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Outsourcing offers you a way to free up time and boost efficiency. If your business valuation firm isn’t growing at the pace you envisioned, addressing inefficiencies by hiring outside workers to handle key tasks can make a shocking difference. Your business will grow...

Identifying seemingly small ways to boost your 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘺 can play a critical role in your business valuation firm’s success. Conversely, it’s also smart to pay attention to all those “minor” 𝘪𝘯𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘪𝘦𝘴 that, over time, can drag your firm down and prevent it from...

You probably know the Pareto Principle, aka the 80/20 rule: 80% of the consequences in any situation tend to result from 20% of the causes. For business owners, what this means is that 80% of your revenue comes from 20% of your clients, or 20% of your overall efforts....

You started your business valuation firm with optimism and enthusiasm. It’s okay to admit your attitude may have changed if the firm isn’t growing as quickly as you imagined it would. Take a breath. Remind yourself that growth is non-linear. This is as true of a...

You probably had many reasons to start a business valuation firm. At the top of the list: Owning a business instead of working for someone else, and all the freedom and opportunity that comes with that. Here’s the problem, though: Even if you’re technically the owner...

Outsourcing is an effective way to save time as a busy professional running a business valuation firm. You likely already know this. By outsourcing tasks to a freelance team, you can focus on the tasks that genuinely drive your firm’s growth. But there are times when...

When a business isn’t growing as fast as its owner would like, the impulse is usually to buckle down, apply the nose more firmly to the grindstone, and work harder. Makes sense. Hard work is the reason you’ve gotten as far as you have. The past is prologue. Hard work...

Stephen Covey’s Four Quadrants of Time Management matrix is rightly famous for helping people in all industries and fields increase their productivity through prioritizing. Earlier we discussed about how they can also help you identify the root causes of some of the...

Steven Covey’s famous 4 quadrant assessment of work is a vital tool. To make REAL progress on freeing yourself from the stresses of your BV business, you must make time to solve your problems at their root. Every owner who’s honest with themselves knows that. Use...

You can capitalize on the increased demand for business valuation services, even if yours is a small firm with limited resources. One place to start: Study the success of your competitors. Watching what they do and don’t do can help you think of your own ways to take...

Consider hiring outside the US for business valuation freelancers If you’ve reached the point where you need to hire freelance business valuation professionals to help with your workload, congratulations. This is a great position to be in. The outlook is sunny. Your...

Demand for your services is high these days if you run a firm offering business valuation help. This news should fill you with joy and a sense that the world is your oyster. It should. But if you can’t meet that demand because you don’t have the staff to handle a...

Business valuation services are in high demand now, and new opportunities in the field abound. We don’t want to look any gift horses in the mouth, but we were curious as to what’s driving this surge. Here’s what we found: • Increased regulation: Businesses across a...

How big firms deal with the shortage of business valuation freelancers When there are fewer than 12,000 certifications issued by credentialling organizations (and many appraisers have more than one!), finding domestic freelancers to staff a business valuation firm...

Hiring an in-house team is more costly than your small business valuation firm can afford. Enlisting an outsource firm isn’t your only option when you need business valuation help. You could also hire an in-house team. The in-house option makes sense if you have a...

A spate of new clients and some promising contracts: you had the wind at your back for a while, so you took the plunge, added more cargo, and brought on more staff to help work the sails. But, as is the nature of things, flow turned to ebb and the work slowed back...

Most people realize it’s time to grow their team after they’ve been overrun with work—i.e. when it’s too late. Let’s face it: If you’re running your own business valuation firm, you’re a pretty confident person who can handle some hard work. As the projects start...

When you want to grow your business, you need to bring on more clients, and you need more team members to help you with the workload. But you can’t bring on new staff until you have the revenue from new clients to pay them. It’s a catch-22. And so stressful!...

Working with a team means being a team first What do you mean the team members from your outsourced firm aren’t learning your models and reports? The whole point of adding new team members is for them to join the team—not just wander off into left field. Your business...

With Project Status, Silence isn’t Golden Handing over a project to an outsourced business valuation firm and hoping for an on-time, accurate report shouldn’t be a leap of faith. These are your clients, and you can’t just sit back and hope everything will turn out...

Improved Efficiency and Enhanced Quality Can Go Hand in Hand The thought of error-filled reports might already keep you awake at night. The idea of adding outsourcing to the mix might seem overwhelming, especially when you consider the potential hours spent correcting...

When you want to grow your business, you need to bring on more clients, and you need more team members to help you with the workload. But you can’t bring on new staff until you have the revenue from new clients to pay them. It’s a catch-22. And so stressful!...

You’ve locked down your work site and the equipment on it. Your digital security is state of the art. The fortress is strong, your clients’ information safe and secure. Disaster? Inconceivable! Until it isn’t. Who knows which horsemen of the apocalypse might cous...

Earlier, we mentioned about building a fortress around your clients’ data in a physical sense: maintaining a secure worksite, whether your operations are down the block or overseas; using company-owned equipment; deploying your IT team to the watch towers; and...

Working on a business valuation means accessing your clients’ most sensitive, precious information—which they’re trusting you to keep secure and private. With great access comes great responsibility. And with great responsibility comes great worry, and stress, and...

Have you read the recent article "Big Four Focus on Practice Management at the ASA Fair Value Conference" from the June 2024 BV Update? We did and felt there needed to be some response! There is a theme throughout the article about how “offshoring” is a necessary...

Starting a business valuation (BV) practice is taking a great leap into the unknown -- you place a mortgage-sized bet on your own skills and effort. You rolled the dice on your ability to land projects, perform on them, and actually make a living doing it....

Valuation work can feel like a never-ending cycle of selling and delivering, leaving you tangled up like a Gordian knot. We often get this from our prospective clients -- how can we add leverage or scale if we don't have certainty with my work volume? YOUR reputation...