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Business Valuation San Antonio: Your Guide to Accurate Company Pricing
Introduction:
Are you considering selling your San Antonio business? Planning a merger or acquisition? Need funding from investors? Understanding the true worth of your company is paramount to making informed decisions and achieving your financial goals. This comprehensive guide dives deep into the world of business valuation in San Antonio, TX, providing you with the knowledge and resources you need to navigate this crucial process. We'll explore different valuation methods, factors influencing value, choosing the right appraiser, and much more. Whether you're a seasoned entrepreneur or just starting out, this guide will equip you with the confidence to accurately assess and leverage your business's value.
Understanding Business Valuation in San Antonio
Business valuation isn't a simple formula; it's a complex process requiring expertise and a nuanced understanding of your specific industry and market conditions in San Antonio. The value of your business isn't just about the numbers on your financial statements; it's a reflection of its future earning potential, market position, and overall health. Several crucial aspects influence your business valuation:
1. Industry Specifics: The San Antonio economy is diverse, encompassing sectors like healthcare, technology, hospitality, and manufacturing. Your business's industry plays a major role in its valuation. A tech startup in the burgeoning San Antonio tech scene will be valued differently than a long-established restaurant in the city's historic Pearl District. Industry benchmarks and comparable company analyses are vital in determining accurate valuation.
2. Market Conditions: The overall economic climate of San Antonio and the nation greatly affects business valuations. Factors such as interest rates, inflation, and consumer confidence all play a role. A strong local economy will generally yield higher valuations than a sluggish one. Understanding current market trends in San Antonio is crucial for accurate assessment.
3. Financial Performance: Your business's historical financial performance—revenue, profitability, cash flow—is a cornerstone of any valuation. Consistent growth, strong profitability, and healthy cash flow are all indicators of a higher valuation. Detailed financial statements, including income statements, balance sheets, and cash flow statements, are essential for any valuation process.
4. Assets and Liabilities: The tangible and intangible assets of your business significantly influence its value. Tangible assets include property, equipment, and inventory. Intangible assets, such as brand reputation, intellectual property, and customer relationships, are often more challenging to quantify but equally important. A thorough inventory and assessment of all assets and liabilities are necessary.
5. Growth Potential: Investors and buyers are keenly interested in a business's future prospects. A business with a strong track record and demonstrable growth potential will command a higher valuation. Market research, strategic plans, and projections for future growth are critical elements of the valuation process.
Choosing the Right Business Valuation Method
Several methods are employed to determine business value. The best approach often involves a combination of methods to provide a comprehensive assessment:
Asset-Based Approach: This method focuses on the net asset value of the business, calculating the difference between the fair market value of its assets and its liabilities. This is often used for companies with significant tangible assets.
Income-Based Approach: This approach estimates value based on the business's projected future earnings. Discounted cash flow (DCF) analysis is a common income-based method, projecting future cash flows and discounting them back to their present value.
Market-Based Approach: This method compares your business to similar businesses that have recently been sold in the San Antonio market. Finding truly comparable businesses can be challenging, but it provides valuable market context.
The selection of the appropriate valuation method(s) depends on several factors including the nature of the business, its stage of development, and the purpose of the valuation.
Finding a Qualified Business Valuation Expert in San Antonio
Selecting a reputable business valuation professional in San Antonio is crucial for ensuring an accurate and reliable assessment. Look for professionals with:
Relevant certifications: Seek out appraisers with credentials such as Certified Business Appraiser (CBA) or Accredited Senior Appraiser (ASA).
Industry experience: Choose an appraiser with experience in your specific industry, as this provides valuable context.
Proven track record: Review the appraiser's past work and client testimonials to assess their expertise and reputation.
Transparency and communication: A good appraiser will communicate clearly and transparently throughout the valuation process, explaining their methodology and findings in detail.
The Importance of Due Diligence
Thorough due diligence is essential before any significant business transaction. This involves a comprehensive review of the business's financial records, legal documents, and operational aspects. Identifying and addressing any potential risks or liabilities before the transaction is crucial.
Preparing for the Valuation Process
To ensure a smooth and efficient valuation process, prepare the following:
Comprehensive financial statements: Gather at least three years of audited financial statements.
Detailed business plan: Present a clear outline of your business strategy and future projections.
Legal documentation: Provide all relevant legal documents, including contracts, licenses, and permits.
Operational information: Offer information on key personnel, processes, and technologies.
Conclusion
Accurate business valuation is crucial for success in any business transaction. By understanding the different valuation methods, factors impacting value, and the importance of choosing the right professional in San Antonio, you can make informed decisions and achieve your financial goals. Remember, seeking professional guidance is always recommended to ensure a thorough and accurate assessment of your business's worth.
Article Outline: Business Valuation San Antonio
I. Introduction: Hook, overview of the guide's content.
II. Understanding Business Valuation in San Antonio: Industry specifics, market conditions, financial performance, assets & liabilities, growth potential.
III. Choosing the Right Business Valuation Method: Asset-based, income-based, market-based approaches.
IV. Finding a Qualified Business Valuation Expert in San Antonio: Certifications, experience, track record, communication.
V. The Importance of Due Diligence: Comprehensive review of business aspects.
VI. Preparing for the Valuation Process: Financial statements, business plan, legal documents, operational information.
VII. Conclusion: Recap of key points and call to action.
VIII. FAQs: Nine frequently asked questions about business valuation in San Antonio.
IX. Related Articles: Nine related articles with brief descriptions.
(The content above fulfills points I-VII of the outline.)
VIII. FAQs:
1. What is the average cost of a business valuation in San Antonio? The cost varies depending on the complexity of the business and the valuation method used. Expect to pay anywhere from a few thousand to tens of thousands of dollars.
2. How long does a business valuation take? The timeline depends on the size and complexity of the business, typically ranging from a few weeks to several months.
3. Do I need a lawyer involved in the business valuation process? While not always required, legal counsel is highly recommended, particularly for complex transactions.
4. What if I disagree with the valuation? You can seek a second opinion from another qualified appraiser.
5. What are the different types of business valuations? The primary types are asset-based, income-based, and market-based valuations. Often, a combination is utilized.
6. How does a business valuation affect my taxes? The valuation can impact capital gains taxes if you sell your business. Consult a tax professional for specific advice.
7. What is the difference between a business appraisal and a business valuation? While often used interchangeably, a business appraisal is typically more formal and may be required for legal or financial purposes, often involving a detailed report for litigation or financial institutions. A business valuation can be less formal, serving as an internal assessment.
8. Can I perform my own business valuation? While you can gather data and conduct preliminary research, professional valuation expertise is essential for accuracy and legal defensibility.
9. What factors influence the value of a service-based business in San Antonio? For service-based businesses, factors like client contracts, recurring revenue, and the experience and expertise of the owner significantly influence valuation.
IX. Related Articles:
1. Selling Your Business in San Antonio: A guide to the process of selling a business in San Antonio, including marketing, negotiations, and legal considerations.
2. San Antonio Business Acquisition Strategies: Exploring different approaches to acquiring businesses in the San Antonio market.
3. Raising Capital for Your San Antonio Business: Strategies for securing funding from investors, banks, or other sources.
4. Understanding Goodwill in Business Valuation: Explaining the concept of goodwill and how it impacts business value.
5. Mergers and Acquisitions in the San Antonio Area: Overview of the M&A landscape in San Antonio and the implications for business valuations.
6. Tax Implications of Business Sales in Texas: A discussion of the tax consequences of selling a business in Texas.
7. Business Succession Planning for San Antonio Businesses: Strategies for planning for the future ownership and transfer of a business.
8. The Role of Intellectual Property in Business Valuation: How patents, trademarks, and copyrights affect the value of a company.
9. Choosing the Right Business Broker in San Antonio: Tips on finding a qualified business broker to assist with the sale of your business.
| business valuation san antonio: Business Valuation and Taxes David Laro, Shannon P. Pratt, 2005-04-22 Disputes over valuation issues fill the court's dockets and for good reason, fair market valuations are required frequently by the law. The authors believe that approximately 243 sections of the Code and several thousand references in the Regulations explicitly require fair market value determination. Consequently, taxpayers file an estimated 15 million tax returns each year reporting an event involving a valuation related issue. It is no mystery, therefore, why valuation cases are ubiquitous. Today, valuation is an important and highly sophisticated process. Valuators need legitimate guidance to perform their work. The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them. This unprecedented text provides: Clear guidance and perspective on business valuation from two of the nation’s top authorities, Hon. David Laro and Dr Shannon Pratt. Insightful perspective and discussion on critical issues, procedures and law pertaining to business valuation. An overview of business valuation procedures Law and techniques of Fair Market Value Opinion from the Hon. David Laro and Dr. Shannon Pratt who express their unique and critical views. The business valuer with everything from the basics to the sophisticated. From definitions to valuing complex business interests, what you need to know about business valuation. Everything from empirical market evidence to credible expert business valuation testimony discussed and analyzed by the Hon. David Laro and Dr. Shannon Pratt. |
| business valuation san antonio: Financial Institutions, Valuations, Mergers, and Acquisitions Zabihollah Rezaee, 2004-03-29 THE DEFINITIVE GUIDE TO NAVIGATING TODAY'S FINANCIAL SERVICES INDUSTRY From one-stop shopping for financial services to major structural shifts within the industry, rapid changes in information technology, trends toward business combinations, statutory laws, and global competition have contributed to breaking down the geographic and product barriers that once separated traditional financial institutions from other financial entities. This complete authoritative resource is designed for all financial professionals involved in business valuations, mergers, and acquisitions, and includes: * How operations are regulated * How organizations are valued and why they merge * Related accounting standards * Merger and acquisition processes * The Gramm-Leach-Bliley Financial Modernization Act of 1999 * Target bank analysis and tax requirements . . . and much more. Written by an expert in the field, Financial Institutions, Valuations, Mergers, and Acquisitions is an essential tool for keeping up with the increasing and crucial changes in the financial services industry. |
| business valuation san antonio: Equity Markets, Valuation, and Analysis H. Kent Baker, Greg Filbeck, Halil Kiymaz, 2020-09-01 Sharpen your understanding of the financial markets with this incisive volume Equity Markets, Valuation, and Analysis brings together many of the leading practitioner and academic voices in finance to produce a comprehensive and empirical examination of equity markets. Masterfully written and edited by experts in the field, Equity Markets, Valuation, and Analysis introduces the basic concepts and applications that govern the area before moving on to increasingly intricate treatments of sub-fields and market trends. The book includes in-depth coverage of subjects including: · The latest trends and research from across the globe · The controversial issues facing the field of valuation and the future outlook for the field · Empirical evidence and research on equity markets · How investment professionals analyze and manage equity portfolios This book balances its comprehensive discussion of the empirical foundations of equity markets with the perspectives of financial experts. It is ideal for professional investors, financial analysts, and undergraduate and graduate students in finance. |
| business valuation san antonio: Valuation of Equity Securities Geoffrey Poitras, 2010-06-30 Provides a treatment of academic and practitioner approaches to equity security valuation. This book challenges conventional academic wisdom surrounding the ergodic properties of stochastic processes, guided by historical and philosophical insights. It presents the implications of a general stochastic interpretation of equity security valuation. |
| business valuation san antonio: Financial Services Firms Zabihollah Rezaee, 2011-06-09 Indispensable coverage of new federal regulatory reforms and federal financial issues An essential guide covering new federal regulatory reforms and federal financial issues Financial Institutions, Valuations, Mergers and Acquisitions, Third Edition presents a new regulatory framework for financial institutions in the post-bailout era. Provides valuable guidance to assess risks, measure performance and conduct valuations processes to create shareholder value Covers the protection of other stakeholders, including customers, regulators, government, and consumers Offers an up-to-date understanding of financial institutions, their challenges, and their opportunities in the post-Sarbanes-Oxley era Over the past decade, substantial changes have taken place in the structure and range of products and services provided by the financial services industry. Get current coverage of these changes that have transformed both traditional organizations such as banks, thrifts, and insurance companies, as well as securities providers, asset management companies and financial holding companies with the up-to-the-minute coverage found in Financial Institutions, Valuations, Mergers and Acquisitions, Third Edition. |
| business valuation san antonio: Essays in Honor of William N. Kinnard, Jr. C.F. Sirmans, Elaine Worzala, 2012-12-06 The first section of the book contains seven original essays, arranged in order to coincide with Bill's (chronological) professional career. These essays cover a wide variety of real estate topics, including valuation theory, definition of market value, market analysis, the appraisal process, role of the appraiser as an expert witness, valuation under environmental contamination, and international real estate issues. The second section of the book reprints eleven of Bill's most influential papers, selected with the help of forty of his colleagues. These articles, written by Bill and various co-authors, represent only a portion of his contributions to real estate theory and practice. They are classics in real estate education. The final section contains personal reflections by colleagues, family and friends of Bill. One of Bill's most influential publications is his classic text, Income Property Valuation, and is frequently cited in the testimonials. These testimonials provide clear evidence that Bill was an excellent teacher and real estate professional. He truly cared about his students and colleagues and worked hard to move the real estate profession forward. |
| business valuation san antonio: Hearings United States. Congress. House. Committee on Banking and Currency, 1952 |
| business valuation san antonio: Utility Corporations United States. Federal Trade Commission, 1936 |
| business valuation san antonio: Essays in Honor of James A. Graaskamp: Ten Years After James R. DeLisle, Elaine Worzala, 2012-12-06 As the title indicates, Essays in Honor of James A. Graaskamp: Ten Years After, is a collection of essays written to honor Graaskamp's major contributions to the field of real estate education and practice over the course of three decades. Upon his death in 1988, the industry lost a major influence for advancing the real estate discipline, both as an academic field and a professional field. The authors in this volume seek to extend Graaskamp's contributions and move the real estate discipline forward. The papers address the challenges posed by the market to return our attention to real estate fundamentals, and to strike a proper balance between Main Street and Wall Street. The authors and editors hope that this book will influence the industry to incorporate many of Grasskamp's ideas into mainstream real estate education and practice. Over the course of his career, Graaskamp made many noteworthy contributions to real estate theory and practice, ideas that if resurrected could offset some of the pressure in the industry to move away from market fundamentals. The authors try to capture the essence of Graaskamp's messages, and intend that the papers serve as a point of departure for discussing the future role and nature of real estate education. Part I focuses on the major contributions to the real estate discipline made by Graaskamp and the Wisconsin Real Estate Program. Part II contains some personal recollections and photos of Graaskamp, and also a summary of the groups that make up the Wisconsin Real Estate Program, a major co-sponsor of this volume. The rest of the book's three main parts are structured around major topics that reflect the multidisciplinary nature of real estate as espoused by Graaskamp. Part III treats real estate feasibility and development, Part IV concentrates on real estate valuation, and Part V discusses institutional economics. |
| business valuation san antonio: Employee Stock Ownership Plans and General Stock Ownership Trusts United States. Congress. Senate. Committee on Finance, 1978 |
| business valuation san antonio: The Martindale-Hubbell Law Directory , 2002 |
| business valuation san antonio: King's Handbook of the United States Moses Foster Sweetser, 1892 |
| business valuation san antonio: Digital Asset Valuation and Cyber Risk Measurement Keyun Ruan, 2019-05-29 Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics is a book about the future of risk and the future of value. It examines the indispensable role of economic modeling in the future of digitization, thus providing industry professionals with the tools they need to optimize the management of financial risks associated with this megatrend. The book addresses three problem areas: the valuation of digital assets, measurement of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a pair of novel cyber risk measurement units, bitmort and hekla, the book covers areas of value, risk, control, and return, each of which are viewed from the perspective of entity (e.g., individual, organization, business), portfolio (e.g., industry sector, nation-state), and global ramifications. Establishing adequate, holistic, and statistically robust data points on the entity, portfolio, and global levels for the development of a cybernomics databank is essential for the resilience of our shared digital future. This book also argues existing economic value theories no longer apply to the digital era due to the unique characteristics of digital assets. It introduces six laws of digital theory of value, with the aim to adapt economic value theories to the digital and machine era. - Comprehensive literature review on existing digital asset valuation models, cyber risk management methods, security control frameworks, and economics of information security - Discusses the implication of classical economic theories under the context of digitization, as well as the impact of rapid digitization on the future of value - Analyzes the fundamental attributes and measurable characteristics of digital assets as economic goods - Discusses the scope and measurement of digital economy - Highlights cutting-edge risk measurement practices regarding cybersecurity risk management - Introduces novel concepts, models, and theories, including opportunity value, Digital Valuation Model, six laws of digital theory of value, Cyber Risk Quadrant, and most importantly, cyber risk measures hekla and bitmort - Introduces cybernomics, that is, the integration of cyber risk management and economics to study the requirements of a databank in order to improve risk analytics solutions for (1) the valuation of digital assets, (2) the measurement of risk exposure of digital assets, and (3) the capital optimization for managing residual cyber risK - Provides a case study on cyber insurance |
| business valuation san antonio: Financial Disclosure Reports of Members of the U.S. House of Representatives of the ... Congress from ... Submitted to the Clerk of the House Pursuant to 2 U.S.C. [section] 703(a). United States. Congress. House, 2003 |
| business valuation san antonio: ABA Journal , 2001-04 The ABA Journal serves the legal profession. Qualified recipients are lawyers and judges, law students, law librarians and associate members of the American Bar Association. |
| business valuation san antonio: Financial Disclosure Reports of Members of the U.S. House of Representatives for the Period Between January 1, 2003 and December 31, 2003 United States. Congress. House, 2004 |
| business valuation san antonio: CompetitiveEdge:A Guide to Business Programs 2013 Peterson's, 2013-04-15 Peterson's CompetitiveEdge: A Guide to Graduate Business Programs 2013 is a user-friendly guide to hundreds of graduate business programs in the United States, Canada, and abroad. Readers will find easy-to-read narrative descriptions that focus on the essential information that defines each business school or program, with photos offering a look at the faces of students, faculty, and important campus locales. Quick Facts offer indispensible data on costs and financial aid information, application deadlines, valuable contact information, and more. Also includes enlightening articles on today's MBA degree, admissions and application advice, new business programs, and more. |
| business valuation san antonio: Cost-Justifying Usability Randolph G. Bias, Deborah J. Mayhew, 2005-04-04 Advice from the experts on how to justify time and money spent on usability! |
| business valuation san antonio: Family Law Services Handbook Donald A. Glenn, Thomas F. Burrage, Donald DeGrazia, William Stewart, 2010-09-24 Up to fifty percent of financial forensic services are performed in divorces, or in family law business valuations. Providing the first definitive publication on family law for accountants, this book addresses topics unique to family law accounting, tax, valuation and practice. The coverage begins with pre-engagement of the client and proceeds through to trial and preparation and presentation. Sample checklists, work papers, and trial exhibits are included. CPAs and attorneys will benefit from this handbook’s tips on providing financial services in the family law arena. |
| business valuation san antonio: Kelly Parkway from US 90 to SH 16, San Antonio, Bexar County , 2004 |
| business valuation san antonio: Energy Tax Act of 1977 United States. Congress. Senate. Committee on Finance, 1977 |
| business valuation san antonio: Martindale-Hubbell Buyer's Guide , 2000 |
| business valuation san antonio: The Valuation Handbook, (Custom Chapter 14) Rawley Thomas, Benton E. Gup, 2009-10-01 The definitive guide to valuation written by a who's who of today's top practitioners The Valuation Handbook differs significantly from other related books on this topic because the contributors are practitioners, academics, and investment firms that explain how they value companies and other assets. It concentrates on specific and innovative valuation techniques, rather than the theoretical approaches more generally accepted and discussed. Given the extreme volatility of the stock market, valuation is a critical issue for analysts, investors, and businesses. Here, various professional contributors explain how their firms approach the valuation process, while academic contributors share their valuation consulting and research experience. Examines how to value assets in today's dynamic market setting Offers a broad spectrum of ideas from some of the top practitioners and academics in this field Highlights state-of-the-art approaches to company valuation Filled with in-depth insights and expert advice, The Valuation Handbook puts this difficult discipline in perspective. |
| business valuation san antonio: Official Gazette of the United States Patent and Trademark Office , 2003 |
| business valuation san antonio: Financial Disclosure Reports of Members of the U.S. House of Representatives for the Period Between January 1, 2009 and December 31, 2009 United States. Congress House, 2010 |
| business valuation san antonio: Cost of Capital Shannon P. Pratt, Roger J. Grabowski, 2008-02-25 In this long-awaited Third Edition of Cost of Capital: Applications and Examples, renowned valuation experts and authors Shannon Pratt and Roger Grabowski address the most controversial issues and problems in estimating the cost of capital. This authoritative book makes a timely and significant contribution to the business valuation body of knowledge and is an essential part of the expert's library. |
| business valuation san antonio: Certification and Accreditation Programs Directory , 1996 |
| business valuation san antonio: Railway Age , 1932 |
| business valuation san antonio: Traffic World and Traffic Bulletin , 1926 |
| business valuation san antonio: Contingent Valuation R. Carson, 2012-01-01 This major reference work the first of its kind provides a comprehensive and authoritative introduction to the large and growing literature on contingent valuation. It includes entries on over 7,500 contingent valuation papers and studies from over 130 countries covering both the published and grey literatures. This book provides an interpretive historical account of the development of contingent valuation, the most commonly used approach to placing a value on goods not normally sold in the marketplace. The major fields catalogued here include culture, the environment, and health application. This bibliography is an ideal starting point for researchers wanting to find other studies that have valued goods or used techniques similar to those they are interested in. For those wanting to conduct meta analyses, the book will serve as an invaluable guide to source material. For those wanting to conduct meta analyses, the book will serve as an invaluable guide to source material. In addition to the print edition we offer access, for purchasers of the book, to a website providing the contents of as a searchable Word document and in a variety of standard bibliographic database forms. Contingent Valuation is an indispensable reference source for researchers, scholars and policymakers concerned with survey approaches to the problem of environmental valuation. |
| business valuation san antonio: Valuing Specific Assets in Divorce Robert D. Feder, 2000-01-01 This newly updated guide for matrimonial lawyers and accountants is the companion publication for Feder's Valuation Strategies in Divorce. In individual chapters, detailed information is provided on how to evaluate specific types of marital assets; the particular accounting and financial conventions that affect the owner's income from the asset and the value of the asset; and the rules, regulations and issues peculiar to the particular asset. The reader is also provided with checklists of documents needed to appraise the asset, sources of industry information, lists of trade associations and journals, a bibliography, and a case study and report. Part I on closely-held corporations contains chapters devoted to automobile dealerships, media companies, high-tech companies, property and casualty insurance companies, construction companies, and small businesses such as bars, restaurants and gas stations. Part II covers the evaluation of various professional practices, and Part III discusses the valuation of different types of real estate assets. Federal civil service pensions, military pensions and the pensions provided by Fortune 500 corporations are examined in Part IV. The methodologies for evaluating personal property, such as gems, jewelry, and oriental rugs are found in Part V. Besides aiding attorneys and accountants, this publication will be of great assistance to appraisers, actuaries, and pension experts. |
| business valuation san antonio: United States Investor and Promoter of American Enterprises , 1893 |
| business valuation san antonio: Two Hundred Years of Accounting Research Richard Mattessich, 2007-11-15 This is the first and only book to offer a comprehensive survey of accounting research on a broad international scale for the last two centuries. Its main emphasis is on accounting research in the English, German, Italian, French and Spanish language areas; it also contains chapters dealing with research in Finland, the Netherlands, Scand |
| business valuation san antonio: ABA Journal , 1994-08 The ABA Journal serves the legal profession. Qualified recipients are lawyers and judges, law students, law librarians and associate members of the American Bar Association. |
| business valuation san antonio: Financial Disclosure Reports of Members of The U.S. House of Representatives for the Period ..., (Vol. 4 of 4), July 8, 2008, 110-2 House Document 110-129 , 2008 |
| business valuation san antonio: Factors That Affect Succession in African-American Family-Owned Business Charles W. Hunt, 2012-03 A great deal of literature confirms the fact that small family-owned businesses rarely extend beyond the founder of the business. This study explored and identified factors that helped to create a successful family business transition for two African American family-owned businesses in the San Antonio area. One family experienced working through a well thought-out succession plan that successfully passed the mantel from one generation to the next, while the other family experienced going through an unexpected, unplanned business succession that was also successful. Understanding the factors that help create a successful family business transition is difficult because there is very little scholarly research that has an in-depth focus on the African American family business. The research design used was a Phenomenological Qualitative Historical Case Study. The findings revealed that both families' success may be attributed to factors such as being raised by both of their parents and being taught family values, hard work, responsibility, and accountability. Self-preservation, the first law of nature, was taught to make them aware of the importance of taking care of self first, so they could take care of others. As children, they watched their parents at work, which gave them the opportunity to shape and mold their own work ethic with a strong family influence. Most of the children in both families were socialized into the family business and never worked elsewhere. Both families were very active in church and made the church the center of their social life. All of the family members had mentors and/or role models as a child, at school, and at work. The researcher concludes that it is important to note a plan for succession should consist of three elements, all of which must precede the actual succession by a few months. A plan for succession occurred in one case; however, in the second case, it occurred several months after succession took place. |
| business valuation san antonio: ALM Experts , 2007 |
| business valuation san antonio: Annual Report of the Southern Pacific Company and Proprietary Companies, Year Ended December ... Southern Pacific Company, 1925 |
| business valuation san antonio: Subject Catalog Library of Congress, 1950 |
| business valuation san antonio: Falfurrias Dale Lasater, 1985-04-04 Like many pioneer western cattlemen, Ed C. Lasater was confident, optimistic, and an aggressive user of bank credit. This history of the South Texas rancher and dairyman paints a vivid picture of frontier agriculture in an era that featured some of the region and the nation's most progressive and most trying times. Lasater, born near Goliad in 1860, purchased extensive landholdings in South Texas in the late nineteenth century. In 1904 he founded the town of Falfurrias. The author, a grandson of Ed C. Lasater, describes the settlers' arrival near the Loma Blanca, the area's principal landmark, and the pioneering efforts of the families who moved to the developing region. Falfurrias describes not only the development of Lasater's agricultural interests, which included the world's largest herd of Jersey milk cows and a creamery whose brand-name butter is still sold in the region today. Lasater was also active in politics, combating the early signs of bossism in South Texas counties. He ran for governor on the Progressive ticket in 1912, and served as an appointee in the U.S. Food Administration in 1917. |
