BV News and Trends January 2023
A monthly roundup of key developments of interest to business valuation experts.
Business Valuation Case Law Yearbook, 2023 Edition
January 2023 PDF, Softcover (195 pages)
BVR (editor)
Business Valuation Resources, LLC
Business Valuation Update Yearbook, 2023 Edition
January 2023 PDF, Softcover (426 pages)
BVR (editor)
Business Valuation Resources, LLC
BV News and Trends December 2022
A monthly roundup of key developments of interest to business valuation experts.
Preorder deal on the 2023 Business Reference Guide
The 2023 print edition of the Business Reference Guide (BRG) by Tom West is now available for preorder at a 20% savings.
Valuing Assisted Living Facilities
This webinar will cover the basics of valuing assisted living facilities. We will look at valuation methods under each approach – cost, market, and income – and discuss pro’s and con’s of each. Before getting into each method, we will address industry factors and economic conditions pertinent to these valuations, as well as current topics and issues. An example valuation will be reviewed incorporating the methods and conditions discussed.
BV News and Trends November 2022
A monthly roundup of key developments of interest to business valuation experts.
Embracing Subjectivity: The Illusion of Precision in BV
Nothing keeps a valuator up at night more than “squishy numbers.” Everyday someone comes up with another “objective quantitative method” that eliminates subjectivity. But guess what? Many of the methods are actually increasing the subjectivity exponentially and creating the illusion of precision. In this rip roaring session, we will shine a light on all of the subjective areas of the valuation process and learn to embrace it.
Survey reveals use of Excel add-ins for the GPCM
As part of BVR’s ongoing surveys related to data resources and methodologies, we recently ran a short survey on the use of Excel add-ins for the guideline public company method (GPCM).
Reminder: Please take a survey on Excel add-ins for the GPCM
As part of BVR’s ongoing surveys related to data resources and methodologies, we’re exploring the use of Excel add-ins for the guideline public company method (GPCM).
Please take a survey on Excel add-ins for the GPCM
As part of BVR’s ongoing surveys related to data resources and methodologies, we’re exploring the use of Excel add-ins for the guideline public company method (GPCM).
Normalizing Owner Compensation + RCReports Case Study
This webinar is for business valuators, business advisors who may be involved in shareholder litigation over compensation and tax advisors who help closely held businesses during IRS audits. This webinar explains the accepted methodologies for normalizing owner compensation in business valuations.
RMA is the financial benchmarking data of choice, per BVR survey
Over three-quarters (78%) of valuation experts say they use RMA for financial benchmarking data, according to a recent survey by BVR. Coming in second is Bizminer, cited by 28% of respondents.
Using Rule of Thumb Benchmark Data to Verify Financials
In addition to being used as a check to corroborate a value conclusion reached using other methods, rule of thumb data can be used to validate historical financials. This is particularly useful when valuing cash-intensive businesses. The article provides benchmark data for a dozen types of firms that do a lot of cash business.
A ‘field guide’ to BV just released
Based on all of the questions business owners have asked them over the years, appraisers Casey Karlsen and Seth Webber of BerryDunn have put together a helpful book, A Field Guide to Business Valuation.
Probing Questions Valuers Will Face About Their Guideline Transaction Analysis
Here are the questions a trier of fact (or other reviewer) will ask the analyst about his or her guideline transactions method. Includes a worksheet judges use to compare the work of two opposing experts.
Spotlight on the Jewelry Industry: Are Diamonds Still a Girl’s Best Friend?
No business can be valued in a vacuum, and the jewelry industry has undergone significant changes over the last few years. Join Lynton Kotzin for an overview of the current state and evolution of the jewelry industry. Understand the key value drivers, accounting issues, and the proper application of the different valuation approaches during these changing times.
Reminder: Please take a short survey on financial benchmarking data
Our thanks to those of you who took our very short survey (four questions) on the sources valuation analysts use for financial benchmarking data.
Please take a short survey on financial benchmarking data
BVR is conducting a very short survey (four questions) on the sources valuation analysts use for financial benchmarking data.
DealStats Yields Insights on How Crises Impact Exit Values for Small Firms
Recently, BVR provided some assistance to researchers at Colorado State University who were examining the sales of small businesses in the wake of a crisis, such as the pandemic. Their study offers some new insight on how crises impact exit value and the selling process.
Reconciling the Results of Various Valuation Methodologies
This is an excerpt from the author’s new sixth edition of Understanding Business Valuation. It illustrates the clear, simple way he explains key concepts and provides real-world examples.
BV News and Trends April 2022
A monthly roundup of key developments of interest to business valuation experts.
A ‘Radical’ Market Data Approach to Startup Valuations
Michael Blake (Brady Ware & Co.) has issued a challenge to appraisers of early-stage companies: add rationality to valuing startups by relying more heavily on market inputs. The income approach is not always effective in prerevenue situations, so Blake turns to guideline public-company and transaction method alternatives.
Shining a Spotlight on Nightclub Valuation
Get ready to jump the line with this lesson on valuing bars and nightclubs with Jason Pierce and Lynton Kotzin. The entertainment venue industry is nuanced, and the pandemic changed the approach for these valuations. Hear specific examples of specialized issues, including deconstructing the revenue streams, matching the risk to the business model, properly applying transaction multiples and other benchmarks, and utilizing lessons learned from court cases. Valuation experts, financial analysts, legal counsel, industry practitioners ...
Hitchner’s primer on three transaction databases
“Read the instructions” to transactional databases is the advice Jim Hitchner (Financial Valuation Advisors) stressed several times in the February 2022 issue of Hardball With Hitchner.