Understanding how to value your company with Laura Churchill, Senior Manager at Grant Thornton.

Scotiabank Women Initiative released a report in March of 2020, noting that understanding the financial worth (value) of businesses was at the top of the list for women business owners.  Co-founder of The Finance Cafe and CFO on the Go, Shauna Frederick, hosts this weeks chat with CPA, Laura Churchill, Senior Manager at Grant Thornton to talk about some of the reasons why understanding how to value your company and what drives the value of your company, is so important.  Laura is a Senior Manager at Grant Thornton in St. John’s, NL. She obtained her CPA designation in 2017 and completed the CBV designation in 2020. She focuses primarily in business valuations and transactions, and services clients in a broad range of industries. In this episode, Shauna and Laura, unpack some big topics in a digest-able way, like how your company valuation affects financing, the importance of succession planning, and some of the rules of thumbs when it comes to company valuations. Laura also explains why price may not always equal the value that's on paper.  You might want to have a notebook handy for this episode! Thanks again to our podcast sponsor the Women Entrepreneurship Knowledge Hub. We hope you found this episode insightful and empowering for your entrepreneurial journey. Follow us on social media and visit our website to learn more about our financial literacy program designed specifically for you. Remember, use the code PODCAST10 to save 10% off at www.thefinancecafe.ca Instagram: @thefinancecafeofficial LinkedIn: The Finance Cafe EPISODE RESOURCES https://www.scotiabank.com/women-initiative/ca/en/posts.financials.articles.gender-research.html https://www.canada.ca/en/revenue-agency/services/tax/businesses/small-businesses-self-employed-income.html https://www.bdc.ca/en/articles-tools/change-ownership/sell-business/business-valuation-whats-your-company-worth