A practical approach for entrepreneurs and investors Entrepreneurial Finance provides readers with the fundamental knowledge to finance, start, grow, and value new ventures, without the complex finance terms and calculations. This comprehensive yet practical approach incorporates a global perspective that appeals to entrepreneurs, investors, and students with diverse backgrounds, knowledge, and experience. From Facebook to Camera+, Gary Gibbons, Robert D. Hisrich, and Carlos M. DaSilva use real-world examples and their professional experiences to bring concepts to life. This text is one of the most readable books in the market without compromising high quality content and resources.

Valuation

Valuation

Learning Objectives

  • To know the nuances of the concept of “value”
  • To understand the valuation process
  • To be able to do a valuation

Case: Franks Brothers LLC

Robert Franks was worried. Since his brother Bill died, Robert's whole life had been turned upside down. He had lost his brother and trusted business partner, and now there were problems with Bill's widow, Marta.

The business had been doing fine, but now Marta was faced with a potentially high and almost impossible-to-pay estate tax assessment. Because of this potential tax bill and her desire to get as much money as possible, Marta was demanding that Robert buy her out of the business. And she was asking a very high price, a much higher price than Robert had money to pay.

Seventeen ...

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