Small-business owners are hurt by shoddy valuation

03/16/2012 | Washington Post, The

The average small-business owner is off by about 60% on the value of his or her company, valuation firm Spardata said. It's not enough to compare one company with others in its industry -- each business needs a detailed appraisal based on its financial condition, Spardata said. Getting it wrong can undermine an owner's retirement and estate planning and cause the person to accept too little when it comes time to sell.

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Washington Post, The