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I absolutely agree with you... Knowing how to value a business is a critical and important skill! And as you say, there's money in being able to do it. For example, let's say you value a business at $250,000... Yet the owner is willing to sell it for $50,000. There's a potential $200,000 profit in it for you right there... Why? The simplest way is you could buy it, and sell it for a higher price. Or another way is, you could buy it, and then get investors (who invest at a higher valuation than you did)... Of course, if you're planning to invest your own time and money into a business you're going to start yourself, it's important too... Gordon, I'd love to learn more! Best wishes, Dien
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Last edited by Dien Rice : July 12, 2019 at 04:14 AM. |
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