Mar 15, 2018
In episode 38 of Financially Simple, Justin goes back to determining the value of your Business compared to other competitors, and whether it’s the right time to sell.
If your Business isn’t making as much as your competitors, then you’ve got a value gap. Justin looks at how you can calculate what the value gap is, and how to eliminate it using Business assessment tools that will analyse the Businesses weaknesses, so that you can remedy the issues and increase the value of your Business before you sell.
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00:31 - What Is a Value Gap?
01:12 - What Is My Business Worth, and Should I Sell?
02:29 - What to Do?
04:00 - What IS a Value Gap?
06:08 - How to Measure the Difference
07:53 - Tools of the Trade
10:26 - Why Does it Matter?
11:16 - Driving Up Value
14:39 - Summary
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.
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