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Need for Business Valuation for SMEs

2019-09-04     Hits:  

SMEBIZ – Published in The Star, Kuala Lumper, Malaysia

Monday, 26 Aug 2019 By Thean Lee Cheng

EVERYDAY, business entities are bought and sold.

And with more focus given to the SME sector, small businesses could see more (M&A) corporate activities in the coming days. As such, there is a greater need for SME business valuation in the industry.

At a Business Valuation Seminar held last month in Malaysia, it can be observed that there is growing interest from the business sector with regards to generally accepted methodologies used to value the new breed of firms in the technology sector and how their valuations are used in fundraising, sale and merger exercises.

The event was organised by the Business Valuation Association of Malaysia (BVAM), which was set up in 2015.

William Hanlin Jr, president of the International Association of Certified Valuation Specialists in Toronto, Canada, says there are essentially two types of people in the SME segment – current business owners, as well as those who want to own their own small-scale business.

The IACVS association trains and promotes uniform business valuation theory and models around the globe.  

He notes that SMEs form the backbone of a country’s economic power base, and while the owners of these entities are contented to remain small or medium in size, many eventually do become big corporate players.

It stands to reason then that these business entities must be valued based on a set standard and that is what BVAM is advocating.

For more inforamtion, you may visit The Star Online https://www.thestar.com.my/business/smebiz/2019/08/26/need-for-business-valuation-for-smes#YXYOg1gyB7rZfT6J.41(Please paste the link to the browser if you can't open directly)

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