Understanding the value of your business is critical especially when you’re planning for the next phase — be it to merge, sell, raise capital, or even simply to convert the organization from C-Corp status to S-Corp status for tax purposes. Naturally, we pay most attention to the first two.
We are living in a world of Have’s and Have Not’s. No – I’m not talking about what is going on with the middle class or the 1% or anything of the sort. I’m talking about this new world that we as business owners (or your clients, if you are an advisor) find ourselves in. […]
Over the course of thousands of client interactions one statistic stands out above all others: entrepreneurs drastically overestimate the value of their company. It’s not surprising, of course.
Paul had recently received a call from a long time friendly competitor inquiring about buying his company. The two had occasionally had such conversations over the years, most of which Paul dismissed out of hand.
