Business valuation is the process of determining the economic value of a business or company. It is a key component of various scenarios, such as selling a business, obtaining an investment, merging, or strategic planning, and is critical for decision-making in these scenarios. However, business valuation is not a one-size-fits-all process and is significantly influenced...Read More

Imagine spending decades building a thriving business, only to watch it falter due to poor succession planning. This is the reality of countless companies that ignore succession planning, rather than a hypothetical situation. Succession planning is a strategic process that identifies, develops, and transitions leadership to ensure business continuity and stability. Solid succession planning can...Read More

When managing both a family business and growing family wealth becomes increasingly complex, a family office can offer a centralized solution. These offices serve as the bridge between responsible wealth management and healthy family dynamics, ensuring that personal and financial goals align across generations. Understanding Family Office Costs  Operating a family office requires robust accounting...Read More

Business valuation serves as a critical component in mergers, acquisitions, investments, and financial planning, which is paramount for business owners and stakeholders alike. Business valuation helps determine the economic value of business ownership interests, significantly impacting negotiations, transactions, and planning. There are many ways to value a business based on distinct objectives and circumstances. The...Read More

When contemplating stepping back from your business, you will face the critical decision of selling outright or transitioning leadership over time. Each path offers unique benefits and challenges, so it’s crucial to choose the right exit path for your business when planning an exit strategy. Let’s delve into the strategies of selling vs. transitioning to...Read More

At Quest, we’re always excited when our team members get the chance to share their expertise and insights with a broader audience. Recently, Dale Gillmore joined Michael Reddington on the I See What You’re Saying podcast for a deep dive into the complex yet rewarding world of succession planning and value-driven business decisions. As a...Read More

Today, many small to mid-sized businesses, startups, and executives are turning towards fractional CFOs for financial insight and expertise. A fractional CFO is a seasoned financial expert working part-time without the cost of a full-time role. These professionals provide strategic financial services tailored to your company’s needs, such as financial planning, risk management, growth strategies,...Read More

As a business owner contemplating an exit, your ultimate goal is to maximize the value of your business to attract quality buyers and secure rewarding deals. Exit planning is crucial to achieving a successful business sale. Successfully exiting and selling your business to maximize value isn’t just about financials; it includes operational, strategic, and market...Read More

Mergers and Acquisitions (M&A) are an increasingly important strategic tool for business growth and transformation in today’s business landscape. As a prospective buyer, understanding the complexities and nuances of the M&A process is critical to success. Bain & Company predicts global overall deal value will reach $3.5 trillion in 2024, underscoring the increasing importance of...Read More

While a succession plan is an important and pressing priority, few businesses have an effective succession outlined. So how do you develop a successful business succession plan? Firstly, let’s briefly define a business succession plan. In short, a succession plan is a strategic roadmap for succession to ensure smooth transitions in critical roles within the...Read More