One of the most important tools for conducting a business valuation thoroughly and on a timely basis is a proper schedule. Most first-time, or in frequent, business valuation clients (and their attorneys) tend to underestimate the amount of lead time necessary for the appraiser to prepare a through and professional opinion. Scheduling problems often arise because:
- The client delays in committing to the project hoping that the valuation problem will go away.
- A major change in some aspect of assignment midway through the project
- The client is not having awareness regarding valuation standards and selection criteria
- Of some external pressures on the client