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2012 Economic Impact on your Business Valuation Practice
1.
Did you have to lay off employees during the 2009 - 2011 downturn?
Yes
No
Please explain:
2.
Do you plan to hire any new employees in 2012?
Yes
No
Please explain:
3.
Over the past few years of economic uncertainty, have you been spending more time...
Externally, on marketing and business development
Internally, on process development
Pretty much even between the two, actually
Same old, same old: we still need to focus on improving internal processes and external practices
Please explain:
4.
In the marketing and business development category, have you . . .
Started (or re-started) a client newsletter, e-alert, or similar publication
Encouraged practitioners to publish, speak, volunteer to participate in professional associations and committees
Spent more time (and money) on client lunches and social gatherings
Mined previous client lists for re-connect opportunities
Updated print and/or website materials
Please explain:
5.
When it comes to process improvement, have you . . .
Updated our analytical models and templates
Improved and and updated our final report language
Shifted higher-level work to lowe-cost employees/staff
Improved our file managment protocol
Other (please specify)
6.
If you plan to make new hires in 2012, what changes in your firm's (or practice's) economic conditions have enabled growth?
Improved receivables position
Expansion of workload beyond capacity to execute
Other (please explain below)
Other (please specify)
7.
Please rank the practice areas listed below:
growth area
opportunities waning
little or no opportunities in 2012
Tax/Estate
growth area
opportunities waning
little or no opportunities in 2012
Family/Matrimonial
growth area
opportunities waning
little or no opportunities in 2012
Bankruptcy
growth area
opportunities waning
little or no opportunities in 2012
Fair value for financial accounting
growth area
opportunities waning
little or no opportunities in 2012
Business transfer/succession/M&A
growth area
opportunities waning
little or no opportunities in 2012
Health care
growth area
opportunities waning
little or no opportunities in 2012
Incentive compensation/stock options/409a/ FAS 123R
growth area
opportunities waning
little or no opportunities in 2012
Shareholder disputes (particularly litigation)
growth area
opportunities waning
little or no opportunities in 2012
Forensic services
growth area
opportunities waning
little or no opportunities in 2012
Other (please specify below)
growth area
opportunities waning
little or no opportunities in 2012
Other (please specify)
8.
Please offer your comments on the impact of the economic crisis (and potential recovery) on the BV profession and your ability to win work, hire new talent, and transiton into the coming years.
