This is an email from Value Stock Guide.
How to Value a Small Business
Many of you know that I have been an entrepreneur for a long time — Investing is just one manifestation of it. Many years ago when I was actively buying, selling and running small businesses, I had the opportunity to see how this private market works. The valuation process is interesting, and while it mirrors the valuation process in the stock market, it tends to be much more conservative.
I put down some of my thoughts on this process here. Please take a read.