Some difficulties in valuing small businesses (Part 2 of 2)

Oct 02, 2014 | Industry News
This article is a continuation from yesterday’s posting which described some of the challenges in valuing small businesses. Considerations We could list a big variety of things to consider when valuing a small business, such as: Reputation of the business Purpose of valuation Location However, there are other considerations that are the most important to keep in mind when valuing small businesses: Assets & Liabilities When... Continue Reading →

Some difficulties in valuing small business (Part 1 of 2)

Oct 01, 2014 | Industry News
The main difficulty in valuing small business is the record keeping of the small business owner.  Since he or she is the proverbial “chief cook and bottle washer,” keeping the financial records is down at the bottom of the list in running the business.  In many cases, the owner keeps the business checkbook, bills and receipts and then dumps them all on an accountant’s or bookkeeper’s desk periodically.  From these “records,”... Continue Reading →