The income approach to valuing closely-held business interests is primarily based on an estimation of future earnings capacity. The first step in the process of calculating future earnings is to ...

Forbes contributors publish independent expert analyses and insights. Lien De Pau, founder of The Big Exit. Sell your biz for max value. For small business owners, profit matters a lot. It's more than ...

They say when you have a hammer, everything looks like a nail, but we often caution our clients against this kind of bias. For early-stage investments, these tools may not be the best as primary ...