Below you'll find a list of all posts that have been categorized as “Business Valuation”
More than 75 million Baby Boomers are poised to retire (part of what has been dubbed the “Silver Tsunami”). Early studies indicated mass exodus of Boomers from the workforce would happen steadily over the next 20 years. Back in 2020, however, I shared my opinion that the COVID-19 pandemic was a wake-up call for many Boomers (those born between 1946 …
Mergers and acquisitions are often discussed together, but the terms are not actually interchangeable. The term merger refers to a strategic process whereby two or more companies mutually enter a legal agreement to form a new business entity. Large scale examples of mergers include the 1998 merger of Exxon Corp and Mobil Corp to become Exxonmobil, and more recently, the …
Overall, working with a business broker is the best way to sell your business fast. Business brokers specialize in the buying and selling of businesses, and they can save you a great deal of trouble compared to selling on your own. Be sure to follow these 5 foundational steps: 1. Determine how much your business is worth. Having a thorough, …
For additional industry-specific insight and information, visit our page of Selling Tips & Business Valuation Multiples by Industry. Challenges of the Times Revenue Method It is important to acknowledge that revenue (even recurring revenue) does not necessarily translate to profit, and likewise, an increase in revenue does not automatically equate to an increase in profit. Thus, the main challenge in …
This much is clear: defining Key Performance Indicators (KPIs) for your business is essential. What is less clear: identifying which performance indicators are indeed key for your particular business. There are many useful KPIs, and we believe there is one KPI in particular that will benefit every business owner, regardless of industry, location, or size. Identifying KPIs The most successful …
Viking Mergers and Acquisitions of Tampa, FL., announces the acquisition of International Fleet Solutions Inc by Ronald Martin, former Senior Engineering Manager for Honeywell Analytics. Founder Tracy Thrall established International Fleet Solutions in 2011. Services offered include automotive paintless dent repair (PDR). The company serves large automotive dealerships, rental car companies and corporations with large fleets of vehicles. Their extensive client base includes Hertz, …
Entrepreneurs sell their businesses for a variety of reasons. Regardless of your “why,” if you have decided that the “when” is now (or soon), what should you do next? Get Familiar With the Process First, familiarize yourself with the selling process. It will be helpful to have a general understanding of the process as you engage with your Broker/Advisor of …
Establish Your Location The reality is every business owner should have a current business valuation. We can assume that a main goal of most business owners is to grow the value of the business. With that in mind, the main benefit of a current valuation is this: all business planning needs a starting point against which all business actions can …
Your business likely represents the largest portion of your net worth. With that in mind, it makes sense to consult with a professional advisor who can learn about your business and give you thoughts on how to prepare your business for a future sale. Here at Viking, that is precisely what we do. We have written at length about what …
Locations
Florida
