Name Your Number
As a business owner, we care about one number: the value of our business. If someone were to ask you to name your number for your business, what would your number be? Would it be something realistic?
This is an important question business owners need to ask themselves because it forces the owner to find where the value in their company resides. If they are solely responsible for the profit in their business, they need to shift to being an active investor rather than an employee in their own business.
I have created a crude tool to help business owners determine a rough value of their business. Use the Business Value Calculator to determine the value of your business.