A business evaluation is an analysis and review of the entire business as whole. It is conducted to determine the overall standing and operation of a business before it is sold by the owner to a potential intersted buyer. Its purpose is to make judgements about a program, to improve its effectiveness, or to inform programming decisions.
When evaluating an existing business for a potential purchase, completing due diligence is abdolutely critical. Here are the component to evaluate within a due diligence process.
Assets- understand the equipments, supplies and products that the business has and owns outright.
Financials, legal, employees, customer and product and service are some other components.
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