Professional practices are valued based on intangible assets instead of tangible assets. Therefore, their value tends to be very dependent on earning capacity. Income Approach to valuation is based on two main inputs: Anticipated future cash flows available to owners derived from company assets (goodwill) The risk associated with generating those cash flows (discount rate)
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Throughout our years of practice, it has become increasingly clear that the driving desire from our clients, is to take care of their families. As an estate planning attorney, you have the unique task of helping them do just that, using your knowledge and experience. Although it may seem obvious, not all clients realize that
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Being able to unlock your firm’s and your own full potential may be a challenge. At times we get comfortable in the way we are doing things and may not be open to opportunities that are present. Unfortunately, we get busy and “good enough” becomes the standard as running our practices and “getting the next
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Blue Ocean Strategy calls you to rethink the “function-emotional orientation” of your industry and pushes you to make a strategic shift to redefine your clients, to shape trends, and to be a pioneer so you can offer unprecedented value. This all sounds rather disruptive does it not? Disruption is something we tend to avoid. We
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