What is Transferable Business Value?
There are two kinds of value for your business: 1) Value to you as an owner, and 2) Transferable value. These concepts are important to understand as we talk about successful ownership and management transitions.
Tokyo Report: The Value of a Brand is in or at the Margin of a Business
I spoke at the 2013 RICS Asia Valuation Conference in Tokyo this morning (November 6, 2013). The theme of the conference was “Asset Valuation: The Lifeblood of Global Financial Markets.” My general session talk was titled “The Value of Brands Is In or At The Margin.”
International Valuation Standards Council’s Annual Meetings in Tokyo
The International Valuation Standards Council (IVSC) is having its Annual General Meeting in Tokyo this week. The Professional Board and Standards Board will hold their public meetings this week. The Board of Trustees will also meet and participate in the Annual General Meeting. In addition, there will be a meeting of the IVSC Advisory Forum, […]
What is an Investor’s Portfolio Return When a Major Asset is a Private Company Investment?
If you have funds invested with asset managers, you almost certainly get monthly or quarterly reports on performance, or the yield, or the return on your portfolio for the preceding month, quarter or year. And the performance of your portfolio will be “benchmarked” against appropriate indices of comparable investments. Unfortunately, this concept of managing wealth by reporting on financial performance does exist with most closely held and private companies.
The One Percent Solution – Introducing 12 Strategies for Managing Private Wealth
A number of One Percent Solution Activities were identified in the earlier post, including wealth manager compensation, annual appraisals for monitoring performance, buy-sell agreement pricing, life insurance funding, estate planning, and others. It is now time identify a number of One Percent Solution Strategies for managing private wealth.
PwC Family Business Survey 2012/2013 – Overview
PwC has conducted a family business survey on a number of occasions in recent years. I recently read the PwC Family Business Survey 2012/2013, which deals with the top challenges faced by family businesses at the present time. Those challenges include dealing with the general economic situation, price competition (at home and abroad), the need […]
Managing Private Wealth: The One Percent Solution Examined
Understand what The One Percent Solution is and is not.
Growing Your Business! Personally
The Tennessee Chapter of the National Speakers Association held a meeting recently in Nashville. The speaker was former National Speakers Association president, Mark LeBlanc, author of what has been called “the little blue book,” Growing Your Business! Mark’s audience is comprised of small business owners and those in professional practices, or a group of businesses […]
Berkshire Hathaway and Microsoft and Management Succession
When it comes to succession planning, are you and your company a Microsoft, with no plan at all, or are you a Berkshire Hathaway, with an announced plan in place?
A Buy-Sell Agreement Just in Time
Two partners finally created a buy-sell agreement after more than twenty years in business. At the unexpected death of one of them, the life insurance worked as a funding vehicle to purchase his stock. However, he had failed to communicate with his wife about the agreement and that was bothersome to her for a long time. The death of one partner then creates new issues for the other.