There are three generally accepted Approaches to value which can be used to value almost any asset: businesses, real estate, vehicles, personal property, etc. The three most common Approaches are: The Asset Approach, The Income Approach; and The Market Approach. The Asset Approach is based on the principle of substitution meaning if you were to [...]
Tags: Buying a Business · Selling a Business
One of the biggest misconceptions I see with business sellers is that engaging multiple brokers on a nonexclusive basis will increase the likelihood of completing a sale for their business. The theory is that by hiring multiple intermediaries, the business for sale will touch a greater audience, therefore increasing the likelihood of sale. Although this [...]
Tags: Selling a Business