Think I've just seen to many deals fall over from micro analysis rather than good faith bargining or where owner has unrealistic expectations of what their sweat and blood is really worth.
@lukenz?ÿ
Yes, small business owners often have an unrealistic view of what their company is worth. On the other hand, in depth analysis can show a seller what the business is really worth, particularly "peer sales" analysis.
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On still another hand*, I was shocked when my business was valued by an outside, professional, evaluator as a part of the divorce process. I was figuring equipment, cash and accounts receivable. Nope. Much bigger number than I anticipated. 🙁
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*this hand would be on another person. I don't have 3 hands - That would be weird.
I had to pay for an apprasial. The guy generated a mountain of paper work and a huge bill. The result stuck in my head for a few days as something very familar.?ÿFinally it dawned on me and I went to the books and checked. If you added the past three years gross, then divided by three it was almost to the penny. A two minute task.
The offers I've had over the years don't approach that number.
Thought about keeping the company and just selling Flyin' Solo Surveying NFTs ? ?ÿ ????
As crazy as it sounds, that can work.?ÿ Ajit Pai, who spent 2017-2021 as Chairman of the FCC, had some pictures taken and used NFT's to accumulate something like $50,000, maybe more.?ÿ He then gave all of that to his childhood schools, including the community college he attended before heading to Harvard to get his law degree.
