By John Borrowman, CPC
Borrowman Baker, LLC, BV Staffing + Consulting
Doesn’t it seem like only yesterday that you were starting out the new year with goals in place? And here we are at the halfway mark.
Now that your crystal ball has had some time to warm up, how clear is the picture of the rest of the year?
Where do you think the biggest chunk of BV revenue will come from in 2005? Our Salary Survey shows that, for 2003, BV Litigation Related revenue was reported by nearly 95% of the participating firms. On average, revenue from this service line was 32% of total revenue. Revenue from Compliance (e.g., tax, GAAP and/or regulatory driven) was reported by three-fourths of the firms and, on average, comprised 29% of total practice revenue. Transactional (involving some form of transactional activity) engagement revenue was third, followed by Non-BV Litigation Related assignments.
Will BV Litigation Related revenue remain in first place? Will revenue from Transactional engagements outpace that from Compliance?
How do your predictions for your own firm’s revenues stack up against your thoughts about the industry as a whole? Are you riding the tide? Or, bucking it?
For many practitioners we talk to, the attractiveness of business valuation lies in always encountering something new; a new type of business, a new problem to be solved. The other side of that coin, of course, is the uncertainty that can keep you up at night. What is that uncertainty? What is it that keeps you up at night?
Take a minute and participate in a quick survey about these questions. Click here.
Results will be presented in our Third Quarter issue of The Business of Valuation.