Category Archive: Succession Planning/Closing Your Business

Sep 24 2012

Valuation for Privately Owned Businesses

barbara-taylor-synergy-business-services

Barbara Taylor talks about business valuation in this episode of Business: Engaged!

Business valuation isn’t just used when selling your business. It can serve as a periodic checkup. You’ll see the process used to estimate the value of a partners’ ownership and in retirement planning. It is necessary in disputes related to estate value and divorce litigation. This show explores the topic and includes important information such as factors that affect value and different approaches to valuation.

We welcome Barbara Taylor of Synergy Business Services to the show. She is a regular contributor to the New York Times’ online feature “You’re the Boss – the Art of Running a Small Business.” Her blog Transaction addresses the mechanics of buying, selling, and valuing privately held companies. CBS MoneyWatch named Barbara Taylor one of “7 People Every Entrepreneur Should Follow on Twitter.”

To learn more about Barbara and her company, visit http://synergybiznwa.com.

Check in also for the eighth update on my city council campaign in Rogers, Arkansas. This week’s update is about creating top-of-mind awareness. To keep up with my campaign, you can visit my blog at www.carrie4rogers.com.

Click here to listen to this episode.

You can sign up to receive our e-mail newsletter Business: Engaged! Direct so you’ll be the first to know when we post a new show. Click here to our list of past episodes. And don’t forget to connect with us on Twitter at @businessengaged and Facebook (just search for “Business Engaged”). We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

Permanent link to this article: http://businessengaged.com/privately-held-business-valuation/

Jun 04 2012

When It’s Time to Close the Doors

beth-cook

Beth Cook shares insights about her 23 years as a retail shop owner and her recent decision for close her business. She also shares wisdom she’s gained along the way in managing people and engaging customers.

No business owner starts out with any thought of closing his business. The dirty little secret in business is that every company has a life span, no matter what size or format. Products change. Customer needs evolve. Life moves on. Owners need to stay close to shifting conditions and be ready to make tough decisions.

In this episode, we chat with Beth Cook, former owner of B Larue gift shop. She’s built her retail shops from the ground up, determining format and sourcing all merchandise. She even transitioned her last store to carrying all American-made merchandise, a ground-breaking decision in the industry. After a twenty-year love affair with retail, she recently decided it was over — at least the prospect of owning her own store.

She shares her journey in making that tough decision to close her business but she also gives us some wisdom that applies to any business. No matter what kind of business you own, you’ll love her honesty and how she’s set her sights on the next unknown chapter in her life. She’s locked one door for the final time and is preparing to walk through a new one. Join us as she reflects on what she has learned and the factors that she considered in making the decision.

You can follow us on Twitter at @businessengaged. Better yet, stop and share the link for this show with your Facebook friends and Twitter followers. That way, everyone will know when the next show is posted.

Episode airs on Monday, June 24, 2013 at 9:00 a.m. CST.

Click on the player below to listen to this episode.*

Click here to listen to other episodes of Business: Engaged!

* If the show stops playing while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

Listen to internet radio with Business Engaged on BlogTalkRadio

This is an encore presentation of Episode 7.
The episode aired originally June 4, 2012.

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE our Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

 

Episode 7

Permanent link to this article: http://businessengaged.com/when-its-time-to-close-the-doors/

May 14 2012

Valuation for Privately Owned Businesses

barbara-taylor-synergy-business-services

Host Carrie Perrien Smith welcomes Barbara Taylor of Synergy Business Services to Business: Engaged! to talk about business valuation.

Business valuation isn’t just used when selling your business. It can serve as a periodic checkup. You’ll see the process used to estimate the value of a partners’ ownership and in retirement planning. It is necessary in disputes related to estate value and divorce litigation. This show explores the topic and includes important information such as factors that affect value and different approaches to valuation.

We welcome Barbara Taylor of Synergy Business Services to the show. She is a regular contributor to the New York Times’ online feature “You’re the Boss – the Art of Running a Small Business.” Her blog Transaction addresses the mechanics of buying, selling, and valuing privately held companies. CBS MoneyWatch named Barbara Taylor one of “7 People Every Entrepreneur Should Follow on Twitter.”

Click here to learn more about Synergy Business Services. You can also follow Barbara on Twitter at @synergybiznwa.

Click here to see Barbara’s blog posts on You’re the Boss: The Art of Running a Small Business.

Episode airs on Saturday, March 30, 2013 at 8:00 a.m. CST.

Click on the player below to listen to this episode.*

Click here to listen to other episodes of Business: Engaged!

* If the show stops playing while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

Listen to internet radio with Business Engaged on BlogTalkRadio

This is an encore presentation of Episode 4.
The episode aired originally May 14, 2012.

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE our Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

 

Episode 4

Permanent link to this article: http://businessengaged.com/valuation-for-privately-owned-businesses/

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