About David Hern

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So far David Hern has created 10 blog entries.

If Your Path to Success Has You Borderline Insane, You’re on the Right Path

2020-09-10T19:09:17+00:00

Six 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 [...]

If Your Path to Success Has You Borderline Insane, You’re on the Right Path2020-09-10T19:09:17+00:00

An Unintended Consequence of PPP – The Sequel

2020-07-14T13:48:04+00:00

The 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 [...]

An Unintended Consequence of PPP – The Sequel2020-07-14T13:48:04+00:00

CARES Act May Increase Your Business Valuation

2020-07-14T13:48:03+00:00

When the CARES Act was enacted, all the buzz from main street was about stimulus checks as well as PPP forgivable loans. Now that things have somewhat stabilized in the markets, there are two important changes related to the CARES Act that could immediately impact your business valuation. NOLs When the Tax Cut and [...]

CARES Act May Increase Your Business Valuation2020-07-14T13:48:03+00:00

Grow My GA Business Program

2020-07-14T13:48:02+00:00

When 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 [...]

Grow My GA Business Program2020-07-14T13:48:02+00:00

The Most Unloved P&L Expense Line — Rent

2020-07-14T13:48:00+00:00

As 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 [...]

The Most Unloved P&L Expense Line — Rent2020-07-14T13:48:00+00:00

Business Valuation Insights

2020-07-14T13:47:59+00:00

Wondering 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 [...]

Business Valuation Insights2020-07-14T13:47:59+00:00

Does Your Valuation Tell a Story?

2020-07-14T13:47:58+00:00

Disclaimer - 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 [...]

Does Your Valuation Tell a Story?2020-07-14T13:47:58+00:00

An Unexpected Symptom of COVID-19 – Impairment Expense

2020-07-14T13:47:57+00:00

If 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 [...]

An Unexpected Symptom of COVID-19 – Impairment Expense2020-07-14T13:47:57+00:00

Are you selling your Financial Advisory Business for less than you could?

2020-07-14T13:47:56+00:00

Disclaimer - 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 [...]

Are you selling your Financial Advisory Business for less than you could?2020-07-14T13:47:56+00:00
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