Conceiving an idea is rarely a solo act. A successive creative endeavor involves inputs from people having diverse background. This is more apt for valuation profession as it involves understanding of different businesses on a regular basis. No single person or an organization can claim to have understanding of all types of businesses. Valuation practioners would agree that the first and most important step in business valuation isunderstanding of the business (the “Dhandho”). However, collective expertise is distributed across people, places, industry associations and smaller groups and associations.
Today valuation profession faces a conundrum, starting from understanding of businesses to implementing globally accepted business valuation principles and practices. The only way to address complex issues in valuation is coming together of specialists, super specialists, regulators, learners and users at one common platform.
Founded in 2015, the IBVA (International Business Valuers Association)is the answer for addressing full spectrum of valuation practices and is in a position to create a ‘valuation infrastructure’ for stakeholders. It is poised to be the largest, prestigious and most engaging valuation association. We are determined to be the best by attracting people with “growth mind set” (those who strive to learn, and consistently see potential to develop new skills) from diverse background, discipline, gender and nationality. We value potential, capacity and a passion for learning valuation principles and practices rather than credentials and past accomplishments. We strive to provide structured valuation education and training in order to bring in ‘valuation discipline’ in the overall hierarchy of business valuation.