Our guest on this episode is Dan Pharr, president of Pharr Valuation in Richmond, Virginia. With 30 years of jewelry industry experience, Dan specializes in business valuations of closely held and family owned businesses.

In this interview, Dan discusses the best practices for business owners who want to exit their companies profitably while ensuring their legacies endure. He also explains how to use business valuations to a boost a company's marketability and better prepare for the purchase or sale of a business.