Our Three Cents — Attractiveness vs. Readiness
Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA of Henssler Financial explore the difference and need for both attractiveness and readiness when selling your business on this episode of Our Three Cents.
Our Three Cents — Is It Too Late?
The Our Three Cents hosts Troy, Nick, and K.C. of Henssler Financial answer the question if it is too late to sell your business this year now that interest rates are increasing and the market has taken a roughly 18% tumble.
Our Three Cents – Exit Planning Checklist
The Our Three Cents hosts Troy, Nick, and K.C. of Henssler Financial cover 14 areas you need to consider when planning your business exit strategy, including understanding your exit options, preserving your wealth and getting a baseline business valuation.
Our Three Cents — Mind the Gap
The Our Three Cents hosts Troy, Nick, and K.C. of Henssler Financial discuss how business owners need to mind the gap when it comes time to sell their business. They need to pay attention to the gaps in profit, value, and wealth. This includes identifying deficiencies in the business that can make you less attractive to a buyer than your industry peers. Then, consider moves to make to improve the value of the business today and ultimately how much the owner can take away from it when they finally step away.
Our Three Cents — The Four C’s
The Our Three Cents hosts Troy, Nick, and K.C. of Henssler Financial discuss the four C’s of capital which are four different types of capital, that actually drive up the value of the business. Most owners forget that a strong bottom line is only a small part of the value of a business. Intangibles are the secret sauce of what makes a company special and potentially very valuable to a buyer. The Exit Planning Institute states as much as 80% of the value of the business could be wrapped up in intangible assets.
Our Three Cents — Small Business Administration Lending
The Our Three Cents hosts interview Reece Sanford, CFA, a VP/SBA Relationship Manager at SouthState Bank. Reece discusses why SBA-backed loans are ideal for small businesses. Loans backed by the Small Business Administration generally have rates and fees that are comparable to non-guaranteed loans, and quite often have lower down payments, flexible overhead requirements, and no collateral needed for some loans.
Our Three Cents — Decentralizing the Business Owner
As a business owner should you be the center of the universe for your business? This can happen when you have too much responsibility maintaining customer relationships, developing the processes, or being the only one who can make decisions. For a small business, growth may create the need to decentralize to continue efficient operations.
Our Three Cents — Flush with Cash
How much cash should your business have on hand? It varies by industry. In the January 2022 episode of “Our Three Cents” our business experts discuss how working capital needs are an integral piece of information for business owners.
Our Three Cents — Family Matters
In the December 2021 episode of “Our Three Cents – Exit Planning Strategies” podcast, hosts Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, discuss the dynamics of running a family business. Often business owners think that they will be able to hire and take care of their family members and all will be happy. They forget about family dynamics, personalities, family vs. business hierarchy and the fact that once the work day ends, you can’t go home and avoid your coworkers!
Our Three Cents — Insurance in Exit Planning
Insurance transfers the financial risk to an insurance company. In this episode of “Our Three Cents – Exit Planning Strategies” podcast, hosts Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, talk with Director of Insurance Planning, Jim Crone, CFS®, CLU®, about using insurance in your business to transfer the risk […]