About David Hern

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So far David Hern has created 7 blog entries.

The Most Unloved P&L Expense Line — Rent

2020-05-26T16:25:33+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 — Rent 2020-05-26T16:25:33+00:00

Business Valuation Insights

2020-05-05T14:06:09+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 a [...]

Business Valuation Insights 2020-05-05T14:06:09+00:00

Does Your Valuation Tell a Story?

2020-05-05T14:06:08+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 of [...]

Does Your Valuation Tell a Story? 2020-05-05T14:06:08+00:00

An Unexpected Symptom of COVID-19 – Impairment Expense

2020-05-05T14:06:07+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 Expense 2020-05-05T14:06:07+00:00

Benefits of Performing a Business Valuation

2020-04-22T21:44:43+00:00

Disclaimer - Opinions expressed are solely my own and do not express the views or opinions of my employer. The majority of closely-held business owners I meet typically fall in 2 camps when asked what their business is worth. The first group falls in the 'I don't know' camp due to a variety of reasons [...]

Benefits of Performing a Business Valuation 2020-04-22T21:44:43+00:00

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

2020-04-22T21:44:42+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? 2020-04-22T21:44:42+00:00

An Unintended Consequence of PPP – The Sequel

2020-04-23T23:13:13+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 Sequel 2020-04-23T23:13:13+00:00