“An ounce of prevention is worth a pound of cure.”
One of the great privileges in my business career has been to serve for the past six years on the board of the Federal Reserve Bank of Atlanta, Jacksonville Branch.
In today’s business climate, business owners considering liquidity are facing challenging times in the marketplace. The reason: fewer buyers, with those active in the marketplace being more discerning in their acquisitions. In addition, businesses are receiving lower valuations compared to the historical values companies received a few years ago. And, it is most unlikely that high values will return to those record highs in the near future.
Opportunity knocks, but doesn’t always answer to its name. — Mason Cooley
“It is courage based on confidence, not daring, and it is confidence based on experience” -Dr. Jonas Salk
“The Constitution guarantees you the pursuit of happiness… but doesn’t guarantee to finance the chase.”
Our recent survey of Florida business revealed that many owners did not know the value of their businesses. This fact illustrates one of the major issues owners face in private companies – measuring performance.
The above quote is an understatement as it relates to the economy. The cloud of uncertainty continues to hang over us like a heavy fog. While we receive reports of an improving economy, the recent negative unemployment report provides us a mixed message. Many believe that the geopolitical issues are causing Americans to turn cautious.