One way to get into business is to buy an existing company. The value of the business used to determine a fair purchase price is based on

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The value of an existing business is based on what it owns (assets), what it earns (revenue), and what makes it unique (intangible assets like intellectual property, brand recognition, customer base, etc.). This is known as the business's "fair market value." Factors such as competition, the owner's retirement plans, and government contracts may also play a role in the purchase price but are not the main basis for determining the value of the business.

One Way to Get into Business Is to Buy an Existing