I have found some valuable things that propel me and others toward their own definitions of success. 1. Clarify Your Goals We often don’t spend enough time thinking about what we’re trying to accomplish and where we hope it will take us. We trail along with the crowd and follow the same playbook that everyone… Continue reading 6 Tools for Initiating and Sustaining Success
Cash flow normalization is done with the intention of identifying Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) or Seller’s Discretionary Earnings (SDE). These differing measures are not interchangeable but are used by different classes of buyers for different categories of acquisition. Free cash flow is an important measure when calculating the value and price for any business. It is the amount theoretically available for servicing acquisition debt, working capital, return on investment for any cash outlay in the acquisition, and future expansion.
Exit planning is the buzzword for those who consult to Baby Boomer business owners. Business brokers, wealth managers and other professionals are adding “exit planning” to their services. It’s a logical reaction when over 5,000,000 Baby Boomers (about 3,000,000 in 2024) are preparing to leave their businesses. Not surprisingly, when an advisor creates an “exit… Continue reading What is an Exit Plan?
We all have unique “financial fingerprints” – the beliefs and behaviors shaped by our genetics, experiences, culture, and decisions. These fingerprints influence how we share, spend, save, and invest. Often unspoken, these beliefs can quietly drive poor financial choices and impact our overall well-being. A skilled financial planner helps uncover a client’s financial fingerprints to… Continue reading Financial Fingerprints
How do we prepare the next generation for success?
FPA Owner Transitions 