WHAT IS MY BUSINESS WORTH?
There are nearly 78 million baby boomers approaching retirement. And, an incredible number of businesses are currently owned by them. In fact, a recent PriceWaterhouseCoopers study indicated that 67.7% of all middle market business owners are baby boomers. While their retirement plans may have recently experienced serious blows due to the economy, this study stated that 83% of these businesses will be sold.
But at what price?
Business owners are getting older and want to know how selling their businesses will impact the quality of their retirement.
Even though a valuation is necessary for the business owner looking toward retirement, it is an important tool for success with many uses. The process is quite comprehensive and can provide answers to questions that any business owner needs.
Owners want to know...
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What have businesses like mine have sold for?
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How does my company financially compare with others in my industry?
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What’s the outlook for my business?
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What are some strategies I can implement that will increase the value of my business?
Business valuation is not an exact science. It's based on professional judgment, experience and relevant information about your company and the competitive environment. Even though many people may represent that they are qualified to do them, business valuations are best left to the professionals.
Specific training is required for professional certification to assure that practitioners have the knowledge and understanding necessary to perform competent services, and to assure a level of consistency and continuity in their work product. By working with a Certified Valuation Analyst (CVA), clients benefit knowing that they can have confidence that the service they receive is professional in quality, adheres to industry standards of practice, and meets a level of expertise that is credible and worthy of the professional designation provided by a CVA.
How can LB&A help?
Michael Moore and John Bly have 10 years cumulative experience performing business valuations as Certified Valuation Analysts (CVA). CVA is a professional designation awarded by the National Association of Certified Valuation Analysts (NACVA). NACVA trains and certifies CVAs to perform business valuations as a service to the consulting community, business owners and the court system.
Through education and experience, Michael and John have prove ability to provide capable and professionally executed business valuation services.
~ Michael Moore, CPA, CVA
Write to Michael Moore, CPA, CVA Click Here
or call 704-841-1120 x 104
