After a summer of widespread flight delays and cancellations, the airline industry may soon have to answer for the chaos its caused consumers. The U.S. Department of Transportation has promised stern action if travel conditions do not improve. But for… Continue Reading  

Current macroeconomic factors such as sluggish economic growth, increasing inflation, geopolitical events and some continued disruption from COVID are becoming increasingly challenging for many US companies. These factors are significantly impacting the US economic climate and current state of the… Continue Reading  

It has been seven years since the City of Detroit emerged from the largest municipal bankruptcy in the history of the United States. The bankruptcy allowed Detroit to come out leaner by shedding $7 billion in debt.  COVID-19 and the… Continue Reading  

The COVID-19 pandemic has ravaged the nation’s retail industry. During the national lockdown, at least 630,000 non-essential retail outlets were forced to close.[1] Many well-known department stores declared bankruptcy due to their unsustainable levels of debt entering the pandemic. Unfortunately,… Continue Reading  

One of the most frequently encountered adjustments in business valuation is the normalization of owner’s compensation. The purpose of normalizing a business’ financial position and results of operations is not to restate the financial statements, but to help the valuator… Continue Reading  

A question that I am often asked by business owners needing a business valuation is: “Do I need a valuation expert with experience in valuing businesses in my specific industry?” In most cases the answer is no. Business valuation experts… Continue Reading