The Our Three Cents hosts Troy, Nick, and K.C. of Henssler Financial cover 14 areas you need to consider when planning your business exit strategy, including understanding your exit options, preserving your wealth and getting a baseline business valuation.
The Our Three Cents hosts Troy, Nick, and K.C. of Henssler Financial discuss how business owners need to mind the gap when it comes time to sell their business. They need to pay attention to the gaps in profit, value, and wealth. This includes identifying deficiencies in the business that can make you less attractive to a buyer than your industry peers. Then, consider moves to make to improve the value of the business today and ultimately how much the owner can take away from it when they finally step away.
The Our Three Cents hosts Troy, Nick, and K.C. of Henssler Financial discuss the four C’s of capital which are four different types of capital, that actually drive up the value of the business. Most owners forget that a strong bottom line is only a small part of the value of a business. Intangibles are the secret sauce of what makes a company special and potentially very valuable to a buyer. The Exit Planning Institute states as much as 80% of the value of the business could be wrapped up in intangible assets.
The Our Three Cents hosts interview Reece Sanford, CFA, a VP/SBA Relationship Manager at SouthState Bank. Reece discusses why SBA-backed loans are ideal for small businesses. Loans backed by the Small Business Administration generally have rates and fees that are comparable to non-guaranteed loans, and quite often have lower down payments, flexible overhead requirements, and no collateral needed for some loans.
As a business owner should you be the center of the universe for your business? This can happen when you have too much responsibility maintaining customer relationships, developing the processes, or being the only one who can make decisions. For a small business, growth may create the need to decentralize to continue efficient operations.
How much cash should your business have on hand? It varies by industry. In the January 2022 episode of “Our Three Cents” our business experts discuss how working capital needs are an integral piece of information for business owners.
In the December 2021 episode of “Our Three Cents – Exit Planning Strategies” podcast, hosts Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, discuss the dynamics of running a family business. Often business owners think that they will be able to hire and take care of their family members and all will be happy. They forget about family dynamics, personalities, family vs. business hierarchy and the fact that once the work day ends, you can’t go home and avoid your coworkers!
Insurance transfers the financial risk to an insurance company. In this episode of “Our Three Cents – Exit Planning Strategies” podcast, hosts Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, talk with Director of Insurance Planning, Jim Crone, CFS®, CLU®, about using insurance in your business to transfer the risk…
In this episode of “Our Three Cents – Exit Planning Strategies” podcast,, we discuss the importance of assembling a team of experts to help you in your business transition. To achieve maximum value from selling a business you will need help to organize your sale offering, prepare financial and other documents that buyers require, and complete the legal papers that protect you, your business, and your buyer.
Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, discuss the difference between debt and equity when it comes to raising money for your small business.
