All business owners want to maximize their business value. But what determines business value and how do you improve it? Business value is influenced by many factors from market share, future growth potential, operating efficiencies, healthy financial metrics, to business strategy.
While increasing the value of your business has many short-term benefits for owners, it also makes a company more desirable for future buyers. Maximizing business value is what stands between you getting a premium for your business versus selling at a discount rate or not at all.
For owners nearing retirement, boosting business value is an essential exercise, but it should be a key factor in all succession strategies. There are several things that owners can do. In this session we will discuss the metrics that are used in business valuations, we will define how businesses are valued, discuss how to improve your cash flow and how this prepares you for succession.
• A review of financial metrics defined
• A review of factors that impact EBIDA
• How we define business value
• Industry multiples of EBIDA
• How to solve for your business cash flow
• How to prepare for Succession with this information
This session will also be available live at the NFDA Leadership Conference.
Tim Bridgers, Senior Vice President of funeral & cemetery lending at Live Oak Bank, has helped hundreds of funeral home owners access the capital they need to build, buy, grow and sell their business. Tim understands the challenges that business owners face. He recently received his MBA from the University of North Carolina and owned/operated a business for ten years. He has served as a Trustee for the Selected Educational Trust board, and the advisory board of Worsham College of Mortuary Science and has presented at ICCFA, NFDA, Selected National meetings and many state association events providing education and CE to funeral and cemetery professionals.