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There's a 19th-century English novel set in a small Welsh town in which every year for the past 500 years the people all gather in church on Christmas Eve and pray. Shortly before midnight, they light candle lanterns and, singing carols and hymns, they walk down a country path several miles to an old abandoned stone shack. There they set up a creche scene, complete with manger. And in simple piety, they kneel and pray. Their hymns warm the chilly December air. Everyone in town capable of walking is there.
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As a registered valuer entrepreneurs often ask’s us, what is the value of my Business ? There is no right answer to this question as valuation is a very subjective thing. I will value a flat near my office higher as compared to someone whose office is far from that flat or a person will value an apple more when he is hungry compared to a time when he is not hungry. So the question what is the value of my business remains unanswered. It will always be difficult to ascertain the value of...
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