Description

Are you a business owner thinking about the future of your company? Whether you're considering selling, planning for succession, or simply want to understand your business's true worth, this episode is for you.

Join us for the inaugural episode of our "Charting Opportunities for Business Owners" series as we welcome Robert Snowden ASA, ABV, Founder and Managing Director of South Park Advisors, a leading independent business valuation firm. Rob brings over 25 years of experience and invaluable insights into the world of business valuations, helping owners navigate the complexities of their most significant asset.

In this insightful conversation, Rob breaks down:

• The critical steps business owners should take years before a potential sale. (00:03:00)
• The essential team of advisors you need in your corner. (00:06:00)
• The various exit strategies beyond a simple sale, including selling to insiders, outside buyers, and ESOPs. (00:07:00)
• The ins and outs of the valuation process and what to expect. (00:09:00)
• The differences between fair market value and strategic value. (00:16:00)
• Key factors that strategic and financial buyers look for. (00:20:00)
• Common pitfalls to avoid when preparing your business for valuation. (00:25:00)
• The role of debt in growing your business and its impact on valuation. (00:28:00)
• How often you should have your business valued and why it matters. (00:39:00)
• What to look for in a qualified business valuation expert. (00:42:00)
• The true benefits of getting a valuation, beyond just knowing the numbers. (00:46:00)
• Cost and time expected for a valuation. (00:53:00)
• How to vet a business broker. (01:02:00)

Rob's expertise shines as he answers your burning questions, providing practical advice and real-world examples. Whether you're a seasoned entrepreneur or just starting out, this episode will equip you with the knowledge you need to maximize your business's value and secure your financial future.

Don't miss this opportunity to learn from one of the best in the business! Tune in and start charting your opportunities today.