Complete with a CD-ROM
full of practical tools, this crash course in the basics of business valuation is worth
its weight in gold.
For many business owners and
investors, putting an accurate value on a business seems an awesome task. But the
importance of understanding how value is determined cannot be overstated, and the job
needn't be left solely to professionals. The core principles of business valuation are
straightforward - easily within the grasp of most business people.
This book demystifies the
valuation process so that even people with no prior experience can realistically estimate
the fair market value of almost any company. Following the ARM (Adjusted cash flow, Rules
of thumb, Market comparables) approach, the reader will be well-informed in matters of:
Establishing asking prices,
purchase offers, and selling terms
Planning and settling tax
issues
Obtaining bank financing to
purchase or grow a business
Estimating proper risk
management levels
Implementing an Employee
Stock Ownership Plan (ESOP)
...and many more situations
calling for fundamental and accurate business valuation.
Scott Gabehart (Phoenix, AZ)
is a Certified Business Appraiser and licensed business broker.
Richard Brinkley (Plantation, FL) is the former president of VR Business Brokers.
309 pages