Relative to “Those” Competitors Many BVFLS practitioners have a mind-set that presents a self-made obstacle to successfully marketing their professional services. In this article Rod Burkert shares three reasons he has observed that may explain why we, as professionals, struggle with pricing relative to “those” competitors and suggests ways to address those concerns of losing out on price. I want to go on record that I am not immune to price compression. And if I haven’t said that before, I’m saying it now. But if I’ve been more fortunate than others it’s because, in the years after the Great Recession…
-
-
Authored by: James R. Hitchner; R. James Alerding; Joshua B. Angell; and Katherine E. Morris The author provides a review of Discount for Lack of Marketability Guide and Toolkit, authored by James Hitchner; R. James Alerding; Joshua B. Angell; and Katherine E. Morris.
-
Mercer Capital started writing weekly about fair value reporting in 2013. Looking back over more than three years and 150 posts, it seemed an opportune time for them to review their posts and compile what might, for lack of a better term, be called a “Greatest Hits” collection of their favorites. Travis Harms, lead of Mercer Capital’s Financial Reporting Valuation Group, introduces you to their new book entitled, Market Participant Perspectives: Selections from Mercer Capital’s Financial Reporting Blog. To learn more about this collection, read the full article in Mercer Capital’s Financial Reporting Blog, click: Market Participant Perspectives. This article…
-
Hitchner, Pratt, and Fishman Answer the Call In the past month, business valuation professionals have read reviews from a number of practitioners serving as reviewers for the Q&A Guide. All of them are positive. In this book review, we go into a little more detail and discuss what these established and accomplished business valuation professionals and leaders answer in the Q&A Guide. So, what does this book cover? What is not covered? These questions are answered in this review.
-
Enterprise Value is a Perpetuity Concept, but Shareholder Level Values Depend on Expected Holding Periods. Here’s Why the Difference Matters. The conceptual logic regarding the income approach is difficult to refute, writes Chris Mercer on the Valuation Speak blog. What can cause expected cash flows to minority shareholders to be less than the expected cash flows of the enterprise? What can cause the expected growth in value, from the minority shareholder’s perspective, to be less than the expected growth in value for the enterprise from the viewpoint of a purchaser today? What factors create additional risks for minority shareholders, in…