Business Valuation and Exit Planning with Greg Waller, the Blue Collar Scholar

From Painting Bridges to PhD: Greg Waller's Journey as the Blue Collar Scholar of Business ValuationGreg Waller, Managing Partner of Cornerstone Valuation and Windward Advisors, shares his unlikely path from painting structural steel bridges and going bankrupt at 26 to earning a PhD from Purdue and becoming a trusted advisor for middle market business owners navigating valuations, exit planning, and M&A transactions.Key Insights You'll Learn:Dropped out of college to run a structural steel painting company before a mentor on a job site sent him back to schoolA bankruptcy at 26 from overspray damage and a called line of credit became the catalyst for his MBA and eventually his PhDBlue collar roots plus academic rigor create a rare perspective for valuing and selling companies other advisors missBusiness value equals benefit divided by risk, and reducing concentration risk in customers, vendors, and key employees raises valueThree years of clean financial data is the minimum baseline before taking any company to marketCash basis financial statements often need to be restated on accrual before a professional buyer will engage seriously1099 employee classification and E-Verify compliance are emerging deal risks that professional buyers scrutinize closelyTaking a company to market without a price and running a structured auction process consistently produces better outcomesAI may handle rote report writing, but qualitative judgment in valuation still requires trained human eyesInformed sellers are rare and most business owners are outmatched by well-resourced professional buyers who do this every dayGreg's Key Mentors:Old-timer on the bridge scaffold: Told a young Greg to go back to school, the moment that changed his entire trajectoryOhio University faculty: Encouraged him to pursue academics and a doctoral program when he had no such plansBill Duellen, Purdue Executive Education: Gave him room to run real estate deals while finishing his PhDJim Edge, Cornerstone Founder: Gracious in transitioning the practice and served as an unexpected mentor in Greg's adult careerEntrepreneurs Organization: Ongoing community providing peer education on business development and personal growthDon't miss this conversation about what business owners don't know that professional buyers already do, why bankruptcy can be a tool rather than a failure, and what it means to bring academic rigor to a blue collar worldview.Connect with Greg Waller:Website: middlemarketvalue.comLinkedIn: Greg WallerCompany: Cornerstone Valuation / Windward Advisors