February 7, 2019, Chicago, Illinois—Business Valuation Association: The Evolution of the Distributor Method
The application of the distributor method in valuing customer relationships has become a mainstream methodology in the valuation professional’s toolkit. However, as we consider how other types of customer-related intangibles are valued the method has now evolved into a foundational analytical tool to assist in determining cash flow, discount rates, and value. Mr. PJ Patel, […]
April 11, 2019, Chicago, Illinois—Business Valuation Association: Growth Rates
The estimate of a long-term sustainable growth rate for a business enterprise is a key input for valuation estimates using the Income Approach. Research on long-term growth rate estimates disclosed in SEC filings suggests a wide range of growth estimates have been used by appraisers. And what is the relationship between the long-term sustainable growth […]
May 16, 2019, Chicago, Illinois—Business Valuation Association: Expert Witness Strategies and Tips
This session is designed to discuss things that practitioners should do to become a better expert witness. Gary Trugman, CPA/ABV, ASA, MVS, will discuss some do’s and don’ts of expert witnessing and ways that an expert can get in trouble even without trying
Mr. Trugman is the President of Trugman Valuation Associates Inc., a business valuation […]
December 2018—NACVA Indiana State Chapter Meeting: Income Approach and Cost of Capital/Rates of Return, plus Discounts and Premiums and Business Valuation Standards and Ethics
Chapter president Paul Wonch facilitates a panel of BV experts discussing each topic.
May 10, 2018, Business Valuation Association of Chicago—Tax Cuts & Jobs Act and the Van Vleet Model
The speaker for this program is Daniel R. Van Vleet, ASA, Managing Principal at The Griffin Group. Mr. Van Vleet will detail the important valuation related aspects of the Tax Cuts and Jobs Act and demonstrate how they impact both business valuation models and the values of C corporations, PTEs, and their respective ownership interests. The […]
Evolve or Die
By Paul Wonch, MBA, CPA/ABV, CVA, MAFF
The best book I read in 2017 was Principles by Ray Dalio, published by Simon and Schuster in 2017. In it he uses the phrase “evolve or die.” What he is talking about is the idea that everything is evolving over time. For businesses it suggests that successful ones have found […]