Home | Amazing | Today | Tags | Publishers | Years | Account | Search 
Know and Grow the Value of Your Business: An Owner's Guide to Retiring Rich

Buy

A woman looking to retire said to author and valuation expert Tim McDaniel, “I need to sell my business for $2.5 million to support my country club lifestyle.” The reality was that her business was worth $750,000. How could she have been so wrong? As McDaniel—a veteran of over 2,000 valuation engagements and dozens of M&A deals—knows all too well, most owners work in their businesses and not on their businesses. He has seen the look of surprise on client faces far too often: “It’s only worth that much?!”

In the rush of day-to-day work and decisions, business owners sometimes forget that their business is an investment—and something they need to watch, nurture, and care for just as they would a valuable antique vase or painting. Know and Grow the Value of Your Business: An Owner's Guide to Retiring Rich shows readers how to develop the “investment mindset,” value the business, bolster that value and maximize the return on their investment, and, finally, exit the business either through a sale to outside parties or by passing it on to family or other business insiders.

This information couldn’t be more important: Typically, 60–80% of a business owner’s wealth is tied up in the value of the business. This is their most important asset, but they usually guess at its value and have no concrete plan to increase it. That’s why this book shows:

  • The importance of treating your ownership interest in a business as something deserving near-daily attention.
  • How a company is valued, and how others outside the business view that value.
  • Steps you can take immediately to increase the value of your business.
  • The different kinds of potential buyers and what attracts them.
  • How to remove yourself from the day-to-day work of the business to plan for a brighter future.
  • How to exit the business on your terms.

In short, this book helps business owners get the most for their business when they decide it’s time to move on.

What you’ll learn

  • The importance of treating your ownership interest in a business the same way you would treat the shares in your stock portfolio: “Like an Investment.”
  • How a company is valued, using terms that business owners can understand.
  • The ways you can increase the value of your business and how an outside buyer will view your company.
  • Existing exit strategies, and the advantages and disadvantages of each.
  • Why timing might be the most critical component of your exit strategy.
  • How to begin the succession planning process and knowing the critical components of a good succession plan.

Who this book is for

Those with businesses with revenues up to about $30 million—90 percent of all business owners in the U.S., according to the United States Census Bureau. This amounts to over 12 million businesses in the United States alone.  The principles the book espouses will be just as valid in countries besides the U.S. except for the tax advice author Tim McDaniel offers.

Table of Contents

  1. Country Club Lifestyle
  2. The Investment Mindset
  3. Valuation Fundamentals
  4. Valuation Approaches
  5. Growing Your Value
  6. Selling Your Business
  7. The Hardest Step: Succession Planning
  8. Know Your Exit Options
  9. Know your Exit Strategy
  10. Time for Action
  11. Epilogue
  12. IRS Revenue Ruling 59-60
  13. Sample Engagement Letter
  14. Sample Due Diligence Request
  15. Sample Family Business Creed
  16. AICPA Statement on Standards for Valuation Services No. 1
(HTML tags aren't allowed.)

High Performance Computing in Science and Engineering 2007
High Performance Computing in Science and Engineering 2007
This book presents the state-of-the-art in simulation on supercomputers. Leading researchers present results achieved on systems of the Stuttgart High Performance Computing Center (HLRS) for the year 2007. The reports cover all fields of computational science and engineering, ranging from CFD and computational physics and chemistry to computer...
Crash Course (US): Metabolism and Nutrition: With STUDENT CONSULT Online Access
Crash Course (US): Metabolism and Nutrition: With STUDENT CONSULT Online Access
Don't panic! "Crash Course" is herethat perfect set of lecture notes which no student ever really has the time to compile. These books deliver all of the information needed to get through a course or prepare for exams. Clear text covers the essential concepts of each discipline or specialty; learning features expedite mastery of the...
Mastering AutoCAD for Mac (Autodesk Official Training Guides)
Mastering AutoCAD for Mac (Autodesk Official Training Guides)

The Best Resource on the Market for Learning AutoCAD for Mac software!

This comprehensive Autodesk Official Training Guide has everything you need to quickly become proficient with every aspect of Autodesk’s new AutoCAD for Mac software. Award-winning author George Omura, whom most CAD designers know and respect from...


Lean Connections: Making Information Flow Efficiently and Effectively
Lean Connections: Making Information Flow Efficiently and Effectively
Achieve effective information flow through the extended value stream to the end customer

Dependable information flow is a necessary prerequisite to the successful implementation of lean production principles. But while most managers understand how to make materials and manpower flow, the flow of information tends to be much...

A Basic Guide for Valuing a Company, 2nd Edition
A Basic Guide for Valuing a Company, 2nd Edition
The Groundwork of Company Valuation for First-time Buyers and Sellers

A Basic Guide for Valuing a Company has helped thousands of first-time buyers and sellers realize a fair, substantiated value for small businesses. Now in its Second Edition, this book covers common valuation techniques and myths, tips for determining tangible and intangible...

Understanding Adobe Photoshop CS4: The Essential Techniques for Imaging Professionals (2nd Edition)
Understanding Adobe Photoshop CS4: The Essential Techniques for Imaging Professionals (2nd Edition)
Photoshop is the foundation of every digital career. It is the most pervasive technology on the market. Many users think they know it, but in truth they have gaping holes. This book covers what a professional truly needs to know about Photoshop to be employable. For students (whether in formal programs, certified training centers, or self-paced)...
©2019 LearnIT (support@pdfchm.net) - Privacy Policy