As economy stabilizes, will we see a rush of new business brokers into the market?
That’s a prediction from senior staff at the International Business Broker’s Association, at least. It makes sense; many high-level executives who have been displaced by the economic crisis will need to build independent careers in the next phase. This could make it even harder for business owners to choose effective advisors as the pent-up demand [...]
OK–it's from an I-banker, but one more study shows good prospects for selling your business
Although the mergers and acquisitions market is still not close to previous highs, sales activity continued to come back in the third quarter, says the regular report from PCE Investment Bankers. The rebound was largely expected, due to pent-up supply from the many business owners who’ve been sidelined during this past year, forced [...]
Professor Damodaran: rethink the value–and risk–of your business
Like many business owners, in mid-September 2008, Professor Aswath Damodaran (NYU Stern School of Business) believed “I could think through any valuation problem.” By the end of October, he told last week’s ASA Advanced Business Valuation Conference, during his two-hour keynote address, “I didn’t know the first thing about valuation…the current economy reminds us why [...]
New wealth-planning resource from Deloitte
Deloitte has just published its annual wealth planning guide: The Essential Tax and Wealth Planning Guide for 2010 – A Year-round Resource. Geared toward navigating the current economic uncertainty. The 22nd version of the guide discusses:
· The current tax environment: What has changed, what might lie ahead, and how to help clients keep their planning [...]
Did you ever wonder what your market share was in your zip code?
Ever wonder how your revenues compare to your local competitors? Here’s a great tool that allows you to pull financial data from all of the businesses in your neighborhood—and benchmark your operations against theirs. So, whether it’s a city, or region, or state—or the two other guys on your block—take advantage of Bizminer’s Competitive [...]
A key step to improve your discounted cash flow analyses
Business owners and financial analysts who conduct discounted cash flow analyses need to extend not only the income statement, but also the balance sheet and cashflow statements. It’s pretty easy to spot overly optimistic estimates this way, and easy errors will pop up; for instance, that you’ll have no working capital to support the [...]
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