Valuing a business is “part art, part science”
Gary Miller, MD of SDR Ventures Inc., argues that valuation is a bit of an art and a bit science.
Many sellers of privately owned businesses overvalue their companies. This mistake is a major reason why businesses fail to sell. However, there are solid techniques and procedures that can be used to help both buyers and sellers calculate an appropriate value for any particular business. Above all, buyers and sellers should realize that valuation is art and science, which is one reason a seller’s valuation is often quite different from a buyer’s. … Executive’s Desk: Valuing a business for sale is part art, part science – Albuquerque Journal
Related: Our founder says written previously to say he believes business valuation is neither art nor science but Creative Writing: Business Valuation is Creative Writing