Valuing Small Businesses and Professional Practices (McGraw-Hill Library of Investment and Finance) (Hardcover)

~ Shannon Pratt (Author), Jr.,Robert Reilly (Author), Robert Schweihs (Author) "The professionalization of the business valuation discipline has progressed significantly since the last edition of this book five years ago..." (more)
Key Phrases: economic income method, asset accumulation method, direct capitalization rate, New York, Reaching the Value, Gateway Pediatrics (more...)

Editorial Reviews

Product Description

The classic bestseller on estimating the value of small businesses and professional practices is fully updated and enhanced. While continuing to take readers step-by-step through the valuation process, it now features timely new or significantly revised chapters on valuation for estate plans, employee stock ownership plans, and corporate partnership dissolutions/buyouts. Along with case studies, it also offers greatly expanded coverage of data sources and their availability to small businesses.

From the Back Cover

As with any skill, the ability to successfully manage a project requires expert training and extensive practice. Today, as global business becomes increasingly complex and stakes become higher, project management is finally getting the recognition it deserves - as a profession, distinct from general management. Mastering Project Management takes you deeper than any previous book into the developing project management body of knowledge. This innovative book provides practical guidance on how project managers can deal with:Managing project risk; Managing resources; Improving estimating capability; Meeting customer requirements; Systems thinking; Performance improvement; Cost/schedule control systems criteria; Managing innovation; Managing and improving quality. Mastering Project Management takes you beyond the basic tools for planning, scheduling, and control, and to the next level of project and more! It ensures that - whether you are employed specifically as a project manager or whether you have a critical project dropped in your lap at the last minute - you will be prepared to take control and guide each project to a successful finish. The complete Small Business Valuation Library IN ONE VOLUME. "The team of Pratt, Reilly, and Schweihs has done it again. This book contains so much useful information that practitioners with any level of experience must have it in their library. While the book itself is good, the bibliographies and resources cited give the practitioner a database full of information." - Gary R. Trugman, CPA, CBA, ASA, CFR, MVS Trugman Valuation Associates. "The eagerly awaited third edition of Valuing Small Businesses and Professional Practices is a "must have" for every valuation professional. In providing essential valuation theory and meaning ful valuation instruction, this treatise is both a comprehensive refernce source and a practical tool. No valuation professional should be without it!" - James L. (Butch) Williams, CPA, CVA Managing Director, Williams Taylor & Associates, P.C. "This third and expanded edition of Valuing Small Businesses and Professional practices is the most comprehensive, readable, and all-around best book ever written on the subject. Whether you are an apprentice or an experienced practitioner, this book is a must." - David M. Bishop, CBA, FIBA, ASA President, American Business Appraisers, Inc. "I always look forward to receiving a copy of the update of Valuing Small Businesses and Professional practices. It provides us with helpful hints, current techniques, and the latest bibliographies of relevant topics. This book and Valuing a Business (by the same authors) are the most used references in our office."\=James bibliographies of relevant topics. This book and Valuin a Business (by the same authors) are the most used references in our office." - James S. Rigby, Jr, ASA President, The financial Valuation Group. For well over a decade, Valuing Small Businesses and Professional practices has been the essential one-volume reference for performing accurate valuation analyses. Its detailed instructions have helped professionals value everthing from "mom-and-pop" operations to businesses worth $5 million or more. Times have changed, however, and new government regulations and legal practices create an environment where lack of current knowledge can be critical - and costly! For this reason, Valuing Small Businesses and Professional Practices is now completely revised and updated to include: More emphasis on the legal context in which valuations are performed; an entirely new chapter on value drivers and their impact on valuation mtheods; New chapters detailing discounts for lack of marketability, public company data, and comparative transaction databases; a greatly revised chapter on alternative dispute resolution, now broadened to explain increasingly popular mediation along with arbitration. When you want every detail on small business valuation, plus hundreds of sources where you can find courses, seminars, books, tapes, supporting quantitative data, and more on any subject, Valuing Small Businesses and Professional Practices, Third Edition, remains the only comprehensive tool of its kind.

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Product Details

• Hardcover: 1056 pages
• Publisher: McGraw-Hill; 3 edition (March 1, 1998)
• Language: English
• ISBN-10: 078631186X
• ISBN-13: 978-0786311866
• Product Dimensions: 11.1 x 8.7 x 2.3 inches
• Shipping Weight: 5.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #81,361 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

7 of 8 people found the following review helpful:

5.0 out of 5 stars A Must Have for the Valuation Library, April 10, 2006

By	Double Dee (Atlanta, GA) - See all my reviews

I open this book every time I do a valuation. It is a great resource when you need to refresh your memory. The example of a professional practice valuation has been especially helpful. It's probably a little much for the business owner wanting to estimate the value of his/her business, but I would definitely recommend it to a professional.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Required reading, May 21, 2007

By	Keith Borglum "Keith Borglum" (Sonoma, CA USA) - See all my reviews

Required reading if you are in the appraisal business, even though it is a little dated.

6 of 8 people found the following review helpful:

5.0 out of 5 stars Worth every penny!, April 5, 2003

By	Jets Fan (United States) - See all my reviews

Business Valuation is the single largest niche practice area for the CPA today. Dr. Pratt covers an extensive amount of material in this text. No valuation specialist should be without this text in his or her reference library.