How to Avoid FOMO and Capitalize on Growing Demand for Business Valuation Services

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 bigger workload, you’re probably feeling something else: Resentment. Grumpiness. A desire to go back to bed for the day or week or forever.

Don’t underestimate the degree to which watching everyone feast while you nibble on crackers can sap your motivation. FOMO isn’t just for your friends’ vacations or the gatherings you weren’t invited to. The stress and despair associated with missing out on key business opportunities are real, and they make it hard to stay motivated.

We encourage anyone struggling with their mental health to talk to a therapist and find useful coping strategies. We aren’t trained for that, but we do have some tips for optimizing your workplace so you can start taking a bigger bite out of the pie everyone else is enjoying so much.

You can leverage increased demand for business valuation services, even if you’re running a pretty small shop, by:

• Ethically and carefully using AI tools to automate as many tasks as you can. The goal is to save time (without sacrificing work quality!) that could be more productively spent elsewhere.

• Temporarily modifying your overtime policies so current team members can take on more work. Set an end date for the temporary policies so everyone knows the situation is finite.

• Outsourcing some of your work to freelancers. The key here is to partner with an outsource firm that can handle the time-consuming work of vetting, onboarding, and training staff so you don’t have to. Look for a firm with a reputation for consistently high-quality work.

The right team is critical if you’re going to outsource your business valuation tasks. At Assurent Advisors, we can help you find the right team for your needs.