The conversation between human and AI assistant.
How do I calculate the value of a trucking business if I'm selling it to some other person (assume hypothetical values for answering)?
What are some methods used to determine the value of a business?
There are a few common methods used to determine a business's value, such as the Market Approach, Income Approach, and Asset Approach. The Market Approach uses comparable sales data to determine the value, the Income Approach looks at the business's earning potential, and the Asset Approach calculates the value of the company's assets.