A good time was had by all at Nakoma Golf Club on November 14th to celebrate CapVal’s 50th anniversary. We had a great turnout – a big thanks to the nearly 100 people who came to celebrate and to the many others who sent such kind messages. Our President, Jane Tereba, shared the milestones inRead More…
Different potential buyers of a business will arrive at very different values. Why? Because buyers have different interests, motivations, knowledge, and plans for what they might do if they become the owner. Generally, informed buyers calculate the value of a business with a focus on two key levers: 1. Future Expected Cash Flows: The income,Read More…
It’s often said that a business is worth whatever someone is willing to pay for it, so why should a business owner bother with a formal valuation, especially if they have no immediate plans to sell? After 50 years of valuing closely held businesses and assisting owners in preparing for ownership transitions, we’ve found thatRead More…
What if sales growth isn’t the whole story? Business owners begin by selling something—a product, a service, or adding value to existing products or services. As the business takes root and grows, it transforms from a mere idea and typically employment for the owner, into a significant investment, likely becoming the owner’s largest asset. InRead More…
We’re Celebrating 50 Years!
Look What’s Changed in 50 Years…
What surprises you most?
Experienced business appraisers consider various factors when valuing a privately owned business, one of which is known as the discount for lack of marketability (DLOM). This discount for lack of marketability represents a deduction from the value of an ownership interest to reflect the limited marketability, or ease of sale, of a privately owned business.Read More…
There are many day-to-day decisions that we as business owners control and can adjust for; however, one significant issue that is completely out of our control is the general economy. It’s interesting to reflect back over the past two years of business valuations our firm has completed and consider how the more recent economic changesRead More…
And another year is in the books! It’s time to gather and review our bank statements, investment statements, tax statements…and if a business is owned, wrap up year-end accounting and journal entries to finalize financial statements. But some business owners are missing one critical year-end statement that can be a competitive differentiator…a reliable business valuation.Read More…
A business advisor recently mentioned that they were speaking with a business owner who wanted to plan for the future. The advisor suggested that it would be wise to have a formal business valuation done so that informed decisions could be made in the planning process. The owner responded that their business couldn’t be valuedRead More…
Often when business owners think about transitioning out of business ownership, they focus on numbers and logistics first but don’t always consider what they will do after transitioning out of ownership. We’re talking about the big ‘what’s next?’ question that almost all of us face at some point in our careers, and the reaction businessRead More…