Business Evaluation – What’s in a Number?
Joe Braier was interviewed by theIBBA (International Business Brokers Association). Joe Braier, our team member who is a Certified Valuation Analyst (CVA) explains how a large variety of factors come in when analyzing an accurate valuation. This is a 30 minute discussion with Joe on the variety of items that come into play when developing the value of a business. Click to listen to the interview
Business Resources during COVID-19 Crisis
Lakes Business Group knows privately owned businesses are what makes our country great. At this health and economic crisis period there are resources to help businesses manage through this crisis.
Below we have compiled some resources for you to look through and apply as we get through this pandemic together.
Click here to read information for eligibility requirements for the PPP loan forgiveness.
Here’s a link to an informative video update from Eric Ness, the top-ranking official for the U.S. Small Business Administration (SBA) in Wisconsin. This 42 minutes video covered the ins and outs of the Paycheck Protection Program and answered questions. To watch this click the link
Coronavirus (COVID-19): Small Business Guidance & Loan Resources. Click for SBA info
The Wisconsin Economic Development Corp. launched Small Business 20/20—a $5 million grant program that will give companies with fewer than 20 employees up to $20,000. The Small Business 20/20 Program provides grant funds to approved community development financial institutions (CDFIs). Click for info
Waukesha State Bank is one of the local banks with PPP information and applications. Click for link to Waukesha State Bank.
Valuing a Business
Do you know the value of your business? A business valuation lets you know where you are in terms of growth even before you are ready to leave . Knowing the value of your business helps you in planning your future and having an exit plan when you are ready to sell.
You should gather the following information to start the process of valuating your business:
- Five Years of Financials:
- Profit & Loss Statements
- Balance Sheets
- Cash Flow Statement
- 5 years of Tax Returns
- Lease (if rented)/Tax Bill (if owned)
- Inventory List
- Furniture, Fixtures & Equipment List / Depreciation Schedule