Everyone,
This has been great reading and given me a lot to think about. I am currently on vacation but before I left I asked the owner to go back and really think what his company is worth without me there and I told him this at the most would bee the starting point for our negotiations. I...
Not drinking my own bathwater on that one.
My two key clients will follow since I had them at my last company, and brought them over here. The other clients who like me because I keep their projects rolling can stay over here, but since their current tasks are engineering based they will need...
Everyone's advice is spot on. I am pretty reluctant to invest money with someone just because they think they are worth it. Hell if that was the case then someone should just give me $3.5 million because I think I am worth it.
I am starting to put together the information costs for me to set...
That is what we are talking about, we do not have a non-compete and the owner himself is a scientist and not an engineer, so in order for the projects at our company to be completed engineers are needed, and the engineering projects we have were based on the engineers getting the projects and...
That is where I am leaning towards, after talking with the other senior employee this morning. The other senior said he was offered to buy in for 2.5% for a price of 30k. The whole deal seems somewhat risky to try and strong arm the two engineers that are registered on the corporate licenses in...
Yea, it is hard not to be personal about it, when someone owns something they often see it as more valuable as it often is. I tried discussing it with him more this evening but he still thinks that the company is worth over $1mil when in the past 5 years it has never earned more than $67k in...
IRstuff,
Thanks that is what I was meaning to say there is a fair amount of risk in small business so the ROI needs to be commensurate with that risk along with the knowledge that it is not guaranteed.
I will be talking with the owner more tomorrow and will request that an independent...
Would the price be the same to someone else? It seems like a risky investment for an outside person to come in and put money into something that relies on one person to make up a large portion of the investment income.
Sort of like buying investment property, buy a single family house for...
Everyone,
Thank you for the solid advice and information. I will ask for an independent audit to be performed since it seems some of the numbers are not matching up. I understand wanting to maximize the price of an item I am selling and wanting to minimize the price of something I am buying...
The valuation of the assets/infrastructure was shown to me to be minimal by the owner and the corporate accountant since all items have aged and been fully depreciated. I understand the start up cost would be high. My income would stay similar to my current income since I took a discount to...
Hi there all,
Just wanted to get some views from other on a question I have. I work for a small civil/environmental firm with 4 full time professionals, 1 part time field tech and 1 office admin. I have been here about 1 year. When I was asked to come work here I as asked to help straighten...
