Setting up a business in Australia is a dream come true for many. Unfortunately, some business owners are so preoccupied with living their dream that they forget to adopt a realistic point of view for their new ventures. TheAge.com.au writer Caroline James stresses that some of them even overestimate their business’ actual worth.
Assessing a company’s market value is not an easy task. Fortunately, business owners can look at it from a home inspector’s perspective, which means they have to take a look at their company from all angles, including the good and the bad. The bad refers to any risk that can compromise what they’ve started. It’s helpful to consider getting business interruption insurance to minimise the effects of those risks.