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Often business owners are very disappointed when someone does a valuation of their business.The business owners will say things like I haven't taken a paycheck

Often business owners are very disappointed when someone does a valuation of their business.The business owners will say things like "I haven't taken a paycheck in five years" and "I work seven days a week to keep this business running."Is the effort and time a business owner has put into the business in the past a relevant consideration when trying to value a business?When looking at a business, what are the most important factors in creating a business valuation?

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