Skip to main content

Introducing new learning courses and educational videos from Apress. Start watching

  • Book
  • © 2013

Know and Grow the Value of Your Business

An Owner's Guide to Retiring Rich

Apress

Authors:

  • Know and Grow the Value of Your Business: An Owner's Guide to Retiring Rich stresses the importance of treating your ownership interest in a business the same way you would treat assets in your stock portfolio—like an investment—to maximize the return on your investment.

Buying options

eBook
USD 29.99
Price excludes VAT (USA)
  • ISBN: 978-1-4302-4786-9
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD 37.99
Price excludes VAT (USA)

This is a preview of subscription content, access via your institution.

Table of contents (16 chapters)

  1. Front Matter

    Pages i-xvi
  2. Treating Your Company Like an Investment

    1. Front Matter

      Pages 1-1
    2. Country Club Lifestyle

      • Tim McDaniel
      Pages 3-14
    3. The Investment Mindset

      • Tim McDaniel
      Pages 15-28
  3. Knowing and Growing Your Business Value

    1. Front Matter

      Pages 29-29
    2. Valuation Fundamentals

      • Tim McDaniel
      Pages 31-50
    3. Valuation Approaches

      • Tim McDaniel
      Pages 51-70
    4. Growing Your Value

      • Tim McDaniel
      Pages 71-92
    5. Selling Your Business

      • Tim McDaniel
      Pages 93-114
  4. Getting Out Alive: Planning Your Exit

    1. Front Matter

      Pages 115-115
    2. The Hardest Step: Succession Planning

      • Tim McDaniel
      Pages 117-130
    3. Know Your Exit Options

      • Tim McDaniel
      Pages 131-150
    4. Know Your Exit Strategy

      • Tim McDaniel
      Pages 151-162
    5. Time for Action

      • Tim McDaniel
      Pages 163-172
    6. Epilogue

      • Tim McDaniel
      Pages 173-174
  5. Appendices

    1. Front Matter

      Pages 175-175
    2. IRS Revenue Ruling 59–60

      • Tim McDaniel
      Pages 177-186
    3. Sample Engagement Letter

      • Tim McDaniel
      Pages 187-190
    4. Sample Due Diligence Request

      • Tim McDaniel
      Pages 191-200
    5. Sample Family Business Creed

      • Tim McDaniel
      Pages 201-204

About this book

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.

About the author

Tim McDaniel is director of business valuations at Rea & Associates in Columbus, Ohio. McDaniel specializes in business valuation and succession planning. He is a recognized leader in the business valuation field, having been involved in over 1,800 valuation engagements and numerous merger-and-acquisition transactions. He also consults with family businesses on integrating family and business issues surrounding succession planning. McDaniel prides himself on using plain English to teach business owners the value of their most prized asset and how to increase that value. A certified public accountant and the author of nearly twenty articles in publications like CPA Voice, American Venture Magazine, and Practical Tax Strategies, he has obtained the top three professional valuation credentials (ASA, CBA, ABV).

Bibliographic Information

  • Book Title: Know and Grow the Value of Your Business

  • Book Subtitle: An Owner's Guide to Retiring Rich

  • Authors: Tim McDaniel

  • DOI: https://doi.org/10.1007/978-1-4302-4786-9

  • Publisher: Apress Berkeley, CA

  • eBook Packages: Business and Economics, Business and Management (R0), Apress Access Books

  • Copyright Information: Tim McDaniel 2013

  • Softcover ISBN: 978-1-4302-4785-2

  • eBook ISBN: 978-1-4302-4786-9

  • Edition Number: 1

  • Number of Pages: XVI, 252

  • Topics: Business and Management

Buying options

eBook
USD 29.99
Price excludes VAT (USA)
  • ISBN: 978-1-4302-4786-9
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD 37.99
Price excludes VAT (USA)