Business Brokers frequently double as business pundits. I see a real problem with business brokers and their valuations brigades it seems like a huge conflict of interest to me. Numerous times the business broker deals person is also a certified business annotator. But the job should be done by a CPA or anon-involved “Certified Business Appraiser” Fort Myers Business Broker and not the same Business Broker making the table for the trade of that business.
Other books on this subject I found relevant are:
“A CPAs Guide to Valuing a Nearly Held Business” by Gary Trugman.
“The Value Reporting Revolution Moving Beyond the Earnings Game” by Robert Eccles.
One should find it ironic that a deals man for a business broker company can tell a prospect anything he wants to and also in the purchase agreement and indeed the deposit agreement from the buyer have a clause in the contract that says commodity to the effect that you have done your due industriousness and nothing we’ve said verbally or in jotting was used to affect your decision. As a franchisor I take issue with these effects. You see these same business brokers have all kinds of web spots, which they charge franchisors to be on to vend their votes. Yet a franchisor can not do the same thing due to regulations, also the business brokers charge the franchisor one half the ballot figure for a commission.
Veritably questionable exertion as was also talked about in the Journal of Accountancy, not about votes but about real evaluations. I’ve seen accountant scholars sitting in Borders Café studying their rather large textbook books on the subject and also heard horror stories from bankers of under assessing businesses, business brokers under valuating when working for the dealer and over assessing when working for the buyer; all in order to secure the commission and make the trade. This kind of incitement yields abuses and cheating in the game. Also the real estate agent who hires an reviewer knows those who are heavy-handed observers and uses them to her advantage when demanded. The verity is anything is only worth what someone will pay you for it. Accountants, numerous of them are crooks out right, while numerous of them are simply doing business as usual while everyone differently pays for their little sins. All these people, humans who hold themselves out as professionals are simply doing what this species is veritably much known for; taking advantage of a situation for their own particular gain. We need to have acceptable rules which award honesty, but all we’ve is attorneys making rules? Suppose on this.