Morgan & Westfield Deal Talk
Today we are interviewing Mr. Philip Reynolds, the owner of First State Valuation Services. Mr. Reynolds has valued companies in various states, including California, Delaware, Georgia, Maryland, Mississippi, Missouri, New York, North Carolina, Pennsylvania, Virginia, and the District of Columbia. In this interview, Mr. Reynolds explains working capital adjustments, equity and enterprise value, buy-sell agreements and how business owners can get a premium value.
Key Points from Our Conversation
"The value of a business is equal to the value of the cash flows expected to be generated by the business discounted at a rate sufficient to justify the risk involved in generating those cash flows."
"In addition to knowing how to value a business, qualified business appraisers also know what gives value to the business, so they can suggest what actions to take to increase the value of your...