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The Seven Deadly Sins of Business Valuation: Entrepreneurs, Small Businesses & Government Guaranteed Lenders by Robert M. Clinger III, after a good introduction to the concept of valuation of a business, discusses the methods practically used by businesses for such calculations. This is the income approach, market approach or the asset approach. The significant pitfalls one might experience are deliberated at length, beginning with the first deadly sin in this regard; confusing fair market value with strategic value. Others which have the potential for errors (sins) follow, such as incorrect adjustment of financial statements, unreasonable forecasts and a few more. In each of these, through sample business data relating to many actual cases, the underlying concept and the relevant calculation steps are analyzed extensively.
The Seven Deadly Sins of Business Valuation: Entrepreneurs, Small Businesses & Government Guaranteed Lenders by Robert M. Clinger III discusses a crucial element of an important part of the US economy: small and medium businesses. In this, value creation is a key financial metric in measuring both the success of the business and the entrepreneur. This book, which is a part of a series devoted to familiarizing one with such areas, does a good job of presenting the matter in a simple and easy to grasp format. As the book provides examples from real life scenarios, understanding the subject matter becomes simple. One observation though; a quick review of the other volumes of this series, if included in this book, would have enabled even better understanding by maintaining continuity.
