Business Valuation is a process and a set of procedures used to determine what a business is worth. Business value can be different for business owners and investors. Business valuation is the expected selling price of the Business, the actual value varying, depending on how the valuation is determined. There are 3 ways to determine the value of the Business: ·          Asset Approach ·          Market Approach ·          Income Approach Asset Approach: In this approach, Business valuation is done on the basis of Assets and Liabilities, based on the economic principle of substitution. The challenge in this approach is to decide which Assets and Liabilities to include in the valuation, choosing a standard of measuring the value and then determining the actual values. In determining the value using this method, a monetary value is given to the special products or services of the firm that make the firm unique and gives them an advantage over the competitors. The valuati