“WHY” Takes Work
Empathy, Sincerity, Passion, Discipline, Drive. When asked to describe my first true mentor in the wake of his untimely passing, these were the words that immediately came to mind. They came to mind not because he told me that he aspired to be those things, not because they were listed on his Linkedin profile as “Skills & Endorsements,” but because of the way he lived his life. The 5:30am training sessions in high school, his…
You’re Not Worth as much as you think
Scott Steele, Contributor, Sr. Consultant, Raymond James Financial Services, Inc. As part of our advising on acquisitions, practice valuation is a core part of our offering and an area that consistently draws high interest from advisors. Even though there are numerous articles citing common valuation multiples for practices, there are many advisors that come back disappointed in the valuation number that they receive. They can’t necessarily make a great argument as to why that valuation…