In the day-to-day running of a business, it’s often hard to find time to prioritize some of those big picture questions like “what is my business actually worth?”. But knowing the value of your business can be the catalyst to your next big step, like an upcoming retirement, offering an Employee Stock Ownership Plan, structuring a buyout among partners, or even selling your business outright. It can also reveal practices within your business that reduce value and make it harder to grow.
BCC shareholder Matt Fett, CFA, ASA had the opportunity to visit with Bryan Dewhurst and Phillip Ramsey, co-founders of Uncommon Wealth Partners, about business valuations. On Episode 138 of “The Uncommon Life Podcast" Matt discusses when you would need a business valuation and opportunities it can reveal. He also talks about behaviors that make it hard to structure a good deal to sell or transition a business, and the role emotions play when trying to understand how much a business is truly worth.
Listen in on Matt’s discussion with Bryan and Phillip (The Uncommon Life Podcast #138) and if you want more information about business valuations, Employee Stock Ownership Plans, or transitioning your business, Matt would be happy to visit with you! Call 515.777.7072 or send an email.
Podcast summary credit to Uncommon Wealth Partners.