Or as my father would say, “I would rather be approximately right as opposed to perfectly wrong.”

Never hesitate to ask, “Does this make sense?”

If the business valuation and resulting opinion do not make sense––keep looking and working with the complete story. Review all the assumptions and facts. Business valuation is an art. It is an iterative process that begins and ends with, “Does this make sense?”

Be able to answer yes at every point in the business valuation process and you will have mastered the Art of Business Valuation. The complex is simple and the simple is complex.