How to Do More Than Just Break Even in Business
The EntreLeadership Podcast
00:00
How to Value a Small Business
If you were an absentee owner, in other words, if I bought the business and I hired you to run it and that other $60,000 person was gone, what would I be netting? And I live in Nashville and you're in Charlotte. So now how do we get, how do we structure that deal? Well, a lot of people do stupid stuff like run down at the bank and take out a second mortgage on their house with an SPA loan and get $400,000 in debt. No, don't do that. If that's the only way she'll take her money, you don't do this deal. You're just going to have to not do
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