Of course you know that there is going to be the day when you transition out of your business. Other than closing the business, you may sell the business to a family member, an employee, create an employee stock ownership plan, or sell to a third party.

With any of these options one of the biggest questions is determining the value of the business. Ah, that is the big challenge. And, that is what Kurt Tobin does for a living. As our guest on Small Business Conversations, Kurt talks about the three methods for determining the price. We discussed the place in the transaction the real estate agent should have.

This is a program you will likely want to bookmark in your favorite podcasts because someday it is going to be applicable to you and your business.