An interesting way to begin the process of generating small business ideas is to think about what a kid could do to start a business. I like to think of ideas for my children, and I am amazed, once I begin to really cogitate on it, how many genuinely good ideas there are for businesses that even my young kids could do. [Read more…]
Selling your business involves looking at a few primary areas of your enterprise. These areas are the positive and negative aspects which will affect the value. Of course there are endless variations on different businesses, and even businesses within the same category and type will have variations. But for the purposes of preparation, here are the main ones to consider. [Read more…]
Because there are many types of businesses that exist for many different industries, it stands to reason there are numerous ways of approaching the process to find the value of a business for sale.
There are three main approaches to value, which are: the income approach, the market approach, and the asset approach. There are variations of these approaches, and combinations of them. These variations must be considered because each and every business will be valued individually, and some of these differences can be substantial. [Read more…]