How To Value A Business
I recently was looking at a business plan for a new venture that came across my desk. The two individuals involved are trying to raise money for a bar in South America that they will manage. It's one of those businesses that most people dream about - a foreign country with lots of sunshine, lots of friendly travellers, and evenings spent sipping beer on a patio. Sign me up!
As part of their business plan, they needed to come up with a value for what this new business would likely be worth once it was off the ground. The reason you need to have a value is that when you are trying to solicit investments ...