For Those of Us Who Specialize in Fuzzy Thinking One of the key concepts in business valuation is the somewhat vague notion that “value is the present worth of future benefits.” Another key concept is that the value of a business is “the price at which the property would change hands between a willing buyer and a willing seller.” So here we have two nice vague, fuzzy concepts upon which to build an entire profession. For those of us who specialize in fuzzy thinking, it’s perfect. Tell Me About Your Future Benefits Note that the “future benefits” idea doesn’t actually say anything about money. The benefits couldRead More →