Why Business Valuation Shortcuts Don’t Work

Why Business Valuation Shortcuts Don’t Work

The Story Behind the Numbers . . . Dear Cathy, I have 100% ownership of a third-generation plastics manufacturing facility.  My 58th birthday is coming up and that has me really thinking about what comes next for the business after I retire…or I should say so that I...
Who Might Be a Buyer For My Business?

Who Might Be a Buyer For My Business?

Dear Cathy,   About 10 years ago I bought out two of my siblings/partners in an artisan cheese business in order to keep our family business within our family. I now have majority share with myself and one younger sibling left as owners in the business. I’d like to...
Transferability

Transferability

Dear Cathy, I’ve owned a plumbing business for 20 years. As I work with my financial planner on retirement planning, I need to gain a better understanding about the value of my business.  A little background: I am a licensed plumber and do not have any employees, but...
Why Business Valuations Are Needed

Why Business Valuations Are Needed

Dear Cathy, I am a 56-year-old owner of a 2nd generation manufacturing business.  I have read about people getting business valuations and I’m interested to understand why I should look at doing this? Sincerely, Jim Jim, Thank you for your question!  Some people are...