Can a thriving business be classed as a financial asset?

[Kross]

When it comes to financial assets, people always tend to talk more about real estate and the likes.

For someone that owns a business that is doing quite well, can the business be classed as a financial asset?

 

[Trush Jodie]

Can a monetary worth be attached to a business? Yes. And it can be transferred to someone else. It is surely a financial asset.

 

[Starmix]

A business could be your financial asset, that is if your business is stable and running profitably.

 

[Augusta]

A business could be your financial asset, that is if your business is stable and running profitably.

You got that mate, if a business is stable and running profitably. it can be classified as a business assets and you can transfer it to another person

 

[King Belieal]

A bank can take your business as a collateral if it is a viable one. That means the business is an asset.

 

[Stardom22]

I think so. Because it has got all what it takes to be called the financial asset. So long as a program is in the position to bring in some income every time it qualifies to be an asset according to me.

 

[Fidelia]

An asset is anything that can bring money into your life. When you have a stable business that can bring income to your life, it is an asset.

 

[Xtynehappy]

Of course yes. A thriving businesses is a very great asset so to speak. One can leverage through that for a life time if it's well handled.

 

[Nomad]

Business is of course your asset, provided it is making money for you.

 

[magnus2022]

Yes! It is an asset. Once the business is thriving and booming, it is an asset. Remember, the major characteristics of an asset is the it must have a value that is appreciating. Anything you have that have a value that appreciates overtime can be classified as an asset.

 

[Starmix]

You got that mate, if a business is stable and running profitably. it can be classified as a business assets and you can transfer it to another person

That is correct, mate. Your business can only be trusted when you want to retire to your immediate family members or your children, not to a husband, lol.

 

[Augusta]

That is correct, mate. Your business can only be trusted when you want to retire to your immediate family members or your children, not to a husband, lol.

Lol at not to a husband so that he doesn't sell it to marry another wife. Yes, it is safer with your children better

 

[Starmix]

Lol at not to a husband so that he doesn't sell it to marry another wife. Yes, it is safer with your children better

It is better that way to let the children inherit or manage the business during retirement, not the husband. He might plan to covet many mistresses.

 

[Augusta]

It is better that way to let the children inherit or manage the business during retirement, not the husband. He might plan to covet many mistresses.

Hehe that right some men are not worth leaving your assets with. They would not mind squardering it on women

 

[Starmix]

Hehe that right some men are not worth leaving your assets with. They would not mind squardering it on women

That surely happens lol, not in reality it is a big war if the husband is not the trustee,unless there's extra judicial partition.

 

[Springtime]

I think a business which is stable and making profit can be considered as an asset. It can be used as a collateral.

 

[King Belieal]

If the business is long standing, and is highly profitable, with a good brand, it is a very good asset that can be used as financial security.

 

[Xtynehappy]

Of course yes.In simple words, l consider that asset is something that brings in money to the pocket.