This is a recent redacted 5 senses inspection report:

November 26, 2024

5 Sense inspection report for Redacted Name

I have inspected random samples of 200 graphic novel collections owned by

Redacted Name
 

             
 

The tactile experience of these graphic novels plays a significant role in how readers interact with the medium. Several factors affect the "feel" of a book, including the sight, smell, Touch and feel

1. Sight

Sight is the most immediate and engaging sense when inspecting anything, the medium is largely visual. These graphic novels were neatly placed in boxes away from the elements to prevent damage

2. Sound

     Not applicable

3. Smell

The Graphic novels still smell of fresh ink, with no musty odors

4. Touch and feel

The graphic novels felt new, with no creases, rips or folds in the paper. Upon visual inspection of random novels, I found them to be in pristine condition\

5. Taste

Not Applicable

 

Conclusion

The sensory experience of these graphic novels, when considering the touch/feel, smell, and sight components, easily earns a 10 out of 10. High-quality comics engage all the senses in a deeply immersive way. The paper, binding, and ink used in modern and vintage comics alike create a tactile sensation that enhances the reading experience. Finally, the artwork, colours, typography, and layout make these graphic novels visually rich and dynamic Therefore, based on all these factors, I would grade these graphic novels 10 out of 10 for their sensory appeal.

 

Ben Khan

Toronto 5 Senses Inspection Report Specialist

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

This is how we put the Eric Jordan Methodology to work.

On my website www.pin.ca it is easy for you to see the 25 factors that we use to determine intangible asset value, we have a proven methodology, and you can also see what a five senses inspection report looks like. We show you a redacted example of an inspection report. 

Last week a franchise owner and his bank (RBC) chose the Eric Jordan “25 Factors Affecting Business Valuation” process in combination with the Eric Jordan “5 Senses Inspection Report” to produce a business valuation that can be accepted by the Canada Small Business Financing Program. Probably because I have a good working relationship with CSBFP upper management. They look to me for advice and I have the email trail to prove it. Every week it will be a different client and bank but the process is the same.

We start where the accountants leave off. Your accountant has for tax purposes taken all the measures legally allowed to reduce your tax burden. That is what accountants do and are good at. I am different and higher up the food chain for business valuation. I am a Canadian Personal Property Appraiser. (CPPA) and a former auctioneer specializing in Intangible Assets. Tax value doesn’t matter in a real business valuation for a private company. “Fair market value” is what is demanded under the Canada Income Tax Act, and they DEMAND that Intangible Assets must be valued. There is a link to this information on my PIN dot ca website.

We start with the balance sheet and we see if you have everything there valued at today’s  “fair market value” and the answer is NO, but we fix that. In some cases we will have to do an Asset Valuation. You can find details under our heading Debt Restructuring and Asset Valuation. We are qualified to do this while accounting based valuators are generally not qualified to do this. I am qualified with a proven methodology to value Intangible Assets. Accounting based valuators are using the old smoke and mirror methods. You can find more on that under our heading Business Valuation Fraud and Flaws to Avoid. 

When we normalize the Balance Sheet as we are qualified to do we find out what capital needs to be left in the company and if there is redundant capital we identify it.
The capital that needs to be left in the company is generally charged as a cost in the statement of profit and loss statement when we normalize the profit and loss.
This is where we make sure everything the company does is at “fair market value” and that everything and everyone is paid fair market wages including the owner and family. Sometimes owners overpay themselves and sometimes they underpay themselves and family. 

This is where the 10 years or more of relevant business owner operator “hands on” experience comes into play. This work with the 25 Factors and the Inspection reports requires “hands on experience”
(1) Just like the Captain on a Commercial Airline
(2) The head Surgeon in an operating room
(3) The Art Restoration Specialist restoring your million dollar family heirloom. 

YOUR FAMILY’S PRIVATE BUSINESS deserves the hands on experience of someone that has owned and operated a relevant private business for at least 10 years. This disqualifies most accountant valuators. 

This is where smoke and mirrors come in and we hear terms like “FREE CASH FLOW TO OWNER” and EBITDA.

If you are spending $500,000 of your hard earned cash, you want to know the best estimate of what percentage of the $500,000 is going to come back to you as “PROFIT” after everyone and everything in the business  is paid at “fair market” including taxes and fair market wages to the owner operator and family members. THE REAL RETURN ON INVESTMENT

“FREE CASH FLOW TO OWNER” is not profit; but is a term scoundrels use to try to fool you into thinking this is the profit of the business. When in fact the business might be losing money if you or the current owner operator manager were paid “fair market value” wages for operating and managing the business. This is why I call them scoundrels.
“EBITDA” is a term well accepted for PUBLIC COMPANIES, but it is not appropriate for private companies and can be used by scoundrels to fool you into thinking the profit is very high when in fact that many not be true. Not everyone using the term “EBITDA” is a scoundrel. Sometimes they are just ignorant and find it convenient to stay that way. 

You should see now why the person with the experience of owning and operating a successful Cobs Bakery Franchise or some other relevant business for 10 years is better qualified to be trained as a business valuator than a 20 year accountant.

Who would you choose?

877 355-8004
pindotca@gmail.com

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1. Recognizing Fair Market Value: A Legal and Practical Foundation

Business valuation is governed by legislation such as the Income Tax Act in Canada and similar laws in the US, UK, Australia, and New Zealand. These frameworks emphasize Fair Market Value, which considers both tangible and intangible assets. Learn more at pin.ca/fair-market-value.

• The Challenge: Many appraisers focus primarily on hard assets like equipment and machinery, neglecting the intangibles that often account for the majority of a business’s value.
• The Solution: The Eric Jordan methodology ensures that every aspect of a business—both tangible and intangible is identified, measured, and valued, resulting in a comprehensive, legally compliant valuation.

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2. Intangible Assets: The Real Driver of Value

Research, such as the Ocean Tomo report, shows that 90% of the value of S&P 500 companies comes from intangible assets. This trend holds true for private businesses, where tangible assets typically play only a supporting role.

• Analogy: Picture a vast underground parking lot. While it has intrinsic value, its true worth is only realized when paired with the 40-story building above and around it.
• Similarly, tangible assets derive much of their value from the intangible systems and relationships that surround them.

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3. Hands-On Experience: The Key to Unlocking Value

Accurate valuations demand more than formulas; they require practical, relevant experience. The Eric Jordan methodology prioritizes hands-on expertise in recognizing, measuring, and valuing intangible assets, similar to other fields that depend on specialized knowledge.

• The Experience That Matters Most:
  Eric Jordan emphasizes the importance of 10 to 20 years of relevant business owner-operator experience.
• This experience ensures valuators understand the daily interplay between tangible and intangible assets and the practical realities of running a business.
• This type of hands-on insight is critical for identifying and valuing intangible assets effectively.

Comparative Insights:                            

• A Stradivarius violin is priceless, but only when played by a skilled musician.
• A Formula 1 car is powerful, but only with a capable driver.

Just as art restoration specialists must understand every layer of a painting, airline pilots must master thousands of variables to ensure safe flights, and heart surgeons must rely on years of practice to perform life-saving operations, business valuators must have deep, relevant experience to identify intangible assets and assess their value accurately.

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4. The Role of the 5 Senses Inspection Report

The 5 Senses Inspection Report prevents fraud and adds a layer of accuracy and confidence by evaluating tangible assets through sight, sound, smell, touch, and taste. It ensures that the physical components of a business align with the intangible assets that drive its overall value.

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5. Why Outdated Methods Fall Short

The Problem with Traditional Approaches:

The Hard Asset, Market, and Income Approaches fail to account for the dominance of intangible assets.

• Hard assets alone are the smallest portion of a business’s value and cannot reliably serve as the primary basis for valuation.
• Market comparison data for private sales lacks transparency, often obscuring whether a sale was Fair Market or influenced by factors like foreclosure, divorce, or other pressures.
• The Income Approach fails without a methodology to quantify the intangible assets driving that income.

A Modern Solution for Business Sales:

• Internet platforms like Google connect sellers with buyers effectively and affordably, bypassing the need for brokers and their hefty commissions.
• A properly explained Fair Market Value Business Valuation Report replaces much of the work traditionally done by real estate agents.
• After valuation specialists present the report to buyers, sellers can collaborate with lawyers to handle the remaining steps.

No smoke and mirrors are needed—the valuation does the selling.

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6. How the Eric Jordan Methodology Benefits You

1. Accurate Valuations: A comprehensive analysis of tangible and intangible assets ensures businesses are neither undervalued nor overvalued.
2. Financing Opportunities: The Canada Small Business Financing Program accepts the Eric Jordan methodology for business and asset valuations.
3. Streamlined Sales Process: Modern tools and detailed valuation reports empower sellers to achieve the best price with minimal costs.
4. Clarity and Confidence: Tools like the 5 Senses Inspection Report provide verification and insights, ensuring valuations are thorough, transparent, and reliable.

In loans of up to $500,000, up to $150,000 of intangible assets can be financed.

We’re actively working with CSBFP to increase this limit to reflect the real intangible asset portion in private businesses today.

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

 

We are pleased to share a detailed analysis comparing the Eric Jordan "25 Factors Affecting Business Valuation" methodology with various Canadian Business Valuation (CBV) methodologies. This study focuses on evaluations from two key business associations in major Canadian cities and provides valuable insights for small to medium-sized enterprises (SMEs).

This in-depth analysis examines the nuances of business valuation methodologies, focusing on:

• Customization to business specifics
• Cost-effectiveness
• User-friendliness
• Acceptance in legal and financial contexts

Key findings are presented below in detailed comparison tables.

Toronto Business Review

Methodology	Score (%)	Notes
Eric Jordan "25 Factors" Methodology	97.1	Highly praised for its detailed, practical approach, especially for SMEs.
CBV Comprehensive Report	81.4	Extensive analysis but less adaptable to small business contexts.
CBV Calculation Engagement	72.9	Detailed but costly and time-consuming for smaller entities.
CBV Estimate Engagement	64.3	Quick and suitable for initial assessments but lacks depth for detailed valuation.

Vancouver Business Review

Methodology	Score (%)	Notes
Eric Jordan Methodology	92.9	Comprehensive and accessible, emphasizing practical application and user trust.
CBV Estimate	61.4	Suitable for rough estimates but oversimplifies key valuation nuances.
CBV Calculation	71.4	Technically accurate but less flexible for unique business scenarios.
CBV Comprehensive	80.0	Covers a wide range of factors but may overwhelm businesses without valuation resources.

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Further Analysis

1. Customization
   • Eric Jordan's methodology excels in tailoring valuations to specific business circumstances, addressing unique factors like market conditions, owner involvement, and growth potential.
2. Cost-Effectiveness
   • Offers a balance between detail and affordability, making it highly accessible for SMEs.
3. User-Friendliness
   • Clear and practical guidance enhances understanding and implementation, especially for non-specialists.
4. Legal and Financial Acceptance
   • All methods are generally accepted; however, Eric Jordan's methodology aligns well with both regulatory and investor expectations due to its comprehensive nature.
5. Implications for SMEs
   • For SMEs, the choice of valuation methodology significantly affects business decisions, funding, and strategic planning. Eric Jordan's approach offers actionable and grounded insights, providing a competitive edge.

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This analysis underscores that for businesses seeking a valuation approach that is both thorough and aligned with practical operations, the Eric Jordan "25 Factors" methodology stands out as the most advantageous option.

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Chartered Business Valuators from the accounting industry in Canada offer three levels of service. While the CBV category of 'Comprehensive Valuation' offers some depth, it is significantly higher-priced and lacks the tailored, actionable focus required for private business owners.

Our data shows the Eric Jordan Methodologies being clearly superior.

Comparison Chart

 

Why Choose the Eric Jordan Methodology? 

• Holistic Valuation: We look beyond mere numbers, valuing the heartbeat of your business through our "25 Factors Affecting Business Valuation", focusing on intangibles like brand, R&D, and customer relations.     

• Practicality: Our unique "5 Senses Inspection Report" ensures you get a tangible grasp of your assets' real-world value, engaging all senses in the valuation process.     

• Cost-Effectiveness: You get comprehensive valuation insights at a fraction of the cost of a CBV Comprehensive Valuation, with an average cost of just $3,500, making it an affordable choice for private businesses.

• Market Relevance: We align with the legal requirement of Fair Market Value, ensuring your valuation reflects actual market conditions.    

• Experience-Driven: Our approach values practical business operation insights over academic theory, providing valuations that resonate with the realities of running a business.

   

Key Differentiators

• Emphasis on Intangibles: We recognize that in today's economy, intangible assets often drive more value than tangible ones.   

• Flexibility and efficiency: Get comprehensive valuations quickly, without the lengthy wait times associated with traditional methods.       

• Financing-Ready Reports: Our valuations are designed to meet the stringent standards of Canada Small Business Financing Program and financing institutions, facilitating easier access to capital. 

• Transparency: Our reports are crafted in clear, actionable language, ensuring you understand the valuation process and outcomes.

 

Choose the Eric Jordan approach for a valuation that's not only comprehensive but also cost-effective, practical, and aligned with the realities of your business.
 

For more information or to schedule a valuation, contact us at 877 355-8004 or email pindotca@gmail.com

Visit our Business for sale page

Celebrating 27 Years on the Internet Helping Business Buyers and Business Sellers.

Here some of our latest listings:

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

VALUATIONS ARE BASED ON CANADIAN AND INTERNATIONAL LAW

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VALUATIONS ARE BASED ON CANADIAN AND INTERNATIONAL LAW

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

Auto repair shop is the example, the list of other categories are below:

Auto Repair Shops (Canada)

1. Auto Repair Shops: Equipped with hydraulic lifts, diagnostic tools, and specialized repair equipment for servicing vehicles.

This is an  asset valuation example for auto repair shop and vehicle maintenance services. A full business valuation can be added.
The purpose could be for sale purposes, financing purposes, divorce, partnership disputes, tax or other purposes.
First we have to calculate the net proceeds in your balance sheet over and above liabilities
Then we follow the Eric Jordan “25 Factors Affecting Business Valuation” methodology to find the value of the intangible assets.
Then we need to estimate the normalized net income of the business and then from the “25 Factors” we can assign a multiple.
We need to do a fair market appraisal on the tools and equipment we would find in a modern repair facility.
We need the valu of the leasehold improvements if applicable
We need to have a 5 Senses Inspection Report done to further support the estimates below:
 

Overall Valuation for a Three-Bay Auto Repair Facility in Toronto, Canada (Including 5 Senses Report)

This report combines the valuation of equipment and leasehold improvements with insights from the 5 Senses Inspection Report, ensuring a detailed and accurate appraisal.

---

 

1. 5 Senses Inspection Summary

Sight (Visual Observations)

• Bays and equipment are functional but show moderate wear, including oil stains on floors and minor rust on bay doors.

• Lighting is sufficient but uneven in certain areas, impacting workflow.

• The parking lot and signage are visibly worn, reducing curb appeal.

Sound (Auditory Observations)

• Equipment operates within normal noise levels, but air compressors are louder than expected, suggesting the need for minor maintenance.

Smell (Olfactory Observations)

• Typical automotive odours (oil, lubricants) are present in the bays. Exhaust fumes suggest that ventilation could be improved.

Touch (Tactile Observations)

• Surfaces in the bays are greasy, requiring regular cleaning. Bay doors feel stiff, indicating a need for lubrication or maintenance.

Taste

• Not applicable.

Summary Condition:

Fair to Good – Functional, with some areas requiring upgrades or improved maintenance.

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2. Equipment Valuation

Total Equipment Value:

• Low End: $57,300

• High End: $173,100

 

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3. Leasehold Improvements Valuation

Total Leasehold Improvements Value:

• Low End: $71,500

• High End: $163,500

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4. Overall Asset Valuation

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The three-bay facility has a current asset value range of $128,800–$336,600, based on equipment and leasehold improvements. 

This is where we know that relevant experience owning and operationg a private business for 10 or 20 years is essential for a business valuator to find the right value estimate for your equipment assets and leasehold improvements.
You would no allow someone without 10 to 20 years of hands on relevant art restoration experience to restore a million dollar painting owned by you family. The same would hold true for your private business. Accounting experience is not business experience. Commercial pilots and head surgeons must have “hands on experience” and so must your business valuator.

Depending upon the purpose we may need to scale this up to a full business valuation report by considering the Eric Jordan “25 Factors Affecting Business Valuation” methodology on top of the Equipment and leasehold improvement appraisal.

We would be happy to help you. 

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The list below will become available soon.

3D Printing Studios: 3D printers, modeling software, and material supplies.

Appliance Repair Services: Diagnostic tools, spare parts, specialized wrenches, and lifting equipment.

Audio Recording Studio Calgary: Soundproof rooms, high-quality microphones, mixing boards, and editing software.

Auto Body and Collision Repair Shops: Paint booths, sanders, and specialized auto body tools.

Auto Detailing Services: High-powered vacuums, polishers, steam cleaners, and detailing tools.

Bakery and Pastry Kitchens Regina: Commercial-grade ovens, mixers, proofers, and refrigeration.

Bicycle Repair and Retail Shops: Repair stands, bike tools, parts inventory, and tuning equipment.

Boat and Marine Repair Services: Hoists, winches, marine tools, and repair kits.

Brewpubs and Microbreweries: Fermentation tanks, kegs, bottling equipment, and refrigeration.

Catering Companies with Full-Service Kitchens Saskatoon: Cooking equipment, food warmers, storage, and refrigeration.

Commercial Cleaning Services (Specializing in Carpet Cleaning) Red Deer: Industrial-grade carpet cleaners, floor buffers, and power washers.

Commercial Printing and Copy Centres (Toronto): High-end printers, copiers, binding machines, and digital design tools.

Commercial Window Cleaning Services: Scaffolding, water-fed poles, harnesses, and safety equipment.

Construction Contracting Business Edmonton: Power tools, scaffolding, saws, and safety equipment.

Custom Jewelry Manufacturing: Specialized tools for casting, molding, and polishing jewelry.

Custom Upholstery and Furniture Restoration: Industrial sewing machines, staple guns, fabric cutters, and woodworking tools.

Dental Clinics: Dental chairs, X-ray machines, sterilizers, and dental tools.

Drone Photography and Survey Services: Drones, GPS systems, and photo editing software.

Dry Cleaning and Laundry Services: Commercial-grade washers, dryers, press machines, and dry-cleaning machines.

E-Waste Recycling Centres: Electronics dismantling stations, shredders, and sorting systems.

Event Equipment Rentals: Tents, chairs, sound systems, and portable stages.

Glass Installation and Repair Services: Glass cutters, suction lifters, safety gear, and glass handling tools.

Home Renovation and Remodeling Services: Drills, saws, tile cutters, and renovation equipment.

HVAC Repair and Installation Services Ottawa: Refrigerant recovery units, gauges, welding torches, and diagnostic tools.

Landscaping and Lawn Care Services: Lawn mowers, trimmers, blowers, and trailers.

Medical and Aesthetic Spas: Laser machines, microdermabrasion devices, and skin treatment equipment.

Metal Fabrication Shops: Welding machines, plasma cutters, and metalworking tools.

Mobile Repair Businesses: Toolboxes, diagnostic tools, and portable equipment for fieldwork.

Pest Control Services: Sprayers, traps, pesticide storage, and protective equipment.

Pet Boarding Facilities: Kennels, washing stations, grooming tools, and play structures.

Pet Grooming Salons: Grooming tables, dryers, clippers, and washing stations.

Photography Studios: High-end cameras, lighting setups, and editing tools.

Plumbing Services Winnipeg: Pipe cutters, drain cleaning machines, and leak detection equipment.

Pool Maintenance and Repair Services: Water testing kits, pool vacuums, and chemical storage.

Restaurant and Food Truck Businesses Kelowna: Commercial grills, fryers, refrigeration, and serving equipment.

Screen Printing Businesses: Printing presses, drying racks, exposure units, and heat presses.

Security and Locksmith Services Victoria: Key-cutting machines, drills, lock picking tools, and surveillance equipment.

Sign-Making and Graphics Shops: Vinyl cutters, wide-format printers, laminators, and application tables.

Small Gym or Fitness Studio: Treadmills, weights, resistance machines, and other fitness equipment.

Small-Scale Manufacturing (e.g., Custom Jewelry): Specialized tools for intricate manufacturing tasks.

Solar Panel Installation Services: Drills, inverters, battery storage systems, and safety harnesses.

Stone Carving and Sculpture: Stone saws, chisels, grinders, and dust extraction systems.

Stone Masonry and Sculpture Studios: Stone saws, chisels, sandblasters, and grinders.

Tattoo and Piercing Studios: Tattoo machines, sterilization equipment, inks, and needles.

Tile and Flooring Installation Services: Tile cutters, wet saws, flooring nailers, and leveling tools.

Tree Trimming and Removal Services: Chainsaws, wood chippers, climbing gear, and safety equipment.

Vancouver Photography Studio with Professional Equipment: High-quality cameras, lighting, backdrops, and editing software.

Woodworking and Cabinetry Shops: Saws, sanders, routers, and custom woodworking machinery.

 

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

1. Pilots: No airline would certify a pilot based solely on classroom and simulator training without extensive real-world flying experience.

2. Surgeons: No hospital would allow a doctor to perform surgeries based solely on theoretical knowledge without years of hands-on surgical training.

3. Art Restorers: No family would entrust a valuable heirloom to someone without substantial experience in art restoration.

PRIVATE BUSINESS WEALTH

Business Valuators: Why would private business owners place that “SACRED TRUST” in the hands of a Business Valuator without “Hands ON” Intangible Asset Experience gained by owning and operating a private business for a very long time.

TRUST HANDS ON EXPERIENCE.
For your pilot, surgeon, million dollar art restoration, and your business valuation.

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

OUR NEW IN-HOUSE MARKETING METHODOLOGY can help you sell your business almost 100% of the time.
The sale will happen at or near 100% of our valuation price.
(We have the proof)

1. A business valuation is done that carefully explains the value.
2. Google, Facebook and other platforms are then employed to find the buyer.
3. The business valuator or your real estate agent or company employee explains the valuation report to responders.
4. The seller and an effective legal team negotiate and coordinate the sale with the buyer. Total cost including legal is likely to be under nine percent.

Cost-Effective Services: One of our standout features is our affordability. Total sale costs, which include legal fees, valuation, marketing, and coordination, range 9% of your business valuation price.

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

Business Expropriation

Business Expropriation

Fraud and Major flaws you must avoid

Fraud and Major flaws you must avoid

Debt Restructuring in a small business

Debt Restructuring in a small business

 

This is the text version of a podcast we did for Canada business valuation questions and answers.

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Sage: Welcome to another episode of 'Business Valuation Insights.' Today, we're diving into the top questions people have about business valuation and appraisal. And who better to answer them than Eric Jordan, CPPA and founder of the '25 Factors Affecting Business Valuation' methodology. Eric, thanks for joining us! 

Eric: Thanks for doing this, Sage. Excited to tackle these questions and hopefully clear up what goes into valuing a business accurately. 

    

Sage: Alright, let’s get right to it. First question: How much is my business worth? 

Eric: Great starting point! Send me a message, and within 15 minutes of our first conversation, I can usually give you a ballpark estimate and a quote for a full valuation or appraisal. 

    

Sage: Quick and easy! Here’s another one: What experience should a business valuator have? 

Eric: Hands-on experience owning and operating a relevant business for 10 or 20 years. That’s what it takes to understand and apply the '25 Factors Affecting Business Valuation' method that we use. It’s on my site, www.pin.ca, if anyone wants more details. 

    

Sage: Good to know! Next up: How do I get a business appraisal? 

Eric: Same as before—reach out to me, and we’ll get started. It’s simple. 

    

Sage: What’s the best way to find out the value of my business? 

Eric: Again, just send me a message. I’ll take it from there. 

    

Sage: Sounds easy! Here’s one that comes up a lot: Where can I get a business valuation? 

Eric: Well, you’ve already found it. Send me a message or go to pin.ca, and I’ll help you from there. 

    

Sage: Perfect. And how can I find the fair market value of my business? 

Eric: Same answer. Message me, and I’ll help you determine that. 

    

Sage: Okay, let’s dig a bit deeper. Who does business valuations near me? 

Eric: That would be me, Eric Jordan, CPPA. Just send me a message, and we’ll get connected. 

    

Sage: Now, what affects the value of a business? 

Eric: A few main things: your normalized net income, your tangible assets, and, most importantly, the intangible assets surrounding them. Give me a call at 877-355-8004 or email me, and we can go over it in detail. 

    

Sage: Good points. Now, how much can I sell my business for?

Eric: Assuming you mean at fair market value, message me, and I’ll help you determine that. Or just email me at eric@pin.ca. 

    

Sage: And what’s involved in a business valuation? 

Eric: It starts with your financial info, then we apply the '25 Factors Affecting Business Valuation.' If possible, we also do a five senses inspection report for a thorough analysis. 

    

Sage: How long does a business appraisal take? 

Eric: Usually around 10 days. 

    

Sage: And how much does it cost? 

Eric: It can range from $1,500 to over $15,000, depending on complexity, but $3,500 is typical. 

    

Sage: Got it. How do I know if my business is worth selling?

Eric: Great question. Give me a call, and we’ll talk it through. Sometimes, a business is worth little without the owner, meaning it’s hard to sell. 

    

Sage: How can I increase the value of my business before selling? 

Eric: Our valuation report can highlight areas to improve. 

    

Sage: Can I get a business valuation for a bank loan? 

Eric: Absolutely. I’ve got a good relationship with the Canada Small Business Financing Program, so we can help with that. 

    

Sage: Is now a good time to get a valuation for my business?

Eric: Send me a message, and I’ll help you decide. 

    

Sage: What do I need to get a business valuation? 

Eric: Relevant information, and then an intake call with me to get us going. 

    

Sage: How do I prepare for a business valuation? 

Eric: Get in touch and gather your financial info for our review. 

    

Sage: What documents do I need for a business appraisal? 

Eric: Mostly financials, your lease, and a willingness to discuss intangible assets. 

    

Sage: What’s included in a business valuation report? 

Eric: A full report, possibly with a five senses inspection. I always send a sample when quoting. 

    

Sage: What’s the difference between a business appraisal and a business valuation? 

Eric: An appraisal often focuses on tangible assets, whereas valuation considers both tangible and intangible. 

    

Sage: How accurate are business valuations? 

Eric: Very accurate. Most businesses sell close to our valuation if they’re well-promoted. 

    

Sage: How do I get a business valuation in Canada? 

Eric: Message or call me; we can usually complete it within 10 days. 

    

Sage: Where can I get my business appraised in Canada? 

Eric: You’re already in the right place—send me a message or call 877-355-8004. 

    

Sage: Are there business appraisers in my city? 

Eric: Yes, my CPPA designation is recognized across Canada. 

    

Sage: Can I get my business appraised without selling it? 

Eric: Of course. Message me, and I’ll explain why it’s still beneficial. 

    

Sage: How do I find a good business valuator? 

Eric: We believe our methodology is top-notch for private business assets. 

    

Sage: How do I know if a business valuation is reliable? 

Eric: Contact us, and we can share examples where our valuation matched sale prices exactly. 

    

Sage: What should I look for in a business valuation expert?

Eric: Experience in running a business is key. It was covered in one of the earlier questions, too. 

    

Sage: What’s the tax impact of selling a business? 

Eric: Depends on whether it’s an asset or share sale. 

    

Sage: How does a business valuation affect taxes? 

Eric: Selling shares with a spouse may shield nearly two million dollars from capital gains tax. 

    

Sage: Can a business valuation help me get financing? 

Eric: Yes, especially with Canada’s $500,000 loan guarantee program. 

    

Sage: What can I use a business valuation for? 

Eric: Tax planning, sales, divorce, partnerships, expropriations, and planning. 

    

Sage: How does a business valuation help with selling a business? 

Eric: It provides a credible report that banks trust, making financing easier for buyers. 

    

Sage: Is a business appraisal needed for partnership buyouts? 

Eric: Not legally required, but very wise to ensure all parties are informed. 

    

Sage: Can a business valuation help me plan for retirement? 

Eric: Yes. Knowing your business’s worth is essential for retirement planning. 

    

Sage: How do I get a valuation for a franchise business? 

Eric: Same process. Reach out, and we can help with financing or sale. 

    

Sage: How do you value a family-owned business? 

Eric: Our method is especially suited for private, family-owned businesses. 

    

Sage: How is a small business valued differently from a large business? 

Eric: Private business values are unique compared to publicly traded companies. 

    

Sage: What’s the process for valuing an online business? 

Eric: Similar process, but with more emphasis on intangible assets. 

    

Sage: What’s the best way to value a service-based business?

Eric: Using normalized net income, then applying our 25 factors methodology. 

    

Sage: Do I need a business valuation for estate planning? 

Eric: Definitely—essential for proper planning. 

    

Sage: How is goodwill factored into a business valuation? 

Eric: Goodwill has limited relevance in private business but is sometimes used in big company acquisitions. 

    

Sage: How do you value intangible assets in a business? 

Eric: Our 25 factors methodology specifically addresses intangible assets. 

    

Sage: Thanks, Eric, for all this invaluable information. If you’re listening and want more details, visit www.pin.ca or reach out directly to Eric for help with your business valuation needs. 

Eric: Thanks, Sage! I look forward to helping more business owners understand their value. 

 

Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

Canada’s Natural Resources: The Backbone of the Economy

1. Uranium: Powering the World

• Key Region: Athabasca Basin, Saskatchewan (Saskatoon and La Ronge).
• Details: Home to 15% of the world’s uranium resources, Canada’s high-grade deposits are among the best on the planet.
• Why It Matters: Saskatchewan’s uranium fuels nuclear energy projects worldwide, showcasing Canada’s innovation in sustainable power.

2. Oil: The Lifeblood of Alberta

• Key Region: Alberta’s oil sands (Fort McMurray and Cold Lake).
• Details: Canada holds 10% of global oil reserves, with advanced techniques making extraction efficient and sustainable.
• Why It Matters: Alberta’s energy sector not only drives the economy but also supports entire communities with opportunity and growth.

3. Natural Gas: A Reliable Export

• Key Regions: Grande Prairie, Alberta, and Fort St. John, British Columbia.
• Details: Canada contributes 4% of global natural gas production, providing a clean and reliable energy source.
• Why It Matters: With extensive pipelines linking to major markets, Canada’s natural gas keeps homes warm and industries running.

4. Rare Earth Elements in Canada

• Key Region: Saskatoon, Saskatchewan.
• Details: The Saskatchewan Research Council (SRC) operates North America’s first rare earth processing facility, positioning Canada as a leader in sustainable mining solutions for the global supply chain.

5. Lithium Exploration in Canada

• Key Region: Snow Lake, Manitoba.
• Details: Canada’s lithium reserves contribute to North America’s electric vehicle supply chain, solidifying its role in green energy solutions.

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Fishing: Canada’s Coastal Lifeline

Overview of Canada’s Fishing Industry

Canada boasts one of the world’s most significant fishing industries, supported by its vast Atlantic, Pacific, and Arctic coastlines. From lobster in Nova Scotia to salmon in British Columbia, fishing is central to Canada’s economy and way of life.

• Atlantic Fisheries: A hub for lobster, crab, shrimp, and scallop exports, supporting coastal communities and international trade.
• Pacific Fisheries: Known for wild salmon and halibut, British Columbia leads in sustainable practices.
• Arctic Fisheries: Emerging industries focus on cold-water species like char, balancing economic potential with ecological preservation.

Economic Impact

• Fishing generates $6 billion annually, supporting 72,000 jobs in Canada.
• Exports reach over 130 countries, including the United States, China, and Europe.

Cultural and Historical Significance

Fishing is deeply embedded in Canada’s heritage. Indigenous communities have fished sustainably for millennia, blending traditional practices with modern science. Coastal towns thrive on fishing, with their cultural identities tied to the sea.

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Forestry and Agriculture: Canada’s Renewable Resources

Forestry: Canada’s Green Heart

• Key Regions: Prince George, British Columbia, and Thunder Bay, Ontario.
• Details: Managing 9% of the world’s forests, Canada is a leader in exporting sustainable softwood lumber, pulp, and paper.

Agriculture: Feeding the World

• Wheat: Canada ranks among the top global exporters, particularly with durum wheat for pasta.
• Canola: As the world’s largest producer of canola oil, Canada is essential to global cooking and biofuel industries.
• Maple Syrup: Quebec’s forests produce 71% of the world’s maple syrup, sweetening tables across the globe.

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Canada’s Cultural Legacy: Music, Sports, and Resource Communities

Stompin’ Tom Connors: The Voice of Canada’s Workers

• “Tillsonburg”: A moving ode to tobacco farmers, showcasing the backbreaking labour and strong bonds of rural Ontario.
• “Bud the Spud”: A celebration of trucking culture and its role in connecting Canada’s provinces.
• “Big Joe Mufferaw”: Honouring the legendary logger of the Ottawa Valley, tying forestry to folklore.

Rita MacNeil: Nova Scotia’s Mining Tribute

• “Working Man”: A heartfelt ballad about the coal miners of Cape Breton, highlighting their strength and resilience.

The Rankin Family: Celebrating Atlantic Fishing

• “The Fisherman’s Son”: A story of generational legacy and the challenges faced by fishermen in the Maritimes.

Trail Smoke Eaters: A Hockey and Industrial Legacy

• Story: Based in Trail, British Columbia, the Smoke Eaters’ name reflects the town’s smelting heritage. They became international hockey legends, winning World Championships in 1939 and 1961.

 

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Canada’s Renewable Energy Leadership

Hydroelectric Power: Canada’s Energy Anchor

Canada generates 60% of its electricity from hydro sources, contributing 9% to global hydroelectric power.

Wind and Solar: The Future is Here

Canada’s growing wind and solar sectors support its leadership in renewable energy innovation.

Conclusion: Canada’s Resourceful Spirit

Canada’s wealth lies not only in its resources but in the stories of its people. From the songs of Stompin’ Tom Connors and Rita MacNeil to the hockey triumphs of the Trail Smoke Eaters, these narratives embody the resilience and pride of Canadian communities. This blend of natural and cultural resources cements Canada’s place as a global leader, where economic strength and cultural heritage go hand in hand.

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Eric Jordan, CPPA
877 355-8004
pindotca@gmail.com

Podcast Title: Canada Unveiled: Natural Resources and Cultural Legacy

Chris: Welcome to "Canada Unveiled," the podcast where we explore the stories that shape our nation. I'm Chris, and joining me in conversation today is Eric Jordan, a Canadian Personal Property Appraiser and a passionate storyteller about Canada's rich heritage. Welcome, Eric!

Eric: Thanks for the conversation, Chris. It's great to be here talking about what makes Canada great.

Chris: Today, we're diving deep into Canada's natural resources and how they've not only fueled our economy but also inspired our culture, music, and communities. There's so much to unpack.

Eric: Absolutely. Canada is a land of vast resources, but what's truly fascinating is how these resources intertwine with the lives of everyday Canadians.

Chris: Let's start with one of our most significant resources—uranium. Saskatchewan's Athabasca Basin is world-renowned, isn't it?

Eric: It sure is. The Athabasca Basin, near towns like Saskatoon and La Ronge, holds about 15% of the world's uranium resources. The uranium mined there is some of the highest grade found anywhere on the planet.

Chris: And it's not just about extraction. This uranium plays a crucial role in global nuclear energy, powering homes and industries worldwide.

Eric: That's right. It's a prime example of how Canada's resources have a global impact. The innovation and technology developed around uranium mining also showcase our commitment to sustainable and responsible resource management.

Chris: Speaking of energy, we can't overlook Alberta's oil sands.

Eric: Indeed. Places like Fort McMurray and Cold Lake are the heart of Canada's oil industry. With about 10% of the world's proven oil reserves, Alberta is a powerhouse.

Chris: Advanced extraction techniques have really pushed the industry forward, balancing economic growth with environmental concerns.

Eric: Exactly. It's about finding that sweet spot where we can support communities economically while preserving the environment for future generations.

Chris: Moving west to British Columbia, natural gas is another significant player.

Eric: Yes, towns like Grande Prairie in Alberta and Fort St. John in BC are hubs for natural gas production. Canada contributes about 4% to the global production, which is impressive given we hold only about 1% of the world's reserves.

Chris: It's fascinating how efficient infrastructure and technology can amplify our contribution on the world stage.

Eric: Absolutely. And the extensive pipeline networks we have ensure that natural gas reliably reaches both domestic and international markets.

Chris: Now, let's talk about something that's been gaining attention—rare earth elements in Saskatchewan.

Eric: The Saskatchewan Research Council in Saskatoon has established North America's first rare earth processing facility. This positions Canada as a leader in supplying these critical minerals essential for modern technologies like smartphones and electric vehicles.

Chris: That's a significant step, especially as the world shifts towards more advanced tech and green energy solutions.

Eric: Precisely. And speaking of green energy, lithium exploration in places like Snow Lake, Manitoba, is another exciting development.

Chris: Snow Lake Resources is making strides, right?

Eric: They are. With about 60,000 acres dedicated to lithium exploration, Canada is bolstering the supply chain for electric vehicles across North America.

Chris: It's encouraging to see these initiatives pushing us towards a more sustainable future.

Eric: Agreed. And it's not just about mining; it's about comprehensive development that includes environmental stewardship.

Chris: Let's shift gears to fishing, a resource that's both economic and deeply cultural, especially in Atlantic Canada.

Eric: Fishing is the lifeblood of many coastal communities. From lobster fisheries in Nova Scotia to salmon runs in British Columbia, it supports thousands of jobs and has a profound cultural significance.

Chris: The traditions passed down through generations are captured beautifully in music. I'm reminded of The Rankin Family's song, "The Fisherman's Son."

Eric: Yes! That song really encapsulates the challenges and pride of life in the fishing industry. It tells the story of generational knowledge and the deep connection to the sea.

Chris: And speaking of music, we can't forget Stompin’ Tom Connors. His songs like "Tillsonburg" and "Bud the Spud" highlight everyday Canadians and their work.

Eric: Stompin' Tom had a unique way of turning ordinary stories into national anthems. "Tillsonburg" brings to life the toil of tobacco farmers in Ontario, while "Bud the Spud" celebrates the role of truckers in moving our resources to market. Stompin’ Tom did the intro song for a popular Canadian TV series called “MarketPlace.”

Chris: It's amazing how music reflects and amplifies the stories of our resource industries.

Eric: Absolutely. And then there's Rita MacNeil's "Working Man," a powerful tribute to the coal miners of Nova Scotia.

Chris: Her voice captures the strength and resilience of those communities.

Eric: She gives a voice to the hardships and the sense of camaraderie among workers, which is a common thread in resource towns.

Chris: On the topic of community and pride, let's talk about the Trail Smoke Eaters.

Eric: The Smoke Eaters are a legendary hockey team from Trail, British Columbia. Their name itself reflects the town's smelting heritage. Back in 1939 and 1961, they won the World Ice Hockey Championships, putting a small Canadian resource town on the global map.

Chris: That's incredible. It shows how intertwined sports and industry can be in fostering community spirit.

Eric: Exactly. The team's success mirrored the hard work and determination of the town's residents, many of whom worked in the smelters by day and supported the team by night.

Chris: Moving on to renewable resources, Canada's forestry industry is another pillar.

Eric: Indeed. We manage about 9% of the world's forests. Sustainable practices in places like Prince George and Thunder Bay ensure that we remain a leading exporter of softwood lumber, pulp, and paper.

Chris: Sustainability is key, especially with global concerns about deforestation.

Eric: That's right. Canada has some of the most stringent forest management policies, balancing economic needs with environmental protection.

Chris: Agriculture is another area where Canada shines.

Eric: I can still remember that wheat is still dangerous to store at moisture levels above 14.5 MC  I recall as a young guy being able to estimate fairly close the moisture level by sticking my arm in a container of wheat. From the vast wheat fields in Saskatchewan to canola production in Manitoba, our agricultural sector is robust. And let's not forget Quebec's maple syrup, which accounts for about 71% of the world's supply. 

Chris: Can't imagine pancakes without it!

Eric: Neither can I. These products are staples not just in Canada but around the world.

Chris: As we look to the future, renewable energy is becoming increasingly important.

Eric: Absolutely. Canada generates about 60% of its electricity from hydro sources. Projects like the James Bay Project in Quebec and the W.A.C. Bennett Dam in BC are monumental. Where I grew up in Manitoba there are, I believe 16 hydro generation stations. 

Chris: Plus, the growth of wind and solar energy in places like Pincher Creek and Sarnia shows our commitment to diversifying energy sources.

Eric: It's all about investing in sustainable infrastructure that will serve generations to come.

Chris: Eric, this has been an enlightening discussion. It's clear that Canada's natural resources are deeply connected to our economy, culture, and identity.

Eric: I couldn't agree more. It's the people behind these resources—the workers, the communities—that truly make Canada remarkable. Canada’s intangible assets. 

Chris: Before we wrap up, any final thoughts?

Eric: Just that understanding our resources is crucial, but so is recognizing and celebrating the stories of those who bring them to us. It's a collective effort that defines who we are as a nation. I like to believe that my intangible asset methodology can help raise our standard of living. 

Chris: Well said. Thank you so much for joining us today, Eric.

Eric: My pleasure, Chris. Thanks for having me.

Chris: And thank you to our listeners for tuning into "Canada Unveiled." If you enjoyed today's episode, be sure to subscribe and share it with others. Until next time!

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Immigration to Canada and Achieving a Thriving Workforce

Chris: Welcome to the Chris and Eric Podcast, where we explore the strategies shaping the future of business and economic growth. Today’s episode is all about immigration to Canada, a topic that’s making waves across industries and communities. We believe your intangible asset understanding and how that relates to business valuation can help Canada  achieve a 75% workforce participation rate by rethinking immigration, focusing on temporary workers, skilled refugees, and—here’s the game-changer—business immigrants who invest in Canada and turning our temporary into entrepreneur and business owners. 

Eric: That’s right, Chris. Immigration to Canada isn’t just about population growth anymore. It’s about strategic, merit-based policies that solve labour shortages, boost the economy, and make our communities stronger. We’re going to break down how business investment and smart immigration strategies can transform Canada’s workforce.

Segment 1: The Vision for Immigration to Canada

Chris: Eric, let’s set the stage. Why is a 75% workforce participation rate such a big deal for Canada?

Eric: Great question, Chris. Right now, Canada’s participation rate is around 65%. That leaves a lot of untapped potential. By bringing in immigrants who can immediately contribute—like skilled workers, refugees with in-demand expertise, and business investors—we can close that gap. Think about it: more workers mean more GDP, stronger tax revenues, and better public services.

Chris: So, we’re not just talking about filling gaps in the workforce; we’re talking about creating a thriving economic cycle.

Eric: Exactly. And here’s where business immigrants come in. Imagine someone immigrating to Canada and purchasing a local business—let’s say with less than 50% financing. They’re not just creating jobs; they’re revitalizing communities and keeping essential services running.
For temporary workers and refugees the question we should be asking them is “would you be interested in applying your skill or trade and owning a small business in Canada?”
ONLY TAKE THE ONES WHO CAN PROVE THEY HAVE A SKILL OR TRADE and have a desire to have a business. THESE ARE THE PEOPLE WE NEED. 
Canada Small Business Financing Program should be encouraging these people in year 3 to be opening a business in Canada and of course with a reliable pathway to residency and citizenship. 

Segment 2: The How-To of Immigration to Canada

Chris: Let’s get into the nuts and bolts. How does Canada achieve this kind of strategic immigration policy?

Eric: First, we need to expand temporary worker programs. These programs fill critical gaps in industries like healthcare, agriculture, construction, and technology. But here’s the kicker: they need clear pathways to residency. If you’ve proven your value, you should have a straightforward path to become a permanent resident.

Chris: That makes sense. And what about refugees? How do they fit into the plan?

Eric: For refugees, it’s all about matching their skills with Canada’s labour market needs. Healthcare professionals, engineers, tradespeople—these are the folks we need. By fast-tracking their residency and integration, we bring in people who are ready to contribute right away. And they should have an entrepreneurial spirit. 

Chris: And the business investors?

Eric: Business immigrants are the game-changers, Chris. By requiring less than 50% financing for business purchases, we ensure these immigrants are serious about contributing to Canada’s economy. They create jobs, stabilize local markets, and inject new energy into small businesses.

Segment 3: Challenges and Opportunities

Chris: This sounds incredible, but let’s talk about the challenges. What’s standing in the way of this vision?

Eric: There are a few hurdles. First, we need to make sure business immigrants have access to mentorship and community support. Starting a business in a new country isn’t easy. For temporary workers and refugees, integration programs—like language training and skills matching—are crucial.

Chris: And what about over-reliance on temporary workers?

Eric: That’s a valid concern. Pathways to residency solve that problem by keeping skilled workers in the country long-term. It’s all about balancing short-term needs with long-term stability. If they can have access to business start up loans, all the better. 

Segment 4: Why Immigration to Canada Matters

Chris: Let’s wrap this up with the big picture. Why is immigration to Canada so critical right now?

Eric: Canada is at a turning point. With an aging population and labour shortages, we can’t afford to sit back. Strategic immigration policies—focused on business investment, skilled refugees, and temporary workers—are the key to sustaining our economy and improving our communities.

Chris: And achieving a 75% workforce participation rate could add $200–$300 billion annually to our GDP. That’s a game-changer.

Eric: It is. And by prioritizing immigration to Canada through smart policies, we’re not just solving today’s problems; we’re building a stronger, more resilient future.

 

Chris: Thanks for tuning in to the Chris and Eric Podcast. Don’t forget to like, share, and subscribe—and if you’re interested in learning more about immigration to Canada, check out our website for resources and updates.

Eric: Let’s keep the conversation going. Immigration isn’t just a policy—it’s a solution. See you next time!

Chris and Eric (together): Bye for now!

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