Our guest blog post this week comes from Mark Mitchel, Director of Valuation Services, Clothier & Head, PS. A business valuation is an analytical exercise to determine the value of a business (or its individual assets), giving consideration to all of the factors that influence the operating performance of the business. Key valuation concepts... View Article
In our discussions with business owners around exit planning and succession planning, one key area seems to consistently trip them up. That is “valuation.” We all generally understand that a company has some value, but how to determine that value can be tough to comprehend. A lot of the confusion comes from the emotional value... View Article
Our guest blog post this week comes from Dave Shapiro, CEO of Excell Puget Sound. Yesterday, I sat down with a business owner who is working way too hard (his experience) and who saw no way out. His own conclusion, after a number of questions from me, was that he needed about five more of... View Article
When talking with business owners about exit planning, most of the big questions revolve around the buyer and the price. These are the most obvious components but, as they say, the devil is in the details and the details often come out in the deal documents. In this post, I’ll share a bit about the... View Article
Our guest blog post this week comes from Admand Wong of Integrity Financial Corporation. Admand will be a presenter at our upcoming Succession Planning Workshop on Sept. 28. ——————– Are you working in your business or are you working on your business? I can assure you this is not an article about grammar or vocabulary... View Article
The term “succession planning” most commonly describes a company’s planning for its future. The issues typically discussed revolve around who will take over the company’s ownership and management upon the retirement of the current owners or partners. These are critical planning elements for any company but succession planning must also address the unexpected events that... View Article
Our guest blog post comes from Dennis Purvine of CFO Selections. Dennis is a CPA and CFO and has worked with companies in all stages of development. ——————————— Intellectual Property (I.P.) can be protected by patent, copyright, trademark, etc. Companies that create, or purchase, intellectual property presumably create value for their business. (More on this... View Article
Our Guest Blogger this week is Kris Gray of Integrity Financial Group based in Bellevue, WA. IFC works with individuals and business owners to help them plan their investment and retirement strategies. ———————————– With the holidays approaching and the New Year around the corner, now is an ideal time to consider making necessary changes to... View Article
Our colleauges at Berntson Porter & Company have collaborated to provide some end-of-year tax planning tips. Thank you to Jennifer Raybon, David Berthon, and Darcy Kookier for sharing their knowledge! ——————- In order to achieve financial goals, comprehensive tax and financial statement planning is not just a good idea, it is a cornerstone of fiscal... View Article