business valuation Archives - Blau Company Accounting & Tax Preparation

Your Financial Plan: What role does your business play?

Assess the value of your business and how it contributes to your overall net worth If you’re like most small business owners, you’re focused on day-to-day operations and have little time to think about long-term plans. But there may come a day when you realize you won’t be able to continue working forever, and that’s often a little late to start planning where your income will come from and how your business can fit into your overall financial plan. […]

November 30th, 2014|Business Tax, General Consulting|Comments Off

Exit Strategies … thoughts on a White Paper

Robert Young, Asst. VP with Merrill Lynch, Pierce, Fenner & Smith, Inc., recently sent me a high quality white paper produced by Bank of America/Merrill Lynch discussing Exit Strategies. The paper starts with the fact that "it's never too early to start planning for that transition." Truer words could never be said, especially in relation to businesses owned by the self-employed. There are too many 'what ifs' in life. The effective transition of your business is what is best for your family and your customers. Business owners should look at a strategy that maximizes cashflow as well as value. This [...]