Day in the Life of a Business Valuator: Interview with Andrew Yas Accounting Exposed

Andrew Yas is a business valuator for the Business Development Bank of Canada or BDC. Business valuators are so important because they help provide a credible estimate of a business's worth. There are various methods depending if the business is a going concern or near liquidation. There is the asset based method, market based method as well as other methods. Another important factor to consider is industry comparisons. With new tech startups that don't have a history of sales and other variables, it is more difficult to get an industry comparison, which is a challenge for business valuators.