The Magic That Creates Business Value

Depending upon one’s perspective, value can take on many different meanings. Banks, IRS, Wall Street, valuation specialists, business owners, vendors, strategic relationships (franchisor/manufacturer) all view value differently. And depending upon one’s reasoning for determining value, one’s approach/view could change such as – buying, selling, transferring stock, etc Champ Rawls a Partner of The Rawls Group and Gina Miller who is a Partner with Bennett Thrasher in their Dispute, Valuation, and Forensics department discuss what creates Business VALUE. Tune in and learn the magic behind building business value. Value is not just determined by gross revenue and profits, leadership bench strength, relationship with strategic vendors and community perception also impact value.   Topics discussed: How do you increase business value? How do you determine business value? Do business owners understand their retirement needs? Do you think business owners generally know the value of their business? When should owners start planning for transition? What are the first steps to begin to transition the business? What cash flow considerations should business owners evaluate when deciding to sell vs. grow? For more resources on building a strong business and succession planning, visit www.seekingsuccession.com. And leverage our Succession Readiness Survey. A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook impacting business value, growth, lifestyle, and ultimately achieving your vision.