BV News and Trends April 2024
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends March 2024
A monthly roundup of key developments of interest to business valuation experts.
Quality Control Is Now the No. 1 Concern of BV Firms
What keeps business valuation firm managers up at night? Mostly, they worry about maintaining control over the quality of the work product, according to the Business Valuation Firm Benchmarking Guide. This article presents the other top concerns.
Unexpected results from survey on AI usage at BV firms
“More practitioners are using AI than I would have guessed,” says Rod Burkert (Burkert Valuation Advisors), a practice management advisor, about the latest in a series of “Two-Minute Practice Builder” surveys he developed for BVWire.
Afraid of AI? Get over it, say tax pros
“Whether or not you’re afraid of AI, we’re going to need it to meet the demand for services,” said Scott Kadrlik, managing partner at Meuwissen, Flygare, Kadrlik & Associates, quoted in an article for Accounting Today.
Reminder: Take a quick survey on AI
Is your firm using AI in its practice? And for what? What are your peers using it for? Find out by taking a very short survey—the latest in our “Two-Minute Practice Builder” surveys.
Are your peers using AI in their practice—and for what?
Find out by taking a very short survey—the latest in our “Two-Minute Practice Builder” surveys.
BV News and Trends January 2024
A monthly roundup of key developments of interest to business valuation experts.
Survey results: Data collection tools
More than two-thirds (78%) of valuation experts use an online tool to collect documents and other information from clients, according to the first in a series of “Two-Minute Practice Builder” surveys.
Last call! Take a survey on data collection tools
Please take a two-minute survey about the use of portals to collect client data. We will publish the results in next week’s BVWire.
Do you use a portal to collect client data?
We’d like to know—and so would your peers.
BVR kicks off ‘Two-Minute Practice Builder’ surveys
As any profession matures, the issue of practice management becomes more critical. Management and administrative issues that took a back seat when riding a growth wave must be dealt with when the landscape gets more competitive.
BV News and Trends November 2023
A monthly roundup of key developments of interest to business valuation experts.
BV firm benchmarking guide for 2023 just released
How does your valuation practice stack up against its peers?
BV News and Trends October 2023
A monthly roundup of key developments of interest to business valuation experts.
BV firms are thriving, per BVR’s benchmarking insights
The past few years may have been witness to the most demand, the best growth, and the highest profitability the business valuation profession has ever seen, according to the executive summary for the 2023 BVR Benchmarking Survey.
BV News and Trends September 2023
A monthly roundup of key developments of interest to business valuation experts.
BV Firm Billing Rates Shot Up in 2022
The vast majority (83%) of business valuation firms increased their billing rates in 2022, according to preliminary results of BVR’s benchmarking survey. This is a much greater percentage than the last survey (2018) found, when 60% of respondents said they raised rates. Increases ranged from 3% to 25%, with an average of 11%.
BV practice marketing budgets hold steady for 2023
Since most business valuation firms and practices are very busy, it’s not a great surprise that marketing budgets for 2023 are about the same as 2022 levels, according to the 2023 BVR Benchmarking Survey.
BV firms rank most effective marketing techniques
The one-on-one meeting with a prospect leads the pack of marketing techniques BV firms and practices find most effective.
Most BV firms don’t ask for client feedback
When he was mayor of New York City, Ed Koch would roam the streets asking passersby “How’m I doin’?”
Early results from BVR’s Benchmarking Survey
Almost 200 business valuation firms and practices responded to the BVR Benchmarking Survey, which closed last week.
Deadline soon for BVR’s benchmarking survey
Our thanks to the over 170 business valuation firms and practices that have responded to the BVR Benchmarking Survey.
Survey reveals extent of staff shortages at BV firms
It’s not a surprise that the BV profession is suffering from staff shortages, but now we can quantify this phenomenon to some degree.
Value-based billing gains steam at BV firms
Value-based billing is becoming more prevalent at business valuation firms, according to preliminary results of BVR’s Benchmarking Survey.