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Part 1 of 4
You know the name and have likely read one or more of his books. Learn more about Dr. Pratt, a Pioneer of the Profession in Part One of this in-depth interview.
Dr. Shannon P. Pratt has authored 11 books, including the classic Valuing a Business, now in its Fifth Edition. He also started Pratt’s Stats. He has had the most influence in creating a profession for others in valuation. He synthesized financial theory and how it applies to the valuation of closely held businesses.
What one tip would you give those entering the profession right now?
“Read, read, read, and attend conferences.”
What would you consider to be the most important current issue facing the financial consulting profession?
“Litigation. Get accredited in Business Appraisal Review by both NACVA and the American Society of Appraisers; one of the most valuable services.”
What would you consider to be the major growth areas in the financial consulting profession?
“Litigation.”
The post Conversations with the Masters | Shannon Pratt—Pioneer of the Business Valuation Profession, Part 1 appeared first on HumanitasConnects.
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