Fine-tuning financial statements helps a business valuation expert compare the subject company’s performance to the financial performance of similar public or private companies. This article explains normalization adjustments for 1) unusual and nonrecurring items, 2) nonoperating assets, 3) related-party transactions, and 4) accounting norms.
Since the concept of “collaborative divorce” was introduced in the 1990s, it’s been gaining momentum as a creative, cost-effective alternative to the traditionally adversarial divorce process. This article provides an overview of collaborative divorce, including how it works, advantages, potential pitfalls — and the role of the financial expert.
Want to be a successful realtor? It is all about how you market yourself. In today’s marketing world there are so many outlets and tools that can be utilized for selling real estate. Even the wording or phrasing you use can have an impact on your future clients. Check out these tips for becoming an expert real estate agent marketer!
Blogs are big right now. They are a way to provide useful information about your business and keep people engaged. As a real estate agent, it’s important to keep clients and leads informed about the real estate industry and what you’re up to. So you’re likely asking yourself as a realtor, how do I start a blog?
A solid buy-sell agreement can help closely held businesses avoid disruptions when a shareholder leaves the business. This article explains critical business valuation issues to address when drafting or reviewing a buy-sell, including the appropriate valuation method, level and standard of value, and valuation date.
It was two days after I was asked to present on legacy to the Arizona Suns Charities 88 annual review event that I sat in the car with my dad. I’ve presented on legacy to non-profits and small business groups over the past three years and held a strong belief in what legacy meant to me. I believed that a person’s legacy is the greatest measure of how they affected the world; but, my view of legacy was about to be questioned.
Setting goals is a demanding task for anyone. It takes a concentrated effort, deep reflection and persistence. Yet setting goals without creating accountability, more often times than not, results in failure. How can you create the proper structure for accountability when setting financial goals?
The role of a financial advisor has changed dramatically over the past 20 years. In fact we were not even called financial advisors; we were called “stock brokers.” Since financial advising ran in my family’s blood, when I was a kid people asked me “what’s your dad do?” All I knew is as a young boy was that he helped people with their money. Now that I’m a partner with my father, I realized that the stock brokers of the past were order takers. Their specialty was purchasing stocks so they could make commissions. It was a business model that didn’t take into account the client.
If you know me, you know I’m all about building a legacy. Not for self respect or for ego. No, I’m for building a legacy that gives others opportunities greater than I had.
I reflect regularly on what I want to leave behind for others. My greatest hero, my dad, taught me that whenever you meet someone – in passing, close friends, family, the waitress, everyone – you should leave a little bit of the goodness of your soul behind with them. I realize as I get older that the little bit of soul you leave behind is part of your legacy – a part that builds your legacy and the the legacy of the person you touched. I also realize that you can leave behind the goodness part of your soul or part of your baggage and that the choice of what you leave behind is yours to make.
Goodwill is an indefinite-lived intangible asset. It comes into play in various business valuation assignments. This article discusses what goodwill is and the role it plays in divorce and financial reporting. A sidebar highlights the differences between personal and business goodwill.