One of the toughest questions we face as small business owners is whether or not we are building a business worth buying. It is a fundamental question because, whether we know it or not, we are always selling our business. Our awareness of this question is a key element in our success or failure. Because, … Continue reading Are you Building a Business Worth Buying?
Business brokers and other professional intermediaries use business valuation rules of thumb to help sellers price their businesses for sale. These "rules" are very useful for appraising nearly every small business, however they are gross simplifications and should only provide a general idea of a suitable price range for a particular business.