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If They Can Sell Pet Rocks Why Can't You Sell Your Business (For What You Want)?

A valuable resource for business owners and entrepreneurs at any stage of the selling process.

Martinka (Buying a Business That Makes You Rich, 2013) provides a comprehensive plan for selling one’s company, with a focus on preparation.

The book’s opening provides a general overview of the reasons to sell a business. In it, the author explains that owners should set up a company with a future sale in mind—even if they don’t plan to sell it soon. Martinka then delves into his thorough program for preparing a business for sale. First, he talks about acquiring other companies to quickly grow one’s business; then, he covers the basics of due diligence and what sellers should expect from the process, particularly regarding specific financial details. The book then touches on how to manage growth, providing information on determining a company’s organization, assessing a business’s true value beyond its simple financial statements, and factoring in the importance of employees and company culture. After breaking down valuation and potential loopholes and surprises, Martinka describes the selling process itself and what sellers can expect after it’s complete. As he mentions in his introduction, many books focus on the actual selling process, but few provide much information on how to prepare for a future sale. This book makes up for that lack with many tips and suggestions that owners may use for several years beforehand. Not only do these procedures make one’s business more salable, he says, they can also make it more profitable. The book also includes several helpful guest essays about technical aspects of selling a business, but the fact that he includes the authors’ contact information gives the odd impression of advertising in the middle of his book. If the author had moved this information to one of the appendices, it might have made for a smoother presentation.

A valuable resource for business owners and entrepreneurs at any stage of the selling process.

Pub Date: July 7, 2014

ISBN: 978-1495478253

Page Count: 288

Publisher: CreateSpace

Review Posted Online: Oct. 27, 2014

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GOOD ECONOMICS FOR HARD TIMES

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 28, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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#GIRLBOSS

Career and business advice for the hashtag generation. For all its self-absorption, this book doesn’t offer much reflection...

A Dumpster diver–turned-CEO details her rise to success and her business philosophy.

In this memoir/business book, Amoruso, CEO of the Internet clothing store Nasty Gal, offers advice to young women entrepreneurs who seek an alternative path to fame and fortune. Beginning with a lengthy discussion of her suburban childhood and rebellious teen years, the author describes her experiences living hand to mouth, hitchhiking, shoplifting and dropping out of school. Her life turned around when, bored at work one night, she decided to sell a few pieces of vintage clothing on eBay. Fast-forward seven years, and Amoruso was running a $100 million company with 350 employees. While her success is admirable, most of her advice is based on her own limited experiences and includes such hackneyed lines as, “When you accept yourself, it’s surprising how much other people will accept you, too.” At more than 200 pages, the book is overlong, and much of what the author discusses could be summarized in a few tweets. In fact, much of it probably has been: One of the most interesting sections in the book is her description of how she uses social media. Amoruso has a spiritual side, as well, and she describes her belief in “chaos magic” and “sigils,” a kind of wishful-thinking exercise involving abstract words. The book also includes sidebars featuring guest “girlbosses” (bloggers, Internet entrepreneurs) who share equally clichéd suggestions for business success. Some of the guidance Amoruso offers for interviews (don’t dress like you’re going to a nightclub), getting fired (don’t call anyone names) and finding your fashion style (be careful which trends you follow) will be helpful to her readers, including the sage advice, “You’re not special.”

Career and business advice for the hashtag generation. For all its self-absorption, this book doesn’t offer much reflection or insight.

Pub Date: May 6, 2014

ISBN: 978-0-399-16927-4

Page Count: 256

Publisher: Portfolio

Review Posted Online: June 22, 2014

Kirkus Reviews Issue: July 15, 2014

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