June 23rd, 2018

Business Beat: Lunch and learn about business valuation

By Medicine Hat News on March 1, 2017.

A business valuation is a very complex financial process. Seeking the counsel and expertise of a business valuator will help you evaluate a pending purchase offer, arrive at a reasonable starting point for negotiation, assess the structure of the acquisition and minimize tax implications while still considering cash flow requirements.

On March 14, APEX Alberta will be hosting a session to provide business owners and aspiring entrepreneurs with information pertaining to business valuation. Whether you are acquiring a business, looking for additional equity investment, selling existing equity or transitioning a family business, a valuation will be required and this seminar will be of interest to you.

This upcoming Lunch & Learn seminar will be presented by Drew Jackiw, a local Chartered Professional Accountant with JMH & Co., and it is designed for business owners, family businesses, entrepreneurs, and aspiring entrepreneurs who would like to learn about the business valuation process.

Here is an outline of what you will learn at this seminar: Factors that affect value, valuation methods, preparing for a sale, financing an acquisition or sale, transitioning without a sale to family and tax minimization strategies.

You will have an opportunity to ask questions like these:

1. Is there any industry standard out there that businesses can look to in terms of what would be normal for a particular industry? For example, food service companies are typically 4-6 times net income, retail is two times sales, etc.?

2. How common is it to have, as part of the sale agreement, clauses that require one or more of the key principals in the former ownership group to stay working for a period of time? Does this tend to work out or does it create too many problems?

3. Should a business be valued based on income, assets or a combination thereof?

Come join APEX Alberta on March 14 from 11:15 a.m. to 1 p.m. at the Medicine Hat College, Crowfoot Room, for this free seminar.

For more information about this event or how our programs can help your business, please call me at 403-528-2824.

Elizabeth Blair is the regional innovation network coordinator for APEX Alberta. APEX Alberta supports the growth of innovative and technologically-oriented businesses in Southeast Alberta. APEX Alberta is a collaborative initiative between three core service providers: Community Futures Entre-Corp, Medicine Hat College and Alberta Innovates.

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