Business valuations are in important tool for owners and top managers of privately-held companies. For example, they're highly prudent to gain an accurate financial assessment, like during a partner buyout, or when dividing assets in the event of a divorce. However, valuations are often misunderstood, unnecessary or can actually be counterproductive to an overall business strategy. Exit strategist Patrick Ungashick shares the correct circumstances for a business valuation, and when one may be counterproductive to the end goal.
