A recent study performed which Gina Miller discusses in this podcast revealed 60% of business owners surveyed felt they understood the value of their business but only 8% had their business valued in the last few years. Where do you fall?
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 VALUE.
As you listen to this episode you will walk away with key take a-ways and will realize you will want more. Click to visit the “Business Value: How to Determine and Grow Value topic page to easily access the additional episodes in the series.
Other topics discussed in the series:
- 1. How do you define value?
- 2. How do you increase business value?
- 3. How do you determine business value?
- 4. Do business owners understand their retirement needs?
- 6. When should owners start planning for transition?
- 7. What are the first steps to begin to transition the business?
- 8. What cash flow considerations should business owners evaluate when deciding sell vs. grow?
The Succession Matrix: Unlocking Growth and Future-Proofing Your Family Business
Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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