Posted on October 17, 2010  

October Meeting

When: Thursday, October 21, 2010 from noon-2pm

Where: Schechter Dokken Kanter at 100 Washington Ave S, Ste 1600, Mpls, MN

Box lunch will be provided

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Future Meetings

• November 18, 2010: Mergers & Acquisitions webinar
• December 16, 2010: Annual Valuation Contest with Dan Mulvaney of Sunbelt Advisors
• January 20, 2011: Review Appraisals with Rick Berning
• February 2, 2011: 21st Annual Business Valuation Conference
• March 14, 2011: TBD
• April: NO MEETING due to tax deadlines
• May 19, 2011: TBD

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Webinars

We may purchase and host two webinars at SDK during the upcoming years. Topics may include:

• How to Review an Appraisal
• Tips and Techniques for Managing Client Expectations Up Front

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Financials

• Cash on hand: $17,118 as of September 15, 2010
• Total year-to-date revenue: $7,900
• Net income: $526

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Database of Business Transactions

Robert Strachota suggested that the local business valuation community set up a database of business transactions. Members who verify and submit sales would have access to all the information submitted. Feel free to send comments or suggestions to John Heidebrecht or Bob Strachota.

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Thank You…

…to Jennifer Schiefert and Cassandra Elgersma of Schechter Dokken Kanter for explaining and demonstrating how to use the IBA databases effectively and efficiently. A lively discussion about multiples, reliability of data, and what is an ideal number of transactions followed their presentation.