What’s My Business Worth?

People start a business for all kinds of different reasons.  Some people start a business because they are fulfilling a lifelong passion to create a new product or service.   Others see a new business as a getaway from the grit and grind of corporate America to become their own boss.   There is also a group of people that look at a business as an engine to create cash flow, create a family legacy, and build substantial wealth.   Whatever reason tickles your fancy to start a business, at some juncture if the business has some success most owners ponder the question about what is the value of their business if they were to sell it to another individual.  Here are some smart money moves guidelines in thinking about how to value your business. Like any piece of real estate including your home, the valuation of a business in my opinion is part objective and part subjective.  At the end of the ...

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