January 20, 2020

How an Accountant Cost 25% of the Value of the Business to Disappear

A language training business with multiple locations loses 25% in value when they don’t account for revenue and expense, including cost of sales, separately. A plumbing business fails to report operating income accurately which results in a post-sale legal battle with the buyer. A custom wood furniture business owner raises his asking price with two buyers already at the table, and continues to increase his sales to meet the value for that price. Custom upholstery business owner has an overwhelming level of data which results in a smooth sale and few challenges.

Steven Fylypchuk
Murphy Business Sales
Calgary, Alberta, Canada
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Podcast: Play in new window | Download (Duration: 45:37 — 41.8MB)