Business Net Worth

My wife and I own our own small business (photography studio) and we are just about to start year 3. I was looking at our Mint dot com aggregate net worth and realized we have nothing about the business entered.

Do any of you calculate your business net worth? I figured it would be a sum of all the sellable assets PLUS annual profit of the business multiplied by 3, 4, or 5.

I'm curious about opinions or viewpoints regarding that concept.

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