Blog

What percent of business owners on average at least somewhat agree with the following statement? Having a transition strategy is important to both the future of my business and my personal future.

Why is it critical that the business owner and their teams focus not on the exit at some point in the future but bring exit planning into the present and focus on the now?

The Protect Value stage of the 5 Stages of Value Maturity is focused on:

Which actions are typically discussed in a personal envisioning workshop following the Triggering Event?

Every business owner has three success areas, Business, Personal and Financial. These areas are influenced by three Value Systems. These systems are?

What are the best characteristics of an ESOP candidate?

Use the following information to answer questions 121 – 125.Assume your potential client Jim, owns a company that manufactures heavy-duty steel shelving for warehouse and distribution centers. Jim is 67 years old. One of his primary goals is to maximize the selling price of his company at the time of sale. The company has revenues of $18 million and pre-tax income of $2 million. The company has no debt and all its assets have been fully depreciated. Jim pays himself a salary of $1 million annually and acts as the company’s CEO. A normalized salary for a CEO in this industry is $350,000. Jim’s wife, Sarah, is 64 years old and is listed on the payroll as office administrator, but never comes into the office. Sarah receives a salary of $50,000 annually. Jim and his wife expense approximately $85,000 in personal items through the business each year. To artificially drive up his business income, Jim has been underinvesting in marketing by $50,000 on an annual basis. Jim typically has legal fees of $25,000 a year.What is the best earnings stream to use to value this company?

Which is the most common type of financial modeling used by financial advisors to enable fact-based decision-making?

Which is not a statement of a SMART goal?

The disadvantages of an ESOP include: