About Toby
Tatum
Toby has served on the Institute of Business Appraisers Board of Directors, and is a former Editor-In-Chief of that institution’s quarterly journal Business Appraisal Practice. Toby has published five books, many peer-reviewed articles in professional business appraiser journals and has been a guest speaker at several business appraiser conferences. (insert publications link here). Toby was cited by the National Association of Certified Valuation Analyst’s as an Industry Titan (insert Titan link here)meaning he was one of fifty-nine individuals who were recognized as the most influential Professional Financial Consultants in the world.
Toby is a member of the Southern Nevada chapter of Mensa and a member of the Veterans of Foreign Wars. He served in a high-casualty combat company of the
First Air Cavalry Division, United States Army, Republic of Vietnam and is a recipient of the Bronze Star.



JOURNAL ARTICLES BY TOBY TATUM
The Valuation Report published by the International Society of Business Appraisers January 2018
Editor’s Column
Business Appraisal Practice published by the Institute of Business Appraisers July 2016
Industry Insights and Tips
Business Appraisal Practice published by the Institute of Business Appraisers July 2016
Speaking of Averages
Business Appraisal Practice published by the Institute of Business Appraisers July 2016
What You Need to Know About Franchise Value: Part II
Business Appraisal Practice published by the Institute of Business Appraisers April 2016
Some Observations on Tax Affecting
Business Appraisal Practice published by the Institute of Business Appraisers April 2016
Types of Value and Selling Price
Business Appraisal Practice published by the Institute of Business Appraisers November 2015
Valuing a Business via the CAPM and Monte Carlo Simulation
Business Appraisal Practice published by the Institute of Business Appraisers April 2014
Valuing a Small Business via the Bizcomps Database
Valuation Strategies published by Thomson/Reuters Press January 2014
The Danger in the Selling Price-to-Gross Multiple Revisited
Business Appraisal Practice published by the Institute of Business Appraisers January 2014
Analysis of the Bizcomps Database: Past and Present
Business Appraisal Practice published by the Institute of Business Appraisers 2013
Adjusting Seller-Financed Selling Prices to Their All-Cash Equivalent Value
Business Appraisal Practice published by the Institute of Business Appraisers 2012
Some Observations on Statistical Sample Size
Business Appraisal Practice published by the Institute of Business Appraisers January 2012
The Danger in the Selling Price-to-Gross Multiple
Business Appraisal Practice published by the Institute of Business Appraisers 2011
A new method for building a CAPM discount rate for small businesses based on SBBI data
Business Appraisal Practice published by the Institute of Business Appraisers 2010