What determines the value of something

Valuation is something that we do on a daily basis.

For example, you set an expected salary by thinking how much your work is worth and how much your employer will pay you by thinking how much your work is worth.

In another simple example, I have added a contemporary menu at www.vivreactivewear.com by exploring all the functions and tutorials by myself. 

The new mega menu with attractive headlines.

A quick way to information of your outlets without clicking in.

Organizing the online shop with a main menu, thus, freeing up the usual side bar and make your product more beautiful.

By sprucing up the website with the latest trend, making information more readily available and guiding your customers through certain information that they ought to know, I hope this will improve traffic and sales to the online and retail stores.

cost of plugin: free (provided by theme)

teaching sylvia how to add image to her new blog post: $50/hour

coming up with the new mega menu: priceless (or maybe $800 to an IT designer)

It's the same thing when you are valuing a business. I'm not sure how analysts do it, but they have to come up with something. They may look at past performances by looking at P&L, looking at current tangible and intangible assets and forecasting a future trend. As a small start up, it is hard to make a decision to pay people to valuate your business. How would you do it?

And even if analysts think it's only worth $x, they may have a big assumption (I'm assuming) that the costs to grow to current level is easy. And will they be incorporating the value of the people too? 

Thinking back on the money thrown into the rivers. There's the designer and IT fees to IT designers where the function may not work according to what I want. There's the inferior end product of apparels that I will not even buy with $2. There's the endless exploration of how to make things good in all way. The aesthetics and functionality of a website, classy marketing, branding, coming up with good products selling at a good price. The cost of starting a new brand, the people to hire, the step to incubate your first outlet at Far East Plaza, exploring a second outlet (though at Jcube), having the first big break to a proper mall at Bugis Junction and the opportunity to enter Wisma Atria Basement 1. Imagine a new brand, even if you have a million dollar funding, is it possible to enter Wisma Atria at 1 shot?

Now, let's us think of the value of our life and possessions. Is it better to invest in personal well being, family, friends, business or career? How would you value each "department"? What will you do?

Give this a read for more insight.

http://www.huffingtonpost.com/chris-guillebeau/the-4-burners-theory-choo_b_652881.html