A Business Appraisal Today Facilitates Long-Term Benefit To Any Company

Any business that desires growth, profitability, and increasing value over the long term is in for some good news. There are simple but powerful steps that can be taken today to accomplish such company goals. This critical step is obtaining a professionally prepared business appraisal (B.A.). A business appraisal establishes the fair market value of the business, which puts the business owner in a powerful strategic and decision-making position.

Obtaining a (B.A.). on your organization encompasses more than knowing the value for the sale of the company. An appraisal of the business is important to proactively plan for retirement, exit strategies, and financing of an organization. Additionally, the detailed financial and analytical information outlined in such company appraisals offer the company owner valuable insight into the strengths and weaknesses of the business. This valuable knowledge allows the owner to more effectively assess what changes need to be made for the short-term and long-term of the organization at hand.

A professional firm who specializes in the preparation of (B.A.) will assess the financial documentation of the company. The (B.A.) will evaluate and document assets, liabilities and intangibles. Intangibles include items such as copyrights, trademarks, good will and patents.

The final (B.A.) will provide a comprehensive and objective analysis of the company, while also providing crucial information to the business owner to formulate new company initiatives and make decisions regarding the future of the organization. With such information, new short-term and long-term strategies can be implemented to facilitate sustainable growth and sound financial decision-making.

Completing a (B.A.) today, far before the potential sale of a business, offers more time, options and flexibility to the business owner to aid in making decisions and implementing new strategies. Confidently moving forward with such internal changes will help increase growth, while creating new financing options with more offers to buy the company. Additionally, market shares and differentiation from competitors can be affected in positive ways by using the information contained in the (B.A.).

The overwhelming long-term benefit to completing a (B.A.) now affects not only the future of the business, but that of the owner as well. Having a lot more options and being able to retire early or sell for a sizable profit are all important reasons to get an appraisal of the business and act on the powerful information to sustain and expand the business over the long-term.

How Much Greece Default or Denial Exists Inside Your Company?

When leaders really know they are being lied to, why don’t they call the lie? Why do they allow excuses and symptom discussions to prevent addressing the clearly visible problems that need to be faced?

Look at Greece and the New York Times article on the ongoing lies about Greek financial results titled The Denials That Trapped Greece. If Greek politicians were CEOs or C Level executives lobbying to hide and water down disclosure, the press would be up in arms and there already would have been scores of lawsuits filed.

The article stated that the International Monetary Fund (IMF) fairly easily found most of the truth about Greece several years ago and was going to issue an accurate factual report, while there was still plenty of time to have done something to face up to the issues and admit that Greece had a problem. After political pressure, a watered down report was issued and political leaders kicked the can down the road hoping it would explode on someone else.

Why did all the players underestimate dangers that seem obvious in hindsight? And how could they have continued to mislead the world, instead of fixing the issue? You probably believed those leaders who said they were willing to eat their peas.

Now convert what you probably are calling reprehensible leadership into your industry, even your company. Ask and truthfully answer the following question. Why are executives ignoring major risks or issues that can cost them their companies?

Answers may include comments like the following points.

It is the economy, stupid! Executive plates (at the top and middle levels) are full after downsizing and turnover. The general consensus is that they have no time to address or take on any more issues.

Beware of the Ides of March. Some leaders admitted that they are wary of the political climate of their companies and are unwilling to take on issues that are politically loaded. In a nutshell, job security is the top priority for everyone.

Accountability is a loaded gun. Many executives admit that it’s one thing to bring to light the major issues or risks the company is facing. But it is a whole new ball game taking responsibility to solve the problems. The modus operandi seems to be, Not on my watch.

What additional points would you make based on what you have seen in your experience? Which of those avoidance techniques have you seen recently, even in your own company? What blind spots should be clearly visible if someone, anyone would step up to the plate to answer them?

Greece has been around for thousands of years. It will survive as a country. A lot of bondholders will get badly burned. A lot of Greeks will lose jobs, have their quality of live dramatically reduced, and there will be more riots.

Yet who will bail out Acme Manufacturing or your company here in the United States? No one will. Maybe you need to step up to the plate or get an independent outsider to come in and tell the truth while you still have enough time to solve the problems most of you are just hoping will go away until someone else has to solve them.

Bottom line? – Find Your Million Dollar Blind Spot Opportunities to Accelerate Correct Fiscal Leadership Decisions!

Nurture Financials – Avoid Disaster! Helping your company become fiscally fit and make you more money. THE NUMBERS WILL NOT SCARE YOU WHEN YOU LEARN TO apply this information to improve your fiscal management, profitability, re-engineer business models, and strengthen or gain competitive advantage in the marketplace.