financial advice

How to Value a Niche Business

How to Value a Niche Business

Valuing a publicly traded company is easy; you simply multiply the company’s stock price by the number of shares outstanding. Unfortunately, determining the value of a privately owned business isn’t always so transparent. And if you operate a niche business, the valuation process can be even more complex.

Fact-Checking Financial Advice: 4 Steps For Separating Fact From Fiction

Fact-Checking Financial Advice

In my last few blog posts, I’ve focused on the importance of developing a healthy sense of awareness and skepticism when it comes to the forces that influence our financial decisions—mainly, the media and our emotions. Still, making good decisions also requires the right mix of education and advice. So, how do you know which …

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The Seven Step Exit Planning Process

Seven Step Exit Planning Process

There is a “recipe” for creating a successful intergenerational transfer. It isn’t the only recipe that works, but because it depends on six carefully chosen ingredients, its chances for successful completion are greater than others. If any of the following six ingredients is compromised, or worse still, missing, the result will change. Ingredient 1: Parents must …

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Identifying “The Gap”

value gap

Business owners have a lot of information at their fingertips. There are calculators and assessments available for just about every aspect of your business and personal situation. As a result, many business owners think they have an accurate idea about the value of their business. They may even think they have an idea of where …

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Getting the Results You Want

Business Exit Planning

As you consider your business exit, you may find that approaching it alone is prohibitively challenging. You may also find that some of the advisors with whom you’ve worked don’t have all of the skills, tools, and strategies necessary to help you exit on your terms. While planning for your future is the key, you know that results are …

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How to Be Sure You Are Leaving Your Business in Good Hands

Business Buyer

Most business owners are considering several options for the future of the ownership of their businesses. If you’re keeping your options open, that is typical. But business owners who end up selling their businesses to an outside, unrelated buyer often report that they wish they had known more about what the sale process would be …

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