Determining the Fair Market Value of a Small Business

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

David Lizzabram shares tips on how to determine the fair market value of a small business, discussing different valuation methods and the option of consulting a professional business appraiser.

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it’s not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income119, and IGNITE!

July 2023 Income At-A-Glance

Gross Income for July: $138,973

Total Expenses for July: $15,953

Total Net Profit for July: $123,020

Difference b/t July and June: -$32,698

Percentage of net profit to overall gross revenue: 89 percent

Sponsor

HubSpot HubSpot’s integrated AI tech is helping teams of all types and sizes automate the more tedious parts of running a business. Learn more and get started today at HubSpot.com