Posted on Leave a comment

Why entrepreneurs should give back

What is the social responsibility of an entrepreneur for public service? Outside of the holiday season, we don’t often consider how entrepreneurs can contribute to social good efforts. There needs to be a focused attention on entrepreneurs to find a way to give back and contribute to the health of the communities in which they operate.

How can an entrepreneur get started? Begin with your passion and proceed accordingly. The passion and expertise that entrepreneurs bring to their businesses can be translated into everything they do, especially service, which allows them to contribute in meaningful ways while still having fun.

Tarun Jolly, M.D.

 

Posted on Leave a comment

How to value a small business

How much does a seller want? How much has a seller invested in their business? How much does a seller need to put their daughter through college? These are all incorrect ways to value a business that sellers often use to calculate price.

The best way to value a business is to determine how much it will make for a future owner, then multiply that by a “multiple” of what similar businesses have sold for.

The good news is that the True Owner’s Benefit is more than what’s on the tax return, and comparables for similar businesses are readily available.

Neal Isaac, VR Business Brokers