Rick

Importance of a Third-Party Valuation for Your Business

By Rick / Comments Off on Importance of a Third-Party Valuation for Your Business

While there are some who may think you only need to know the value of a business if you’re looking to buy or sell it, this couldn’t be further from the truth. There are actually numerous situations where knowing the value of your business is important even if you have no plans to sell, plus […]

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Why Good Business Valuations Are Key During Triggering Events

By Rick / Comments Off on Why Good Business Valuations Are Key During Triggering Events

While there are some out there who may mistakenly believe that a business valuation is only important if you’re actively in the process of selling or buying a business, this couldn’t be further from the truth. In reality, business valuations may play a role in a number of different situations, many of which are known […]

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Why Business Valuation is Vital in Exit Planning

By Rick / Comments Off on Why Business Valuation is Vital in Exit Planning

For numerous business owners, even including those who aren’t necessarily looking to sell their company in the near future, one area that’s important to have a handle on is your exit planning strategy. Also sometimes referred to as succession planning in some cases, depending on the nature of the business and its ownership, exit planning […]

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The Role of Business Valuations During Ownership Disputes

By Rick / Comments Off on The Role of Business Valuations During Ownership Disputes

There are a number of different reasons why a business valuation for a specific company might be required, including a few you may not have considered very closely. One good example here, which happens more often than you might realize: When a business valuation is needed for an ownership dispute over that business. At My […]

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Importance and Steps of Sell-Side Business Due Diligence

By Rick / Comments Off on Importance and Steps of Sell-Side Business Due Diligence

Due diligence is a term you’ll hear often within the realm of buying or selling businesses, and it’s something that’s important for both prospective buyers and prospective sellers. Within this latter category, this form of due diligence is often referred to broadly as \”sell-side\” due diligence. At My Biz Value, we’re proud to offer data-driven, […]

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Another Purchase Completed

By Rick / Comments Off on Another Purchase Completed

Business Sales Group (small business division) is pleased to announce the successful completion of the acquisition of an Event and Promotional Production Company In Arizona.  The Buyer was from the mid-west and hired BSG as his buy-side advisor to advise him through the whole transaction. BSG successfully completed the Business Valuation, Due Diligence, Negotiation, LOI, […]

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Purchase of Jibij by James Sawyer

By Rick / Comments Off on Purchase of Jibij by James Sawyer

Business Sales Group, Small Business Division, is pleased to announce the successful purchase of Jibij by James Sawyer. With the help of his father, James acquired this excellent business. Rick Krebs was the Advisor for the Buyer (Buy-side Advisory) helping him navigate all aspects of the sale from start to finish including valuation, negotiation, due […]

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Cash or GAAP Basis Accounting When Selling a Business?

By Rick / Comments Off on Cash or GAAP Basis Accounting When Selling a Business?

When considering a sale, it makes sense to do an annual compiled financial statement that is presented on a GAAP basis versus Cash Basis, which is commonly used to report Income on your tax return.  This GAAP financial can then be used for valuing and selling your business compared to using Tax Returns. The reason […]

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Valuation Considerations for Orthodontics Practices

By Rick / Comments Off on Valuation Considerations for Orthodontics Practices

When valuing an Orthodontics Practice, two important considerations need to be made: Accounts Receivable. Accrual versus Cash Basis Accounting. When valuing an Orthodontics practice, especially if it is a startup and less than 2 years old it is important to consider Accounts Receivable in the valuation equation.  For instance, when valuing an orthodontics practice, they […]

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Beware: A Self-input Business Valuation is not a good idea

By Rick / Comments Off on Beware: A Self-input Business Valuation is not a good idea

There is a type of business valuation software and service available that allows a business owner to input their own financial information.  Although this may seem like a good idea, it is a very bad practice.  Valuations, like tax returns are complicated and require a seasoned professional to analyze and input the data to get […]

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