on their specific business situation which includes tangible and intangible value drivers. Business owners need to understand what businesses like theirs actually sell for, and then the associated risks. It is a difficult conversation to tell a business owner that their sweat equity did not increase their company’s value as much as they expected, having accurate and substantiated data in hand helps with focusing the conversation on fact vs. opinion surrounding this charged topic. Performance, Risk and Business Value Performance, Risk and Business Value is formulated by the information and data calculated with a business valuation. The Metrics and Key Performance Indicators are more than just revenue or cash flow, instead the difference is purely based on having better performance which is unrelated to revenue and cash flow. From the valuation perspective, better performing businesses have less risk than poorer performing businesses. We can help assess this Gap in a defined, systematic, proven process to add clarity and confidence in where to start to increase value. Again, it’s not complicated but it is complex and this data will give business owner’s a clear path to take in an orderly, step by step basis. Conclusion It is critical that we help existing business owners understand the value of their business and the direction to improving that value. As a Financial Advisor, Capital Manager and Certified Valuation Analyst (CVA) I take the steps to help business owners understand the qualitative and quantitative metrics and the importance of this information. Start now, the transfer may happen before you think. Be prepared to optimize your hard work. BBM Rich Barkley is a financial advisor and investment representative for Prime Capital Investment Advisors (PCIA). Prior to joining PCIA, Rich was a small business owner in Boerne, TX. Rich uses his 16+ years of entrepreneurial experience to partner with high net worth individuals and business owners, providing customized financial solutions to their unique and specific financial goals. Rich received his Bachelor of Business Administration degree from Tarleton State University and holds multiple FINRA registrations, including FINRA Series 63, 66 and 7. He is also Life, Accident and Health insurance licensed in the state of Texas. Rich is also a registered representative with Private Client Services, Member FINRA/SIPC. Rich and his wife have lived in Boerne for 25 years, and now have two daughters. In his spare time, Rich enjoys exercising, spending time outdoors and supporting the Boerne community.
www.pciawealth.com
Committed to supporting the communities where we live and work. Sonora Bank knows the importance of giving back and bringing communities together during these ever changing times. We are proud to be able to give over a quarter of a million dollars to flood relief efforts, local organizations and charities over the past two years, while our employees spent over 3,600 hours volunteering in the communities where we live and work. When you need us the most, we are there. Through the SBA Payment Protection Program, we were able to fund 250 loans, totaling a little over $18.3 million and impacting 2,270 people.
Our local support is packaged in many different ways.
SonoraBank.com B O E RN E E A S T - 1 5 70 R i v e r R o ad | 8 3 0 - 3 3 1 - 8 3 0 0 B O E RN E W E S T - 1 2 2 We s t B and e r a | 8 3 0 - 3 3 1 - 9 1 1 8 B O E R N E | B U LV E R D E | W I M B E R L E Y | S A N A N G E LO | S O N O R A
(830) 816-2288
Judy Filingeri Owner Angela Turner Broker Carey Stewart Realtor Suzanne McGinnis Realtor Brette Nickelson Realtor boernebusinessmonthly.com
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