Maximizing your business valuation doesn’t have to be a mystery.

In this episode, Frankie and Sarah delve into the topic of business valuations with Scott Sonley, CPA, CA, CBV, CFF, CFDS, partner at Baker Tilly KDN. They explore the asset and income approaches used to value businesses and discuss how to determine which approach is most appropriate for evaluating a particular business. They also touch on the differences between EBITDA and normalized EBITDA, highlight the risks associated with being overly dependent on one customer or industry type, and share tips on how business owners can maximize the value of their businesses.

Join the conversation as Scott discusses: 

• How businesses are valued
  
• What asset and income approach valuations are
  
• How to determine which approach should be used to evaluate a business
  
• The differences between  EBITDA and normalized EBITDA
  
• 7 ways to maximize the value of your business
  

Resources:

• Owner-Managed Businesses Part 2: Creating Your Exit Plan (Ep. 3) 
  

Connect with Frankie Loreto and Sarah Netley: 

• Courtice.BakerTilly.ca
  
• LinkedIn: Baker Tilly Canada
  
• LinkedIn: Frankie Loreto
  
• LinkedIn: Sarah Netley
  
• Call: (905) 579-5659
  

Connect with Scott Sonley:

• Courtice.BakerTilly.ca
  
• LinkedIn: Scott Sonley
  
• Call: (905) 579-5659
  

About Our Guest: 

Scott Sonley’s career began in 2003 at a mid-market Southwestern Ontario firm where he obtained his Chartered Professional Accountant (CPA) designation. Family ties and friends brought him back to Durham Region when he rejoined Baker Tilly KDN LLP in 2008, having previously been with the firm as part of a university co-op placement. Throughout his career, Scott has developed long-standing clients who rely on him for his broad experience in accounting, assurance, and taxation.

Scott obtained his Chartered Business Valuator (CBV) designation in 2015 and in 2017 the Certified in Financial Forensics (CFF) and Certified Divorce Financial Analyst (CDFA) designations – he transitioned from CDFA to Chartered Financial Divorce Specialist (CFDS) in 2021. In addition, he holds a bachelor of mathematics and a post-baccalaureate diploma in accounting from the University of Waterloo.

Becoming a leader in his areas of expertise, he took on the role of senior vice president of Litigation Accounting & Valuation Services at Baker Tilly KDN Consulting. In 2023, Scott became partner at the firm and continues to provide clients with the clarity required to meet their diverse and complex valuation needs.