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By Ted See on 5/15/2011 4:35 PM
Confusion and misunderstanding seem to surround business valuation more than virtually any other business topic. Everyone seems to have a different multiplier or rule-of-thumb to value every size and type of business. You've worked your whole life for the opportunity to either buy or sell a business. Why risk it on a "crap; shoot"? The need to accurately price a business is paramount to successful acquisitions, divestitures, succession planning, financial planning, insurance planning and exit strategies to name a few.
 
Licensed business appraisers are required to consider all of the 15 to 20 (some say more) conventional valuation methodologies for each valuation. Since each of these methods is considered...
By Ted See on 5/9/2011 7:09 AM

The dual overhead burden rate method of job costing/pricing is considered the most accurate method developed to determine your company's burden rates to enable the proper pricing of your job or product. This is due to the fact that the dual overhead rate method applies a company's burden costs to both direct labor and the sum of Materials, Equipment, Subcontractor and Other (MESO). The TASCON® Business Analyst calculates the dual overhead burden rates automatically in one "click". Most companies use a single overhead burden rate that allocates all of their burden costs to direct labor only. Unfortunately, most don't know how to calculate their real "costs of doing business" and the burden rates they use are "rules of thumb", those used by others or from some other source.

The Dangers of Using a Single Overhead Burden Rate System

If you use the single overhead burden rate system to price and bid your work, for those jobs and/or products that use a disproportionately higher amount of direct labor than your company's average percentage, you will be overpricing your work and probably won't be awarded any of these contracts. Conversely, for jobs and/or products that use a disproportionately higher amount of MESO than your company's average percentage, you will be under pricing your work and lose money. Unfortunately, you won't even realize...
By Ted See on 5/3/2011 8:34 PM
The chances are that your company’s income statement is currently formatted in exactly the same way as one of the income statement “templates” that came with your existing accounting software. DON’T USE THEM! These “templates” are usually designed to follow GAAP (Generally Accepted Accounting Practices) but are typically not designed for proper management information systems (MIS). I want to suggest that you consider formatting your company’s income statement and budgets in the same way that is found within The TASCON® Business Analyst SaaS (www.TheBusinessAnalyst.com). The reason is simple, it utilizes powerful proven and successful business profit strategies that if used, always lead to profit increases.

One of the key strategies that we will discuss evolves around the fact that different expense items fall within different expense categories and the expenses in each category will react in a similar way in relation to the sales income. Using this fact,...

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