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Adil Gurbanov

Researcher at University of Twente

Presented a research paper on a framework for understanding valuation gaps between owner-dependent and owner-independent businesses

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Owner Dependency Doesn't Just Reduce Your Multiple
caldergr.comanalysiscautiousAug 8, 2025

Owner dependence significantly reduces business valuation and marketability, with only a 20% success rate for small business sales, but can be mitigated through knowledge transfer and systems implementation.

“Presented a research paper on a framework for understanding valuation gaps between owner-dependent and owner-independent businesses”

Business ValuationMergers and AcquisitionsEntrepreneurshipSmall Business Management