At 1:00 PM, October 20, 2021, Gregory Caruso is giving a two hour presentation to the Rhode Island Chapter of the National Association of Certified Valuators and Analysts (NACVA).
The business valuation presentation is based on the methodology explained in Greg’s book, “The Art of Business Valuation, Accurately Valuing a Small Business.” The primary focus will be on using the market method to evaluate small and micro businesses with revenues below $10 million.
Versions of this presentation can be given from 50 minutes to 3 hours. We also can provide CPE for most CPA groups. This and other presentations can be modified to fit many groups with an interest in business valuation, growing and exiting businesses.
Greg regularly gets high rankings (4.7 out of 5) from virtual audiences of up to 500 people.
Let’s say you are doing a home renovation. You’d expect the professionals you hire (from the carpenter to the plumber) to actually be able to do the work you need. When we hire any professional for any task, we expect them to be professionals who can do their job well.
The same is true for Certified Valuators and Analysts® (CVA’s). In fact, the NACVA’s Professional Standards says that, “A member shall only accept engagements the member can reasonably expect to complete with a high degree of professional competence.” Basically, it is unethical for CVA’s as professional valuators to say we can do something that we can’t.
However, this standard can prevent us from taking engagements that we aren’t qualified to do. So how do we take our practice to the next level? In a recent article for Association News, the newsletter for the National Association of Certified Valuators and Analysts, I suggest three main ways in which valuators can expand their knowledge, and therefore their practice.
I suggest you explore the tools that the NACVA makes available to members (and valuators should become members to access these tools). In my decades of work as a valuator, I have also found that a network of trusted peers (whether through your firm or the NACVA’s Mentor Support Program) can be really helpful. Finally, there are so many resources that others have to offer (including this blog and my book). Simply searching the internet for what you need may help you learn more.
“This is a book review of The Art of Business Valuation: Accurately Valuing a Small Business by Gregory R. Caruso, author. This book is a guide and desk reference published by Wiley for valuing small and micro businesses under $10 million in revenues.
The primary question answered in the book is: How do we as business valuators, business brokers, accountants, lawyers, owners, and other interested parties who prepare, review, evaluate, or use business valuations for small and very small businesses in difficult environments?
This is an environment where owners are still engaged in planning for the future. The owners are taking out loans. They are adding and eliminating partners who are often lifelong friends or family members, adding to the volatility of the mix. They are getting divorces. Some are even selling or filing for bankruptcy.
All of these common activities require an accurate business valuation; this is not just a matter of applying techniques, it requires that the person valuing the business continually ask him or herself “Does this make sense?”
The book, “The Art of Business Valuation, Accurately Valuing a Small Business” has 400 pages covering many professional judgement, calculation, standards, and other important valuation issues along with access to sample reports, calculators, and checklists downloadable from the web. This will be the one book you will reach for if you value or rely on valuations of micro or small businesses with revenues under $10 million. The book published by Wiley is available at your preferred bookseller. To Buy from Amazon Click Here
Greg Caruso, JD, CPA, CVA, the author of “The Art of Business Valuation, Accurately Valuing a Small Business” 2020 published by Wiley is always available to prepare (or review) business valuations for all purposes and situations.
JOIN our email list to stay current on changes in small business valuation. Things like how addressing Covid is changing business valuations.
“Back to Basics – COVID-19’s Impact on Micro and Small Business Valuation” is a Business Valuation Article on Small and Micro Business Valuation during a time of extreme risk due to Covid-19 appearing in Quick Read a NACVA Journal on Business Valuation.
Businesses were thrown for a loop when Covid-19 hit. It is reported that over 100,000 business have closed their doors due to fear of congregating, shut down orders, stay home orders and changes in consumer and business actions and habits.
This sea change for business certainly increased risk as measured by finance and business valuation professionals. Risk for financial analysts is the likelihood that projected cash flows will be met. How to measure the project micro and small business value during times of high risk caused by Covid-19 requires a back to basics approach.
In this article Greg Caruso proposes that business has been under unforeseen stress before. The gas crisis in the ’70’s, the Savings & Loan crisis in the 1990’s, the housing mortgage bubble in 2008, and other shocks provide historic perspective and call for a back to basics approach when valuing small and micro businesses.
More webinars on the “Valuing Small Businesses in the Shadow of COVID-19″ topic and other business valuation topics are being scheduled in the upcoming weeks. If you are interested in participating, please visit our Upcoming Events page
The Value Examiner® is an independent, professional development journal dedicated to the exploration of value and its ramifications for consultants published by NACVA (National Association of Certified Valuators and Analysts)
I am pleased to announce that I have been chosen to write a column on Small and Micro Business Valuation issues for “The Value Examiner” starting with this most recent edition.
In “Size Matters -Valuation of Small and Micro Businesses”, I will focus on matters of particular importance to businesses under $10M in revenues.
In the November/December issue, I present a case study of a recent valuation of a general contractor with a 6/30/2020 valuation date, near the peak of uncertainty from Covid-19.
The book, “The Art of Business Valuation, Accurately Valuing a Small Business” has 400 pages covering many professional judgement, calculation, standards, and other important valuation issues along with access to sample reports, calculators, and checklists downloadable from the web. This will be the one book you will reach for if you value or rely on valuations of micro or small businesses with revenues under $10 million. The book published by Wiley is available at your preferred bookseller. More information can be found at www.theartofbusinessvaluation.com
Finally Greg Caruso, JD, CPA, CVA, the author is always available to prepare (or review) business valuations for all purposes and situations.
JOIN our email list to stay current on changes in small business valuation, including how to address changing business valuations because of COVID-19.
