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David Hern2021-06-12T19:49:11+00:00Vision without traction is merely hallucination. -Gino Wickman
An Unintended Consequence of PPP – The Sequel
David Hern2020-07-21T10:12:46+00:00The Paycheck Protection Program ("PPP") Round 2 stands to be approved Thursday after the House pass and President signs. It is interesting in that it added an additional $321.3 billion to the pot AND authorization for an additional $310 billion. Supposedly this is to be allocated $250 billion to all institutions and $60 billion to [...]
Grow My GA Business Program
David Hern2020-07-21T10:12:45+00:00When you listen to the audio clip at the top of this post, you’ll hear what listeners to the radio station, Q99-7, heard every hour on the hour on Saturday, June 6th. We gained this exposure through Cumulus Atlanta’s Grow My GA Business program. Cumulus Media is an audio-based media and entertainment [...]
Founder Spotlight
David Hern2020-07-21T10:12:44+00:00Founder, David Hern was interviewed by Voyage Atlanta as part of their Hidden Gems series in the Norcross collection. Thanks to Voyage Atlanta for spotlighting David and Sofer™ Advisors. http://voyageatl.com/interview/meet-david-hern-sofer-advisors-llc/
The Most Unloved P&L Expense Line — Rent
David Hern2020-07-21T10:12:43+00:00As is the experience of many valuation analysts, clients are typically unfamiliar with the language and mechanics of corporate finance as it relates to business valuation or business brokerage. For these equity owners, it is best to define valuation as a simple algebraic expression that they can easily digest. Market Value = Multiple x Financial [...]
Business Valuation Insights
David Hern2020-07-21T10:12:42+00:00Wondering about how much your business is worth? David Hern, Founder of Sofer™ Advisors, LLC sat down for a radio interview with The Business Hour. Mr. Hern business valuation expert talked extensively about the importance of determining financial value when it comes to buying or selling a business as well as other events requiring a [...]
If Your Path to Success Has You Borderline Insane, You’re on the Right Path
David Hern2020-07-21T10:12:41+00:00Six weeks ago, I was inspired by Chris Sacca who wrote what could have been an autobiographical account of my journey into entrepreneurship. Significant portions of this post are attributable to his words, but I have customized them for my experience into entrepreneurship. I have been working on a remote, fully distributed, basis since leaving [...]
Does Your Valuation Tell a Story?
David Hern2020-07-21T10:12:40+00:00Disclaimer - Opinions expressed are solely my own and do not express the views or opinions of my employer. If after reviewing your valuation and all you have is a collection of numbers in a spreadsheet, you do not have a valuation at all. At that point you simply have a model's output calculations [...]
An Unexpected Symptom of COVID-19 – Impairment Expense
David Hern2020-07-21T10:12:39+00:00If you haven’t heard of COVID-19 or Coronavirus (or as my 6 year old refers to it, the ball with red broccoli on it), then you’ve been living under a rock. However, regardless of your quarantine efforts, your business is experiencing a severe coronavirus symptom that could have a major impact on your 2020 financials [...]
Are you selling your Financial Advisory Business for less than you could?
David Hern2020-07-21T10:12:38+00:00Disclaimer - Opinions expressed are solely my own and do not express the views or opinions of my employer. Too many financial planners and other personal finance advisers fail to get the best value on businesses that they may have spent decades building up. Here are some thoughts on how to avoid joining them. Timing [...]