Ask what your business is worth and you might give a rough estimate based on profit and revenue. Well, that’s what your accountant, bank or investor would do as a starting point. Take other factors into account such as patent ownership, dependency of the business on you the owner and you should have a good idea of how much your business is worth, yes? Well, no.
This is only part of the calculation – the calculation a buyer or investor would make. But to you, your business is worth this and so much more besides. Your business is actually worth the life it can give you and the life you want to avoid. Continue reading →