Episode Notes

How do you value an intangible asset? Like, first of all, let's make sure that we're clear what an intangible asset is, right? It's something that you really can't touch. It's like a patent or a trademark or your business's intellectual property or licenses or copyrights or customer lists or there can even be intangible assets related to your brand name or where you're located, or even the value of your employees in your business. I mean, when people buy a business, they look at the tangible assets and then they have to make a judgment about the intangible ones. So I gave you examples of all the intangible ones. You know what the tangible ones are like the cash is tangible. I mean, it is what it is, right? Accounts receivable, you know how to value that. I mean, somebody owes you a hundred dollars, it's worth a hundred dollars, right? Even like fixed assets and property. I mean, those are tangible. You can knock on 'em and get a valuation on your property.

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