Interview Timothy Vance Interview Timothy Vance

Understanding Your Market Before You Buy: A Conversation with PeerView AI's Christopher Johnson

Most people buying a small business make one of the biggest financial decisions of their life based on the seller's financials, some demographic research, a few site visits—and a lot of hope. But what if you could see the actual transaction patterns of every competitor in your market? What if you knew whether that business is thriving because of great management, or simply riding a market tailwind?

That's the problem Christopher Johnson set out to solve with PeerView AI. After spending over a decade at Capital One transforming small business underwriting with advanced data analytics, Christopher recognized that the same location intelligence big banks use internally could be invaluable to the entrepreneurs and business buyers who need it most.

Read More
private equity, selling, exit strategy Timothy Vance private equity, selling, exit strategy Timothy Vance

Private equity isn't buying your past: Why valuation is all about the future

Private equity isn't buying your past. They're buying a future they believe in—and a team they trust not to screw it up.

Your historical EBITDA growth is proof of concept, nothing more. The real question is whether that growth can continue or accelerate without you micromanaging every detail. Can the business compound systematically? Can it integrate acquisitions? Can it expand margins through operational improvements? Can it enter new markets?

If the answer to these questions requires your constant involvement, you don't have a valuable business—you have an expensive job. And expensive jobs don't command premium multiples.

Read More
due diligence Timothy Vance due diligence Timothy Vance

What NVIDIA fraud allegations teach small business buyers about due diligence

But for small business buyers, the lesson is clear: the financial statements tell one story, but cash flow and working capital metrics tell another—often more accurate—story. In my due diligence practice, I've saved clients from disastrous acquisitions by identifying exactly these patterns: great reported earnings, terrible cash conversion.

Read More
Timothy Vance Timothy Vance

Business valuations post-DOGE

As many of you know, the rapid restructuring of federal agencies by #DOGE is already reshaping the landscape for tax professionals, especially those of us who work in #BusinessValuation.

Read More