PODCAST: WHY VALUATION MATTERS
In our #PoisedForExit episode today, we featured Jason Early, President of BizEquity, which is a software service that advisers use for valuing a privately held company. If valuation has been on your mind, this episode is for you!
BizEquity was founded to “democratize business valuation” for privately held companies who are not backed by Venture Capital or Private Equity. It is a software that calculates the value of a business in over 900 industries, so the owner is in a better position to make critical decisions about growth, transition and eventual exit. Since the business is usually an owner’s largest asset, it’s essential to know the value in order to move forward in any way.
Financial services such as accounting, financial advisory, and banks tend to be the ideal client for the BizEquity software. In advising their owner clients, these types of firms must know the value of their client’s largest asset in order to make sound recommendations and implement meaningful plans.
Jason said the impact of this program has been extremely significant for their clients and has changed outcomes in numerous cases. In one such case, an adviser used BizEquity software as a catalyst to help a family business move forward with succession planning. Once they understood the value of the enterprise, they were much more open to moving ahead with transition planning. We call that a Triggering Event in Exit Planning!
Poised for Exit Podcast Sponsors:
Sunbelt Business Advisors