Brown Bag Lunch - Value Acceleration
Location: Massachusetts School of Law at Andover, 500 Federal St, Andover, MA 01810
Topic: Value Acceleration - The Gas Pedal for the Value of Your Business
Consider the implications of the following statistics: 1) 63% of Private Business are owned by baby boomers. 2) Approximately 10,000 baby boomers are reaching retirement age each day. 3) 78% of business owners expect to fund 80% or more of their retirement through the sale of their business. 4) Only 20% to 30% of the businesses that go to market actually sell.
Attaining liquidity from your business and increasing business value are two topics that go hand in hand. Factors that increase business value often also increase the ease of selling the business. Even if your plan is to never sell, increasing profitability and liquidity will make planning easier.
Value Acceleration is a paradigm and business strategy that builds a comprehensive planning framework, implements a disciplined project management approach, and drives accountability into your business to accelerate its value. Insights from the methodology allow business owners in: 1) Setting clear personal, business, and financial goals; 2) Building an integrated plan to achieve those goals; 3) Creating a culture of accountability to execute value acceleration plans; and 4) Exploring future options for business owners individually and their businesses.
Bio: Cameron A., Scott, ASA - Manager, Valuation Services Group, BerryDunn, Portland, ME
A Manager in the Valuation Services Group, Cameron specializes in business valuation and litigation support for a variety of clients. He works closely with clients to understand their goals, the unique complexities of each business and situation, and identify their value drivers to put plans in place to maximize value.
Cameron performs business valuations and consulting services for a variety of purposes including, but not limited to, family law matters, estate and gift tax matters, shareholder litigation, business damages, transactions, succession and exit planning, and ESOPs. He also provides litigation support services to help clients with issues involving economic damages, including the determination of damages related to contracts, torts, infringement of intellectual property, and personal injury or wrongful termination.
Cameron holds an MBA and is an Accredited Senior Appraiser, as designated by the American Society of Appraisers in the Business Valuation Discipline. Additionally, he has passed Levels I and II of the Chartered Financial Analyst (CFA) Program. In 2017, he served as a member of the Expert Witness Faculty at the National Family Law Trial Institute. Cameron's designations and education enable him to help clients navigate complex situations and answer questions related to value, succession planning, and litigation.