Determining Your Business’s Market Value
You’re ready to sell your business and use the proceeds to help finance your retirement or your next venture. There are a number of ways to determine the market value of your business.
You’re ready to sell your business and use the proceeds to help finance your retirement or your next venture. There are a number of ways to determine the market value of your business.
The difficulty is that good ideas can be few and far between, and it can be challenging at first to distinguish a good idea from a bad one. Moreover, it’s easy to accumulate sunk costs from pursuing a bad idea for too long. That’s why, when developing an idea as a startup or product team, we need to test, test and test some more.
It’s hard to build a startup. Around 90% fail, usually in the first five years. Even venture-backed startups never earn a return 75% of the time. This presents a dilemma: Do you risk your time and money building a startup from scratch or acquire one with a proven track record?