Exit planning is not usually the first thing entrepreneurs and business owners are thinking about. The daily demands of growing a business often take priority over long-term planning, but it’s the long-term planning that can transition current success into something that lasts a lifetime. 99% of business owners say that their transition strategy is important to their future and the future of their business yet less than 50% have an exit plan in place.
I’m a small business. Read More >>
In business, it is commonly known that “valuation is an art, not a science.” This essentially means that when creating a valuation analysis, it important to go beyond the numerical analysis and get to the story “behind the numbers”. This also refers to the “art” of valuation analysis, as there are a variety of important areas of judgment that will affect the ultimate conclusion. The business valuati Read More >>
David Long, CPA, CVA is a director at Corrigan Krause.
Going through a divorce can be financially draining if you do not have the right team supporting your financial decisions. Settling a divorce agreement requires more than an attorney, especially if your wealth is at stake. Consulting with a public accountant is critical in steering your financial decisions in the right direction. So how can a CPA assist clients going through a divorce?
Understanding current tax law issRead More >>
65% of business owners don’t. This alarming statistic was presented at the National Association of Certified Valuators and Analysts (NACVA) 2017 Annual Consultants’ Conference held in June in Chicago. Determining the value of a business can be done both formally and informally. Having a solid understanding of the value of your business through its life cycle, and the related business value drivers, is key to achieving your goals.
For those who watch Shark Tank, we see tim Read More >>
Mike Bigrigg, CPA/ABV recently gave a presentation on business valuations and succession planning. Here is what you need to know:
Two-thirds of businesses in the United States are owned by entrepreneurs over the age of 50. It is estimated that 10 million of those business owners will retire in the next 10 years. It is also estimated that 35% of those businesses will not sell due to poor succession planning. Only 1 in 4 closely held businesses have a formal success Read More >>
Mike Bigrigg, CPA/ABV explains the inner workings of a business valuation:
I was recently giving a presentation at a local continuing education conference when I received an interesting comment in front of an audience of 200-plus attendees. I had just finished a presentation on a few recent business valuation case studies and left the floor open for questions. One attendee raised his hand and basically told me that business valuation was voodoo and that va Read More >>
Mike Bigrigg, CPA/ABV lets you in on the important aspects of preparing for a business sale:
Selling a company can be a daunting task for a small business owner. With countless legal experts, consultants, bankers, and accountants from which to choose, a small business owner may be asking, “What services do I need and who should I hire?”
One very important and often overlooked step in the process of selling a small business is obtaining a valuation from a business Read More >>
Mike Bigrigg, CPA/ABV suggests a buy/sell agreement to keep your investment from failing:
When an entrepreneur begins a business venture, there are hundreds of tasks to undertake. Even after the business is up and running, the entrepreneur is often engulfed in the immediate needs of the Company:
- “How can I increase sales?”
- “At which demographic should I direct my marketing efforts?”
- “What is the best way to market and advertise?”
- “How can I make my product bet