Buying a business and wondering whether you need a formal valuation?In this episode, we break down when a business valuation is absolutely necessary — and when it may not be.We cover:• Situations where valuations are required (SBA lending, partnership dissolutions, employee buyouts, divorce)• When sellers or buyers choose to skip a formal valuation• The difference between a Chartered Business Valuator and a broker’s opinion of value• Why valuation inputs at the lower end of the market can be misleading• Why smart buyers always perform their own independent evaluationValuations can provide credibility with lenders and investors, but not all valuations are created equal.If you're buying a business, you need to understand what you're actually paying for and how much weight to give it.📌 Subscribe for weekly insights on buying, diligence, and deal execution___________________________________________________________________________The 7-Minute Takeover is powered by Village Wellth, the deal management platform where serious buyers go to find, evaluate, and close their next deal.Buying a business requires a village and we are that village. Start browsing listings for free today: https://www.villagewellth.com/