{"product_id":"the-art-of-business-valuation-isbn-9781119605997","title":"The Art of Business Valuation","description":"\u003cp\u003e\u003cb\u003eStarting from the practical viewpoint of,\u003c\/b\u003e\u003cb\u003e “I would rather be approximately right than perfectly wrong” this book provides \u003c\/b\u003e\u003cb\u003ea commonsense comprehensive framework for small business valuation that offers solutions to common problems faced by valuators and consultants both in performing valuations and providing ancillary advisory services to business owners, sellers, and buyers.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIf you conduct small business valuations, you may be seeking guidance on topics and problems specific to your work. \u003ci\u003eFocus on What Matters: A Different Way of Valuing a Small Business\u003c\/i\u003e fills a previous void in valuation resources. It provides a practical and comprehensive framework for small and very small business valuation (Companies under $10 million of revenues and often under $5 million of revenues), with a specialized focus on the topics and problems that confront valuators of these businesses.\u003c\/p\u003e \u003cp\u003eLarger businesses typically have at least Reviewed Accrual Accounting statements as a valuation starting point. However, smaller businesses rarely have properly reviewed and updated financials. \u003ci\u003eFocus on What Matters\u003c\/i\u003e looks at the issue of less reliable data, which affects every part of the business valuation. You’ll find valuation solutions for facing this challenge.\u003c\/p\u003e \u003cp\u003eAs a small business valuator, you can get direction on working with financial statements of lower quality. You can also consider answers to key questions as you explore how to value each small business.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eIs this a small business or a job?\u003c\/li\u003e \u003cli\u003eHow much research and documentation do you need to comply with standards?\u003c\/li\u003e \u003cli\u003eHow can you use cash basis statements when businesses have large receivables and poor cutoffs?\u003c\/li\u003e \u003cli\u003eShould you use the market method or income method of valuation?\u003c\/li\u003e \u003cli\u003eTechniques that improve reliability of the market method multiplier\u003c\/li\u003e \u003cli\u003eHow might you tax affect using the income method with the advent of the Estate of Jones and Section 199A?\u003c\/li\u003e \u003cli\u003eDo you have to provide an opinion of value or will a calculation work?\u003c\/li\u003e \u003cli\u003eHow do you calculate personal goodwill?\u003c\/li\u003e \u003cli\u003eAs a valuation professional how can you bring value to owners and buyers preparing to enter into a business sale transaction?\u003c\/li\u003e \u003cli\u003eHow does the SBA loan process work and why is it essential to current small business values?\u003c\/li\u003e \u003cli\u003eWhat is the business brokerage or sale process and how does it work?\u003c\/li\u003e \u003cli\u003eHow do owners increase business value prior to a business sale?\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis book examines these and other questions you may encounter in your valuation process. You’ll also find helpful solutions to common issues that arise when a small business is valued.\u003c\/p\u003e \u003cp\u003eForeword vii\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eChapter 1 What is My Business Worth? 1\u003c\/p\u003e \u003cp\u003eChapter 2 Valuation Basics 3\u003c\/p\u003e \u003cp\u003eChapter 3 Why is Valuing Small Businesses Different from Valuing Larger Businesses? 29\u003c\/p\u003e \u003cp\u003eChapter 4 Assessing the Subject Company 37\u003c\/p\u003e \u003cp\u003eChapter 5 Normalization of Cash Flows 81\u003c\/p\u003e \u003cp\u003eChapter 6 Market Approaches 107\u003c\/p\u003e \u003cp\u003eChapter 7 Asset Approaches 145\u003c\/p\u003e \u003cp\u003eChapter 8 Income Approaches 157\u003c\/p\u003e \u003cp\u003eChapter 9 Valuing Partial Interests in a Business 221\u003c\/p\u003e \u003cp\u003eChapter 10 Goodwill and the Small Business 255\u003c\/p\u003e \u003cp\u003eChapter 11 Accounting Issues with Small and Very Small Businesses 265\u003c\/p\u003e \u003cp\u003eChapter 12 Details for Business Valuators 301\u003c\/p\u003e \u003cp\u003eChapter 13 Assisting the Small Business Buyer or Seller 317\u003c\/p\u003e \u003cp\u003eChapter 14 How to Review a Business Valuation 369\u003c\/p\u003e \u003cp\u003eChapter 15 Final Thought 397\u003c\/p\u003e \u003cp\u003eAbout the Website 399\u003c\/p\u003e \u003cp\u003eIndex 401\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eGREGORY R. CARUSO, JD, CPA, CVA,\u003c\/b\u003e is a Partner at Harvest Business, LLC. He has been a business valuator, real estate broker, business broker, transactional attorney, and business owner. For 20 years he has provided business brokerage and business valuation services. He is Editor in Chief of “Around the Valuation World,” the NACVA’s monthly continuing education webinar.   \u003c\/p\u003e\u003cp\u003eWith this insightful and authoritative resource, author Gregory R. Caruso explains to readers why valuing small and very small businesses is different from valuing larger ones. He also describes, in practical and concrete detail, how to do it effectively. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Art of Business Valuation: Accurately Valuing a Small Business\u003c\/i\u003e is written in a straightforward and accessible style. Throughout the entire book, the author consistently applies a basic question to each of the business valuation methods he investigates: Does this make sense? \u003c\/p\u003e\u003cp\u003eMarket, asset, and income approaches to business valuation are all discussed in detail, as is the valuation of partial interests in small businesses and goodwill in a small business. The author also comprehensively examines common small and very small business accounting issues and details that should not be overlooked by business valuators assisting small business buyers and sellers. Finally, and especially valuable to the small business owner and advisors, \u003ci\u003eThe Art of Business Valuation\u003c\/i\u003e includes a detailed description of how a business valuation should be reviewed and critiqued. \u003c\/p\u003e\u003cp\u003eThere are many books about business valuation, but nearly all of them focus on medium- to large-sized companies. By keeping the focus on small and very small businesses, this book provides a one-of-a-kind resource for anyone required to put a number to the worth of their business. It provides indispensable advice with respect to which of the commonly used valuation approaches and methods work for small and very small businesses. \u003c\/p\u003e\u003cp\u003eThis work also includes two websites that contain related materials including calculations, checklists, and sample reports demonstrating concepts from the book. \u003c\/p\u003e\u003cp\u003eThe book is perfect for both new and experienced business valuators, certified public accountants, business analysts, business owners, small business attorneys, and business brokers. It belongs on the shelf of anyone who hopes to get a clearer financial picture of a small business, whether their own or someone else’s.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990160359653,"sku":"NP9781119605997","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119605997.jpg?v=1761786734","url":"https:\/\/k12savings.com\/products\/the-art-of-business-valuation-isbn-9781119605997","provider":"K12savings","version":"1.0","type":"link"}