They are more than 200 million businesses in the world and 40 million business owners expecting to sell their business within the next 10 years while 78% of business owners expect to fund their retirement through the sale of their business. Unfortunately, 90% of business owners are either under-insured or have no life insurance predominantly because the process to determine their coverage needs is often expensive, time consuming, and complex thus resulting in only 2% of business owners having a business valuation. Cornbelt Financial has leveraged technology to reduce the cost, time, and complexity of business valuations so that business owners are capable of addressing their business succession plan.
A Business Valuation is necessary to assist with the following: Retirement & Succession Planning, Buy-Sell Agreements, Key Person Insurance, Mergers & Acquisitions, Sale of their Business, Financing, Partner Buyouts, Seeking Investments, and Divorce to name a few.