Today we have the opportunity to interview Rick Adamy, a CPA and the founder of Adamy Valuation Advisors. In this interview, Mr. Adamy gives us an overview of several very important topics, including: valuations, equity value, working capital adjustments, earnouts, enterprise value, private equity groups and a venture capital groups. If your primary goal is simply to get the best price, watch two things: market multiples and what’s going on in your industry. Published data on market multiples show history and current levels. The market is strong right now, recovering from the low point following the recession.
Key Points from our Conversation
- Selling what might be your most valuable investment dictates a good business appraisal.
- Work with your appraiser or other advisors to get the business “dressed up for sale.”
- Start early. One of the biggest mistakes is to decide today that you need a deal done in few months.
- If your primary goal is simply to get the best price, watch two things: market multiples and what’s going on in your industry.