I took the old 4-H methodology from the 1960’s, and added 40 years of owning businesses.
I leveraged INTANGIBLE ASSETS, EXPERIENCE, and ADHERENCE TO THE INCOME TAX ACT into the BUSINESS VALUATION INDUSTRY that was stuck in the 1970’s
I developed the unique, copyrighted, and proprietary Eric Jordan “25 Factors Affecting Business Valuation.”
The first target and test of my INTANGIBLE ASSET VALUATION methodology was in 2013 when I purchased 78 BITCOINS at $129 USD each and wrote my paper on value.
I can guarantee you no other business valuator in Canada did anything like that.
OUR CLIENTS SELL AT 100% VALUATION PRICE
We can show you client businesses being advertised right now on this website where one is expected to close July of 2024 at 100% of valuation price.
Wholesale Food Mfg Saskatoon
Another has an interested party and the client believes will close at 100% of valuation price before the end of 2024
Specialty Construction Business for sale.
Valuators, Business Brokers and Agents were busy with:Market Approach, Asset Approach, and Income Approach. (and still are)
(1) MARKET APPROACH: (UNETHICAL AT BEST)
They relied on (and still do) private sale price data where nobody ever confirms it the sale was made under duress; contrary to the legal definition of “FAIR MARKET VALUE.”
Fair Market Value Definition In Canada
"The highest price at which 100% of the tangible and intangible assets of an operating business would change hands between a willing buyer and seller, neither under compulsion to sell or to buy and both knowledgeable of relevant facts."
(2) ASSET APPROACH; (UNETHICAL AND LACKING)
The Valuators and Brokers and Agents almost always forget to count INTANGIBLE ASSETS; and we know from the OCEAN TOMO Report of 2020 that 90% of the S&P 500 index was made up of INTANGIBLE ASSETS.
(3) INCOME APPROACH (SMOKE AND MIRRORS WITHOUT A TESTED METHODOLOGY TO MEASURE THE INTANGIBLE ASSETS IN THE BUSINESS)
People who have a business for sale need to understand the CANADIAN, LEGAL, FAIR MARKET VALUE of their business including the INTANGIBLE ASSETS and they need to have a profile of the best buyer for the business, how to reach them, cost estimate and an estimate of time to get the deal closed.
(ONE) Have an Eric Jordan “25 Factors Affecting Business Valuation.”
(TWO) Marketing is important and business for sale.com is a great platform to find a buyer for a small business.
(THREE) Explain my valuation in great detail to anyone interested in your business.
(FOUR) You MUST have a specialized legal team to help you get this deal closed. A specialized and competent legal team is far superior to and respected more than agents and brokers. I have competent legal teams I can recommend.
Total cost for me to do the Business Valuation AND explain it to interested buyers would be in the $8,000 Range.
Pay $1000 to $2,000 to Business for sale for marketing.
Pay your legal fees to a competent law firm.
TENS of thousands less than the commission that others want without a valuation reaching Canadian “Fair Market Value” legal definition.
4-H Taught me that experience is essential.
Experience is crucial in careers that affect lives, such as:
Airline Pilots require over a decade of hands-on experience.
Surgeons require over a decade of hands-on experience.
Art Restoration Experts require decades of experience to protect valuable investments.
Business Valuation: Similarly requires significant “intangible asset” experience to ensure accurate valuations and explanations so that “fair market value” sales can happen.
Someone with 10+ years of relevant business owner operator experience could qualify and could reach a good income level after 6 months of training. WHY? Because they have the decade of hands on owner operator experience dealing with intangible assets that make up the MAJORITY of the assets that need to be recognized and valued. Accountants lack this critical experience on the largest asset base in a business.
Business Valuation and Explanation Career is a specialized business career.
There is a 5 year shortcut for a college graduate or high school graduate. You would need to make an arrangement where a family member or friend of the family would allow you to work at least 60% of full time hours in the management end of their business. This is so you can learn about the INTANGIBLE ASSETS within the business and gain hands on experience in dealing with intangibles. This is a huge favour the business owner would be making for you so don’t expect anything over minimum. In fact your family might have to pay the business owner something to have you on the payroll. But you cannot work in our system without experience.
Our training is about Intangible Assets, Fair Market Value, Understanding and Identifying Special Interest Purchasers and how to reach them and at what Cost and Time Frame. Income expectations $100K per year on 3 jobs a month.
TRAINING REQUIRES A $5,000 DEPOSIT.
