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 first order of business: Finding your freelance team. Where do you start your search?
We all like the idea of finding a team close to home. US-based workers have the advantage, we assume, of superior US-based training in their field, plus an innate understanding of American business culture. It’s an excellent plan.
Until you run smack up against the wall in your hiring quest — or, more accurately, into the void. Where is everyone? Hello?
They’re not here, that’s for sure. The supply of US-trained and -based business valuation freelancers has been trending downward for years. The three major credentialing associations for business valuation professionals are:
American Society of Appraisers (ASA)
National Association of Certified Valuators and Analysts (NACVA)
American Institute of Certified Public Accountants (AICPA)
Although data regarding membership in these organizations is sometimes out-of-date or incomplete, the most recent numbers indicate membership in these organizations is trending downward.
The reasons for this predicament are varied (a big one: business valuation professionals in the US are leaving the field in droves). But the solution is pretty straightforward: Adjust your sights and open your mind to India.
Per capita, India has as many business schools as the US — and, it follows, a well-trained, qualified, and exceptionally capable workforce. With a little research on your part, you can find an outsource partner like Assurent Advisors, where most of the associates have Big 4 experience and where the emphasis is on American business practices, culture, and norms.