Often in our practice we hear business owners talk about the “fair market value” of their business, or speak of obtaining a valuation of their business as a definitive answer. Business owners often have the perception that a valuation is absolute, objective, and definitive. It’s the final word, right? Far from it. We learned... View Article
Our guest blog post this week comes from Bob King, C.O.O Services, LLC What is your business worth? How much do you need to retire? Is there a gap between these two numbers? If so, how big is the gap? How do you close the gap? 1. VALUATION – a dose of Reality: For most... View Article
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