By MarksNelson on January 19, 2018For many business owners, building their successful businesses began by accurately determining what they had. Whether their businesses provide products, services, or ideas, the success they experienced didn’t come to them blindly. It likely took years of refinement, study, and analysis to figure out the best way to establish and deliver the thing that makes the business successful. The same is true when discussing business exits.
By MarksNelson on January 9, 2018With the new year upon us, many people have begun their journeys to fulfill their New Year’s resolutions. For business owners, it’s no different. Between creating goals for the business to achieve and assuring that the business keeps growing, owners will have much to consider this year.
By MarksNelson on January 4, 2018The required rate of return is just one of many components used in the calculations used in corporate finance and equity valuation. It goes beyond identifying the return of the investment, and factors in risk as one of the essential considerations in determining potential return.
By MarksNelson on November 30, 2017We often hear owners say they want to transfer their businesses to third-party buyers when they first encounter the concept of Exit Planning. However, we’ve observed that in many completed Exit Plans, owners actually choose to transfer their businesses to employees. Some reasons for this decision include employees knowing the culture and values of the business, a desire to keep the business with people the owner knows and trusts, and employees’ inherent desire and commitment to grow the business.
By MarksNelson on November 14, 2017For some business owners, a third-party sale is their best option for a successful business exit. Third-party sales are popular because owners often believe they can get the most money from their businesses in as little time as possible from a third-party buyer. They might be right. But what they may not consider is how little control they have over their businesses, their schedules, and even their futures once the third-party sale process begins.
By MarksNelson on October 25, 2017It’s likely that few people, if any, have ever told you, “You need to make yourself less important,” regarding your business. But sophisticated buyers look for businesses that can operate without their owners. Unless your exit planning goal is to sell or transfer your business, and then stay with the business as a subordinate to assure a smooth transition, you’ll need to train a management staff that can run the business without you.
By MarksNelson on October 20, 2017Since Mark Radetic joined accounting firm MarksNelson LLC in 2003, it has grown from 30 employees generating $3 million a year to a 160-person business generating $23 million. Radetic is managing partner of the Kansas City operation, helping it develop a reputation as a highly skilled, independent accounting firm serving middle-market entrepreneurs. He’s a 34-year industry veteran who helped MarksNelson implement a growth plan that would enable it to avoid getting gobbled up by larger competitors yet buy out a slew of older partners nearing retirement. And it’s working: The company grew more than 40 percent in 2016, with organic growth accounting for 22 percent and the acquisition of Marsh & Co. in Overland Park the rest.
There is no substitute for personal attention. It enables us to truly connect, so we can understand your perspective, anticipate your needs and provide the best solutions. That means real conversations, not impersonal emails.
At MarksNelson, we think curiosity is a virtue. After all, any accountant can focus on your numbers. We get down to business by first learning yours, inside and out. Our associates work to understand not only what you do, but why you do it.
The team at MarksNelson believes that the smallest point can be just as important as your biggest line item. Our goal is to deliver a quality product, prepared with great attention to detail and accuracy. Whatever industry you are in.
We work to be vigilant with everything we do. But why? The truth is... every firm says they will put you first. MarksNelson does more, by keeping on track and informed. We want to collaborate with you to provide you with the solutions that you need.
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