Treat Your Business Like an Investment and Retire on Your Terms

Presented on Tuesday, December 3, 2013

In the rush of day-to-day work and decisions, business owners sometimes forget that their business is an investment—and something they need to watch, nurture, and care for just as they would a valuable antique vase or painting. Typically, 60–80% of a business owner’s wealth is tied up in the value of the business. You will learn • The importance of treating your ownership interest in a business the same way you would treat the shares in your stock portfolio: “Like an Investment.” • How a company is valued, using terms that business owners can understand. • The ways you can increase the value of your business and how an outside buyer will view your company. • Existing exit strategies, and the advantages and disadvantages of each. • Why timing might be the most critical component of your exit strategy. • How to begin the succession planning process and knowing the critical components

Presenter:
Tim McDaniel
Rea & Associates, Dublin, OH
Tim McDaniel is director of business valuations at Rea & Associates in Columbus, Ohio. McDaniel specializes in business valuation and succession planning. He is a recognized leader in the business valuation field, having been involved in over 2,000 valuation engagements and numerous merger-and-acquisition transactions. He also consults with family businesses on succession planning issues. McDaniel prides himself on using plain English to teach business owners the value of their most prized asset and how to increase that value.

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