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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Daymond John Tells Me How To Swim In The Shark Tank

As featured On Miller Lite Tap The Future, enjoy this article and more with Miller Lite: http://bit.ly/1fCnjV6  Even though I run a financial services company full time and help individuals and business owners as a Private CFO® reach their goals, from time to time I get the privilege of having a press pass to speak with some of the brightest business minds in the world.   My press pass took me last week to a well known club in Midtown Atlanta to go face to face with business leaders in the Atlanta community and front and center with Shark Tank’s own Daymond John. On Tuesday, October 22nd, five teams of entrepreneurs pitched their heart out at the Miller Lite Tap the Future Live Pitch Event, but only one team was selected as the potential winner from the Southeast. Miami-based Elebev impressed Daymond John from ABC’s “Shark Tank” with their product Sfiro, transparent ice spheres that make beverages safer and more enjoyable.  Before the event, I ...

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