Title: The Importance of Business Evaluation, Valuation, Succession Planning, and Selling Strategies for Entrepreneurs. The three methods utilized for business evaluation are the Income Approach, the Market Approach, and the Asset Approach. The Income Approach focuses

Write one to two paragraphs per question
List and briefly explain the three methods utilized for business evaluation.
List five reasons why business valuation is essential for every entrepreneur.
What are the three critical steps in developing a succession strategy in a family business?
List the steps for selling a business.