Your largest asset is not even listed on your balance sheet. Your largest asset is people especially in an environment today when unemployment is so low. Human resource management breaks down into three areas: hire, train, and retain quality people.
Understanding the valuation process can help you maximize the value of your business.
If you want to build a good, strong house, then you start with a good, strong foundation.
After you have changed your mindset from that of a seller to a buyer, the next step is to set your target in your exit plan.
When determining the value of your business, you need to change your mindset. Look at your business like a buyer would. What would a buyer like? Dislike?