BV News and Trends October 2023
A monthly roundup of key developments of interest to business valuation experts.
Next-Gen BV Practitioners Reveal Ways to Keep Them on Board
Opportunities for career growth, exposure, work-life balance, and good old-fashioned recognition are some of the ways to keep today’s young valuation practitioners from jumping ship. The profession faces the issue of attracting and retaining young talent, so their insights are particularly helpful.
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%.
ASA Looks ‘Beyond’ Valuation to How to Build an Appraisal Career
A first-of-its-kind event in the valuation profession was the 2023 Beyond Valuation—Professional Development and Growth Conference hosted by the American Society of Appraisers (ASA) and sponsored by Empire Valuation Consultants. It focused on appraisal career development for those professionals who are just beyond the initial stages of their careers.
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.
Congrats to the winner of a free BVR Pro subscription
Rob Leibfried, a shareholder in the business valuation practice at Honkamp, will receive a free one-year subscription to BVResearch Pro, BVR’s most comprehensive library of business valuation resources.
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’?”
Age-old idea still works for retaining good BV talent
What keeps you from jumping ship?
Early results from BVR’s Benchmarking Survey
Almost 200 business valuation firms and practices responded to the BVR Benchmarking Survey, which closed last week.
Valuers Are Now Spending More Time ‘on Everything’
A panel discussion during the Global Town Hall: State of the Global Markets and Their Effect on Business Valuation event talked about having to dig more into income statement line items, perform more sensitivity analyses, request multiple forecasts, change Excel models, and more.
Fair Value, Statutory Appraisals, Crypto, ESG, PE Deals, and More at the NYSSCPA BV Conference
As usual, the annual New York State Society of CPAs’ Business Valuation and Litigation Services Conference presented some very interesting and useful information. This article provides a recap of what was discussed.
BV News and Trends July 2023
A monthly roundup of key developments of interest to business valuation experts.
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.
BVR to Identify Top-Performing BV Firms and Practices
Since 2007, Business Valuation Resources has been surveying BV firms and practices, collecting the most comprehensive data on operations, financial metrics, compensation, staffing, marketing, billing, resources used, and more. BVR is launching the latest version of this survey—with a new twist.
Last call! June 30 is the deadline for BVR’s benchmarking survey
This Friday, June 30, is the deadline to participate in BVR’s 15-year effort to help understand what makes a good BV practice a great one.
Next week is the deadline for BVR’s benchmarking survey
June 30 is the deadline to participate in BVR’s 15-year effort to help understand what makes a good BV practice a great one.
Deadline looms for BVR’s benchmarking effort
June 30 is the deadline to participate in BVR’s 15-year effort to help understand what makes a good BV practice a great one.
Solid advice on BV career development
A common thread that wove its way through last week’s ASA conference on appraisal career development was the advice to specialize.
Why are valuers changing their Excel models?
In a world of economic turmoil and market volatility, valuation experts say they are spending a lot more time on business valuations.
First-ever conference on soft skills for valuers June 8
This past fall, BVR and the BV recruiting firm Borrowman Baker conducted a survey of American Society of Appraisers (ASA) members under the age of 40 whose primary discipline is business valuation.
Reminder: BVR’s benchmarking survey still open
Every business valuation firm or practice should want to know how to improve their operations, processes, and output.