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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

Jan 21, 2020

Adam Nihmey is the Managing Director of Welch Capital Partners. A Chartered Financial Analyst and Chartered Business Valuator, Adam’s expertise in business valuation spans over 15 years, previously working for companies such as PricewaterhouseCoopers. He was the Founder and President of Capacity Financial Consulting Inc. from 2013 until 2018 when it was acquired by Welch Capital Partners. Adam has also acted as a Virtual CFO for start-up companies and is also the Volunteer Founder and Chairman of the Eldercare Foundation of Ottawa, a charity that provides funding for seniors in non-profit homes.

Adam joins me today to discuss the process of business valuation. He shares his professional experiences from working at PricewaterhouseCoopers to joining Welch Capital Partners in 2018. He illustrates how building trust and professional relationships helped him build his business, Capacity Financial Consulting, and reveals why he decided to sell it. He also shares his insights on determining the value of a business as well as his advice on building a great business.

 

“You have to think of value through the eyes of a buyer. Associate the value with the buyer’s ability to create profit and cash flow in the future.” - Adam Nihmey

 

Today on I’m A Millionaire...So, Now What?:

  • Adam’s professional journey from the University of Ottawa to working at PwC
  • Why Adam left PwC to pursue a job in a technology and software company
  • How the professional relationships Adam developed throughout his career helped him build his own business
  • Why Adam decided to sell his company to Welch Capital Partners
  • The kinds of companies Welch Capital Partners serve and the services they provide
  • Why business owners are looking for succession points and transitioning out of their companies
  • The different kinds of business transitions and how to determine the value of a business
  • Adam’s recommendations and advice to business owners who are looking to monetize their assets

 

Adam Nihmey’s Fun Frank Advice for Self-Made Millionaires & Wealthy Families:

  • You have to detach, in some way, your value to the business. Build a business that has a standalone value away from your own contributions.

 

Connect with Adam Nihmey:

 

You’re Invited: Double to Sell Workshop

Are you ready to build your multi-million-dollar exit strategy? Ready to sell your high-profit organization, move forward with your life, and explore new ventures? Learn the strategies you need to 100x the sale of your organization and create the wealth that will allow you to continue living financially free while exploring new opportunities.

Join us on May 6, 2020 for the premier, invitation-only Double to Sell Workshop! Learn the secret to maximizing your exit strategy and sell your business successfully.

For more information and to qualify for the super early-bird discount, email Colleen at colleen.campbell@rbc.com

 

Book Your Prosperity Discovery Session Today!

Are you ready to double your net worth? Ready to create your roadmap to riches or get your financial life back on track? Join me for a Prosperity Discovery Session today! Let’s unlock your roadmap to riches so you can begin to live your life to the fullest. To book your Prosperity Discovery Session, email me at colleen.campbell@rbc.com to request a free questionnaire and let’s begin your roadmap to riches now!

Spots are limited, so book your Prosperity Discovery Session today!

 

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