HighDrive NetworkHighDrive NetworkHighDrive NetworkHighDrive Network
  • Programs
    • The BusinessMakers
    • The EnergyMakers
    • HXTV
    • HealthMakers
    • BusinessMakers USA
    • Entrepreneur’s Playbook
    • Business Builders
    • Brandonomics
    • Women Mean Business
    • Biz Moments
  • About HighDrive
  • Contact

Know Your Business Value

Entrepreneur's Playbook | Episode: 723 | Guests: Matt Goldston | 0
We’re discussing how to prepare for a sale. (Hint: Don’t try to do it alone.) Jen discusses valuing your business with Matt Goldston, a Director of PKF Texas’ Entrepreneurial Advisory Services and a member of the Transaction Advisory Services Team.

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski and I’m here with Matt Goldston, an Entrepreneurial Advisory Services Director and one of the faces of PKF Texas’s Transaction Advisory Services team. Matt, welcome back to The Playbook.

Matt: Thank you very much, Jen.

Jen: So, I know you were talking with one of our guest hosts, Russ Capper, about selling your business, and what I want to touch on today is value. What does a company need to do to learn the value of their company?

Matt: Looking at value, it’s often prescribed as a multiple of EBITDA. Knowing what EBITDA is: Earnings Before Interest, Taxes, Depreciation & Amortization; that’s key. Working on that, and then you’re only given a range the company could transact, from X to X, and working within those two values can end up being a huge different to a seller.

Jen: What does a company need to do to really kind of get ready to find that valuation?

Matt: Be prepared and act now. The Chinese proverb says, the best time to plant a tree was twenty years ago, the second-best time is today. Today is today, it’s time to look at that. Being prepared and keeping financial records in order, issuing financial statements on a GAAP basis, having a great firm help you do that, those are all key.

Jen: Do you get a banker involved with the valuation process?

Matt: Usually, you get an accounting firm, or a business advisory group could help you with that.

Jen: Perfect. We’ll get you back to talk a little bit more about selling your business in another episode. Sound good?

Matt: Absolutely it does, Jen. Thank you.

Jen: Great. For more information about this topic, visit pkftexas.com/transactionadvisoryservices. This has been another Thought Leader Production brought to you by PKF Texas – The Entrepreneur’s Playbook. Tune in next week for another chapter.

brought to you by

Recent Entrepreneur's Playbook Episodes

Getting the Due Diligence Process Started

Getting the Due Diligence Process Started

In this episode of PKF Texas – The Entrepreneur’s Playbook®, Audit Senior Manager Kimberly ...
Entrepreneur's Playbook
The Advantages of Sell-Side Due Diligence

The Advantages of Sell-Side Due Diligence

In this episode of PKF Texas – The Entrepreneur’s Playbook®, Jen Lemanski is joined ...
Entrepreneur's Playbook
Start Thinking About Selling Your Business Now

Start Thinking About Selling Your Business No...

In this episode of PKF Texas – The Entrepreneur’s Playbook®, Chris Hatten discusses how ...
Entrepreneur's Playbook
The Current State of M&A Markets

The Current State of M&A Markets

M&A Markets are “hot” right now! What’s contributing to this current trend? Jen Lemanski ...
Entrepreneur's Playbook
How JV Solutions Can Help

How JV Solutions Can Help

JV Solutions is a division of Joint Venture Strategic Advisors (JVSA), offering the energy ...
Entrepreneur's Playbook
The History and Beginnings of JVSA

The History and Beginnings of JVSA

Now that you’ve learned about Joint Venture Strategic Advisors (JVSA) and its service offerings, ...
Entrepreneur's Playbook
Load More Episodes Loading...
© HighDrive 2018-2019 | All Rights Reserved
  • About HighDrive
  • Charlotte, NC
  • Columbus Ohio
  • Contact HighDrive
  • Fort Lauderdale
  • HighDrive Network
  • HighDrive Programs
    • Biz Moments
    • Brandonomics
    • Business Builders
    • BusinessMakers USA
    • Entrepreneur’s Playbook
    • HealthMakers
    • HXTV
    • The BusinessMakers
    • The EnergyMakers
    • Women Mean Business
  • HighDrive Weekly
  • Indianapolis Indiana
  • Kansas City
  • Milwaukee
  • Nashville
  • Oklahoma City
  • Raleigh NC
  • San Antonio
  • Seattle
HighDrive Network