In this video, Entrepreneur Network partner Jason Swenk answers the question, “What would my digital agency be worth if I sold it today?”
The agency is worth whatever someone is willing to give you and whatever you’re willing to take, Swenk initially answers. Diving deeper into the financials, Swenk advises examining your company’s three-year track record to make sure profits and revenue have been growing year-over-year. A potential acquirer will want to see your numbers going up — otherwise, what’s the point of buying?
Swenk’s final word of advice? If you’re doing it just for the money, then you shouldn’t be selling!
Click play to find out how you can get the most out of selling your digital agency.
Watch more videos from Jason Swenk on his YouTube channel here.
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