Chapter 12. What's it to you? Calculating value

You can do very well out of running a business. Whether you pay yourself a salary, dividends or a mixture of the two, a healthy and profitable business provides a good income. But in most cases the income generated by a business won't make you rich. The serious money is released when the time comes to sell up.

And the chances are there will come a time when you want to sell all or part of the business. It may be simply that you feel the time is right to cash in and reap the rewards of all your hard work. The promise of a yacht and a world trip can be a powerful motivator. That said, not everyone looks forward to a life of leisure. For the so-called serial entrepreneur, the sale of one business is ...

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