value than another thirsty buyer?
A buyer sees more value when they see any combination of a client type match, a client service match, a cost saving match, a business plan match, an up-sell match or a cross-sell match.
The more value your buyer makes from the finished creation (the new entity) then the more money you deserve to make in helping him achieve it.
Never mind the water, mine’s a pint please- It is Friday!