Business Valuation 101 with Corporate Business Solutions

The experts at Corporate Business Solutions LLC help business leaders throughout the United Sates effectively determine the value of their companies. A business valuation is unique in that it varies with your individual business. However, the business worth is typically measured by the ability to produce economic benefits along with any risks that result from owning the company.  An accurate business value may be measured by five factors: 

1. Circumstances surrounding the business valuation. The worth of the business will be different if the business is to be closed and its assets sold compared to if you plan on maximizing sales and growing your brand exponentially. 

2. Who needs to know the business worth? You may need valuation to set a sale price, determine an offer to buy a business, secure a bank loan, settle an internal problem or defend your business value in a legal dispute.

3. Financial and operational records and future prospects. The history of the business offers significant details but the value does depend more on what the business can do in the future. 

4. Business ownership structure. You may need to know the value of the entire business, a portion of a partnership share or a controlling ownership interest. 

5. Approaches and methods used to measure the business worth. There are a number of standard business valuation methods to choose from under the asset, market and income approaches.  

Our valuation professionals are certified by one or more of the professional valuation organizations. We have experience with valuing companies of all sizes in more than 900 SIC/NAICS codes. Our valuations are legally defensible in a court of law and adhere strictly to the guidelines and standards as determined by regulatory bodies, such as the IRS, Department of Labor and Revenue Canada.

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions LLC, call us at 877-357-9366.

Tips for Growing Your Business

The experts at Corporate Business Solutions often partner with businesses and corporations to plan and manage business growth.   If you’re focused on growing your brand, let us lead the way for you. 

Here are three tips from the business growth professionals at Corporate Business Solutions LLC:

1. Realize That You Can’t Do Everything - As a small-business owner, you’re going to have to be at ease wearing many hats – salesperson, bookkeeper, publicist – but that doesn’t mean that you should do everything yourself.  Knowing when to seek out talented people who share your vision is a crucial test for any business owner. There’s only so much you can do on your own, so if you’ve got your sights set on growth, come to terms with the fact that you’ll need help before long.  You don’t need to relinquish any of your control to make this happen – but you do need to realize that you’re only one person.

2. Run the Business You Want, Not the Business You Have - The “fake it ‘til you make it” principle is something you should adopt, especially in the early days of your business. This concept applies to every aspect of your business, from the language used on your marketing materials and website to the way you greet prospective clients. If you project an air of confidence and authority when dealing with new customers, you can make a great first impression that offsets your relative lack of experience or smaller size.

3. Don’t Dip into Your Business’ Bank Account - Once you’re up and running, it’s tempting to see your business as an extension of your checking account, but you must resist the temptation to “borrow” funds from your business or splash out on lavish expenses. 

Growth costs money, even for the most successful ventures. Every time you take more out of your business’ funds, you’re hurting your chances for growth. Make sure you’re adequately compensated for your work, but keep your salary modest and make reinvesting in your business a top priority.

Moreover, you must avoid treating your business as your personal bank account.  If you don’t keep personal funds and business funds separated, then you run the risk of having the protection of the corporate veil pierced with a legal judgment against you for failing to maintain the structure required by law for corporations. 

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions LLC, call us at 877-357-9366.

Using a Certified Fraud Examiner

One of the many services at Corporate Business Solutions LLC is a Certified Fraud Examinination.  In fact, many business owners are turning to our fraud experts to assist with eliminating fraud once and for all.

More than half of U.S. organizations that experienced fraud in the past few years reported an increase in the number of occurrences, according to a survey by PricewaterhouseCoopers. They also found a rise in accounting fraud, bribery and corruption, with cybercrime moving to the forefront of U.S. companies’ concerns.

Fraud, particularly corporate fraud, is a complicated crime. Fraud will usually just look like a pile of papers, electronic documents and accounting figures. It takes a trained professional from Corporate Business Solutions to see what is really going on. A Certified Fraud Examiner detects, identifies, prevents and investigates fraud.   Since fraud includes any intentional or deliberate act to deprive another of property or money by guile, deception or other unfair means, Certified Fraud Examiners work in various capacities in all fields.

The Certified Fraud Examiners at Corporate Business Solutions have proven expertise in deterrence and detection, as well as accounting and auditing skills for investigation. Our services are crucial in businesses detecting fraud.

Every business is susceptible to fraud.  Our highly specialized Certified Fraud Examiners are trained to recognize the patterns that indicate fraud, whether from internal (employees, managers, officers or owners) or external (customers, vendors, or other 3rd parties) sources, conduct interviews regarding sensitive issues, resolve financial disputes and provide expert testimony on financial and investigative matters.

In addition, a Certified Fraud Examiner can implement strong anti-fraud controls.  We are here to protect your business and customers against the latest high tech frauds, including identity theft, intellectual property theft and security breaches, as well as the more common low tech frauds such as bad checks, product theft and embezzlement.

To learn more and / or to schedule your complimentary appointment with the fraud experts at Corporate Business Solutions LLC, call us at 877-357-9366.

Tips for Your Business Exit Strategy

Every day, small business owners make drastic mistakes when selling their business and lose thousands of dollars in the process. All their hard work and long-term investment is lost. At Corporate Business Solutions, we work diligently to create the most beneficial Exit Strategy that best suits you, your business and your future. 

If you are beginning to ponder exit options for you and your business, contact the professionals at Corporate Business Solutions. Although selling a business can be a very challenging process, our experts help make the process as easy as possible for you.

Here are three tips from Corporate Business Solutions Inc to help you avoid pitfalls, disappointment and lost money in the sale of a business:

1.       Timing - Waiting too long to sell can cause many business owners to miss the best window of opportunity. Since it takes an average of two to four years to sell a small business, long-term planning is crucial to any successful sale. By keeping updated records, a detailed business history and sales portfolio on hand at all times, it will make your planning pay off.

2.       Sale Price - Setting a very high or unrealistic price tag on a business can lead to a dead end street. Expecting to get top dollar for a business that generates little or no profit is simply using bad business sense. Another mistake is to price the business too low. Often business owners will price their business low because they are burned out, suffer from an illness or followed bad advice.

3.       Choosing the right buyer - Taking the first sale offer may not be the best choice. Business sales often go bad after the new owner takes over. The new owner may lack business experience, have a closed mind, be a poor leader, etc.  

   

      Evalute your options and make the best selection for the long term. Ask yourself, is this the best person to buy and run my business? Or, can they quickly connect with my customer base and learn how to market effectively? When the business sale goes as planned, it creates a tremendous opportunity for both business owners and the success continues.

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions Inc, call us at 877-357-9366.