ABOUT US

Behind the Scenes

VERMONT MADE

At our Core

What’s unique?

CoreValue provides the ability to measure “operational performance” – the strengths and weaknesses – of a private business using a generally accepted standards-based framework, and convert those metrics into a Return on Investment for taking action.

Why it matters?

The metrics provide radical transparency into the operational workings of the business and can unleash the power of many minds focused on best practices, growth and transfer – much like unleashing of the markets with GAAP.

VERMONT MADE

The CoreValue Story

It all began in Springfield, Vermont.  In the early 70’s the manufacturing industry was starting to decline due to market conditions and the failure of many of the family-owned businesses to transfer either to the next generation or to a new owner.  This not only affected the families and workers of the closed plants, it affected entire communities and ultimately the economy of Vermont.  The problem worsened over the next decade.It was about this time, in the early 80’s, that Chuck Richards – a Vermonter, a visionary, a thinker, and a relentless meddler – headed from Williams College off to M.I.T., where he realized the “Springfield Problem” is a national one.  All over the U.S., businesses were failing to transfer and he concluded the trickle down effect would eventually be catastrophic to our national economy.  The wheels began to turn.During his M.I.T. stint, Chuck developed the algorithms for CoreValue Research and launched his consulting business, The Chairman’s View. His vision was and is to this day to help business owners and CEOs build valuable and transferable businesses that are treated like assets and the decisions made about the future of those companies are based on value rather than profit.

It Takes A Village

Fast forward to today.  The plight of the Baby Boomer exodus has begun and the U.S. economy is at a critical tipping point.  Based on over 40+ years of CoreValue Research and data collection, history shows us that 80% of the businesses owned by this demographic will struggle or fail to transfer.The solution in part:  evergreen.  Chuck knew early on that in order to fix the “Springfield Problem” it would take a village of Financial Advisors,  business growth consultants, M&A advisors, and tactical experts to support these business owners.We have to help business owners align their personal financial plan with their business plan, help them identify the operational gaps that are holding them back, and finally help them treat their business as an asset and focus on enterprise value rather than profit.

From Vermont to Australia

Chuck’s mission remains – help business owners and CEOs build profitable and transferrable businesses that in turn create wealth for the owners and their families, builds vibrant communities, and thriving economies.Chuck carries on his mission in Vermont and abroad – his vision and CoreValue Research have touched the lives of business owners across the globe from Canada to Europe to Australia and Africa.Our journey continues, there is much work to be done.

Ready to Talk Business Growth and Economic Development?

The CoreValue History

Timeline

1970's

Early 1970's

The Machine Tool industry in Springfield, Vermont, starts to falter due to company transfer challenges and market conditions, compounded by foreign competition and globalization. The economy and community greatly suffer.

1980's

Mid 1980's

CoreValue founder, Chuck Richards, heads from Williams College to MIT and realizes “The Springfield Problem” poses a grave threat to business owners, their employees, and their communities across the nation.

While at MIT, the Chairman’s View and CoreValue algorithms are developed.

2002

Fall 2002

Chairman’s View, a regional consulting practice operating in New England and Ontario, is established. Its mission: help business owners and CEOs build valuable businesses by treating companies like assets and making decisions based on value rather than merely profit.

2002-2007

2002-2007

The company does fundamental research to create the first set of “Private Business Standards”, which serve as the basis for all business assessments, to quantify the new Standards, and pioneer Normalized Trading Ranges. The philosophy, methodology, standards and best practices established by Chairman’s View become the foundation of CoreValue Software. The first business assessment software is developed, tested and vetted by hundreds of academics, professionals and owners.

2007: Chairman’s View becomes a Delaware Corporation.

2009

Summer 2009

Chairman’s View winds down its consulting practice to “productize” their assessment application, leading to the birth of CoreValue Software. The corporation relocates from Boston’s South Shore to the Green Mountains of Vermont. CoreValue Software begins the three year process of building and testing CoreValue as a Software-as-a-Service tool.

2012

2012

Doing business as CoreValue, the new software product is launched, aimed at professional service firms working with small to mid-market private businesses.

Spring of 2012

Ron Everett, founder of The Business Valuation Center, and formerly Director of Valuation Services at Ernst & Young, writes CoreValue’s second white paper, vetting its algorithms and calculations.

2013

January 2013

Baker Capital, a well-known Manhattan-based private equity firm, vets and invests in CoreValue.

2014

2014

CoreValue enters into a formal agreement with QMI Solutions in Brisbane, Australia to expand the product to the Australian and New Zealand markets.

Summer 2014  CoreValue launches its “Business Direct” model, selling directly to owners and executives wanting to build valuable businesses.

Fall of 2014  CoreValue enters into an agreement with Welch, LLP in Ottawa to expand the product throughout Canada.

Several economic development partnerships in Virginia and New York are initiated to bond municipalities, foundations, organizations and other business stakeholders around CoreValue to improve companies, and to help communities create jobs.
2019

2019 The Birth of ValuCompass

ValuCompass is created – a multi-faceted platform designed specifically for Financial Advisors to help them guide one singular client:  Private Business Owner.

Strategic Partners

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