From the headquarters of Ramsey Solutions, this is the Entree Leadership Podcast, where I take calls from leaders like you about what it takes to win at any stage of business and leadership.

I'm Dave Ramsey, your host, with over 30 years of experience leading in the trenches right

alongside you. I did this crap today. If you have a question you want to ask on the show,

well, fill out the forum at entreleadership.com slash ask or give us a call and we'll call you back and get you on as a caller.

The number is 844-944-1070.

844-944-4-1070.

Renee is with us in Evansville, Indiana.

Hi, Renee.

Hey, Dave.

What's up?

My husband and I own an antique car parts business with six employees that did 1.2 last year. We've been in business 35 years and we've amassed a

huge inventory and we're 62 and 65 love what we do but we're exhausted from the treadmill my question

is can we expect to sell our business if our bottom line is usually close to only 2% well

there's three ways to place a valuation on a business.

Typically, small businesses are sold at a multiple of four or five times net profit.

That doesn't sound like that's a good plan for you.

The second way is what we call book value.

Book value is if you turn the key and close the door and

sold off all the stuff, what would all the stuff bring? How big is this inventory? What's it worth?

Well, we had it valued probably 10 years ago, not someone who was familiar necessarily with the industry

at 1.5. But we have six buildings and 12 Connix containers just jam packed full. Do you have a good accounting of it do you know what's

there or is it just a scrapyard no um 60% of our revenue is from these large parts buyouts that we have

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