Value of a Small Business
What is the value of a small business? Many feel it is the value reflected by its ability to provide the owner with a living income. In some cases that income replaces that of a job which has been lost. (this is commonly known as "buy a job").
But the value a small business is more than just that....consider the rise in self esteem that being the owner of a business gives an individual or family. The value of a small business gives a sense of pride, the value of a small business gives a sense of control and self determination of ones life and ones future.
And of course many small businesses produce a profit far in excess of a living wage. Therefore the value of a small business can grow over time as it starts to produce super profits and it can then produce large capital gains for the owner when the time comes to sell the business for a profit.
How do you measure the current market value of a small business? you engage Business Valuer Network.