A woman looking to retire said to author and valuation expert Tim McDaniel, "I need to sell my business for $2.5 million to support my country club lifestyle." The reality was that her business was worth $750,000. How could she have been so wrong? As McDaniel--a veteran of over 2,000 valuation engagements and dozens of M&A deals--knows all too well, most owners work in their businesses and not on their businesses. He has seen the look of surprise...
Related SubjectsBusiness Business & Investing Economics