Business Owner’s May Think They Know the Value of Their Company, But Statistics Say Differently!

Business Owner’s May Think They Know the Value of Their Company, But Statistics Say Differently! Over the years, I have heard the expression, “business owner knows their business better than anyone”.  That might be true in some respects, however, when it comes to knowing the accurate value of their company, statistics would disagree.    In many cases, owners use “a rule of thumb”,  valuation method, advocated by industries, associations, or organizations.  “Rules of thumb”,  are not necessarily accurate as each business has its own set of metrics, method of management,  statistics, and other value drivers that come into play when a company is appraised.  Statistically,  90% of the buy and sell agreements have flaws, along with a flawed valuation, causing business owners to sell their businesses for less than the maximum potential  business value.   In this podcast  we have two of the best  with a long history of specializing in the area of valuations and buy and sell agreements.   With us is Paul Hood and Ed Pratesi   two of the best in the industry share their vast experience in working with companies both on the valuation side  of the business and the construction of a solid Buy and Sell Agreement, avoiding disagreements and  litigation.  L. Paul Hood, Jr. JD, LL.M- Author. Speaker. Advisorhttps://paulhoodservices.com/about/504 452 7574And Ed Pratesi, CPA, ASA, CVA Managing Director860 558 0453https://value-transitions.com/​Email: [email protected]