19: Business Valuation, Mergers, Acquisitions and Succession Planning with PSMJ President Greg Hart

In this episode, we welcome Greg Hart, the President of PSMJ Resources, a company that offers a wide range of services to the architecture and engineering industries. From educational services and events to consulting and mergers and acquisitions, PSMJ has become a well-known name in the business world.Greg discusses the importance of paying bills upfront in the architecture and engineering industry and how accounts receivables can affect cash flow. He gives valuable tips on how to speed up the payment process and why it's crucial for a firm's sustainability.But that's not all! The discussion then transitions to business valuation, with Greg sharing his insights on what drives value in architecture and engineering firms. He emphasizes the significance of cash flow and how it plays a vital role in determining a company's worth.Greg's advice on evaluating the value of a business is sure to leave listeners feeling informed and empowered. So, whether you're a seasoned professional or just starting out, this episode is a must-listen. Tune in now to gain a competitive edge in the architecture and engineering industries!Thank you so much for listening and thank you for joining the Design Development community. Don't forget to subscribe to hear about the latest episodes dropping every Wednesday. If this episode resonated with you, share it with a friend.Our goal is to help people in the industry identify opportunities for growth by sharing the journey of top performers. There is no one path. Success isn't a straight line. There is something to learn from everyone's story. Let's go!Leave your thoughts in the comments and reach out if you want to be a valuable guest on the show! Follow us on LinkedIn, Instagram & YouTubeFind out more at https://h-o.engineering/podcasts/

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