Sep 24, 2020
In episode 297 of Financially Simple, Justin goes over the basics of calculating the Return on Investment of your Business.
As we continue to look at ways of narrowing the Wealth Gap, it’s important to consider the Return on Investment that our Business provides and how it impacts the value of the Business. In this episode, Justin looks at ROI, why it’s important to know, ways to calculate it, and the intangible aspects of a business’s value.
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01:33 - Calculating the ROI of Your Business
02:33 - The Basics of ROI
04:52 - The Simplest Method
06:18 - Case Example
10:31 - Intangible Qualities
13:47 - Goodwill
14:50 - Valuing Goodwill
17:30 - Another Approach
19:43 - Why Do All This?
23:57 - Summary
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Jim Strauder, How to Value Goodwill When Selling a Business
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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