It is a fact that more and more people are exploring ways to purchase an existing business due to increasing financial challenges and jobs being “under thread” of retention, etc. Or perhaps just to realise a dream of “owning a business’s and being financially self reliant. Before any hard earned capital is spent in buying a business, it very important to have some understanding about the process of valuating a business. This will help all potential business owners to determine whether the asking price for a business is fair / reasonable?

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