When you’re in the middle of all the day-to-day activities needed to keep a business operating, it can be hard to see the big picture. That’s why it can be useful every now and then to take some time out and consider the value of your business. It’s a good way to measure your progress. It’s also a handy way to assess which parts of your operation are adding value, and which parts you may need to take a closer look at.
Valuing your business is part art and part science. In this article we’ll take a look at factors you should take into account (both tangible and intangible), and the most common valuation methods.