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I learned this the hard way 2 years ago while going through my divorce with my wife. We had both built up our web app development business over 8 years. Incom
by kinlane 16y ago
I learned this the hard way 2 years ago while going through my divorce with my wife. We had both built up our web app development business over 8 years. Income was 120-150K. But without "both" of us working the hours....it soon wasn't worth anything.
I was able to liquidate the clients for 5K.
This was due to poor planning, documentation of process and of course a divorce. (so communication was somewhat an issue).
You would really need to define the business...every nut and bolt...and module that drives it. Then the processes that go with it.
Then if you could quantify that to someone, and show how it makes money when operated correctly you might be able to get some money squeezed out of it for grad school.
The likelihood you will get lump sum is small...but more like you could get a residual with maybe a balloon.
Let me know if you need help packaging it up. I'm helping my current employer with this now....info@kinlane.com
- jaxn 16y agoI really hope you didn't get screwed in the divorce by taking the business. Valuing a small business in a divorce is tricky.