Part One – Valuing Your Trade Business - What You Need to Understand
Series: How To Sell Your Trade Business
Guest: Brandon Jacob from Contractors Financial Opportunity
Twenty years ago, entrepreneurs believed they could not sell their businesses. Today, people are opting to sell their businesses, primarily if the company can be sold on fair market value.
Buying or selling a business has its processes. A company’s financial status is not the sole factor in valuing a business. Its’ goodwill or its intangible assets are also taken into consideration.
In this episode, Brandon shares his knowledge of the processes involved in selling a business, and also shares insights on how to increase your company’s value.
If you are interested in increasing the value of and selling your business, check out these episodes too:
About this podcast, ‘Valuing Your Trade Business - What You Need to Understand’
Podcast Highlights:
Brandon shared the three approaches to assessing a business. First is the market approach. The second approach is used to evaluate a stagnant industry, and the last strategy is the earnings a
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