A deftly written, exceedingly thorough, and highly informative business guide.

BUY THEN BUILD

HOW ACQUISITION ENTREPRENEURS OUTSMART THE STARTUP GAME

An entrepreneur/investor delivers a solid approach to business ownership.

Early on in this impressive debut, Deibel sets up his enticing argument, advising that “the startup phase is a company killer” and proposing “a path that could bypass the startup phase altogether.” His concept, “acquisition entrepreneurship,” involves buying an existing business and growing it instead of starting from scratch. On the surface, this may not seem like much of a revelation, but the author, who has acquired seven companies, claims the idea “hasn’t penetrated the entrepreneurship community much beyond the elite universities.” For those entrepreneurs intrigued by the idea, this book is a top-notch, start-to-finish, comprehensive manual. Divided into four parts (Opportunity, Evaluation, Analysis, and Execution), this smart volume covers all the bases, offering a complete plan for exactly how to go about finding a company to buy, making an offer, purchasing the business, and transitioning ownership. Deibel uses his own experiences, supplemented by research and interviews, to present a substantive case for his entrepreneurial method. The guide is an excellent blend of strategy and how-to with liberal doses of both. For example, it explores the strategic potential of buying a company from baby boomers, who “are already selling off their established, successful small businesses at record rates.” On the tactical side, the work runs through the specifics of how to define a target company by identifying an “opportunity profile” and creating a “target statement.” In the section on analyzing a potential acquisition, the author’s strength as an investor shines through as he carefully walks readers through the basics of evaluating a business, analyzing financial statements, and valuing a company. This part of the book should help to demystify the business valuation process for many entrepreneurs. Of great benefit is a chapter that delves into the mindset of the seller. Here, the author provides several techniques for the buyer to engage in meaningful, nonthreatening conversations with the seller. There isn’t much lacking in this work; the manual wraps up with all the steps involved in executing a sale and closes with a useful three-month plan for ownership transition.

A deftly written, exceedingly thorough, and highly informative business guide.

Pub Date: Oct. 30, 2018

ISBN: 978-1-5445-0113-0

Page Count: 310

Publisher: Lioncrest Publishing

Review Posted Online: Jan. 3, 2019

Kirkus Reviews Issue: Feb. 15, 2019

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IN MY PLACE

From the national correspondent for PBS's MacNeil-Lehrer Newshour: a moving memoir of her youth in the Deep South and her role in desegregating the Univ. of Georgia. The eldest daughter of an army chaplain, Hunter-Gault was born in what she calls the ``first of many places that I would call `my place' ''—the small village of Due West, tucked away in a remote little corner of South Carolina. While her father served in Korea, Hunter-Gault and her mother moved first to Covington, Georgia, and then to Atlanta. In ``L.A.'' (lovely Atlanta), surrounded by her loving family and a close-knit black community, the author enjoyed a happy childhood participating in activities at church and at school, where her intellectual and leadership abilities soon were noticed by both faculty and peers. In high school, Hunter-Gault found herself studying the ``comic-strip character Brenda Starr as I might have studied a journalism textbook, had there been one.'' Determined to be a journalist, she applied to several colleges—all outside of Georgia, for ``to discourage the possibility that a black student would even think of applying to one of those white schools, the state provided money for black students'' to study out of state. Accepted at Michigan's Wayne State, the author was encouraged by local civil-rights leaders to apply, along with another classmate, to the Univ. of Georgia as well. Her application became a test of changing racial attitudes, as well as of the growing strength of the civil-rights movement in the South, and Gault became a national figure as she braved an onslaught of hostilities and harassment to become the first black woman to attend the university. A remarkably generous, fair-minded account of overcoming some of the biggest, and most intractable, obstacles ever deployed by southern racists. (Photographs—not seen.)

Pub Date: Nov. 1, 1992

ISBN: 0-374-17563-2

Page Count: 192

Publisher: Farrar, Straus and Giroux

Review Posted Online: May 20, 2010

Kirkus Reviews Issue: Sept. 1, 1992

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DEAR MR. HENSHAW

Possibly inspired by the letters Cleary has received as a children's author, this begins with second-grader Leigh Botts' misspelled fan letter to Mr. Henshaw, whose fictitious book itself derives from the old take-off title Forty Ways W. Amuse a Dog. Soon Leigh is in sixth grade and bombarding his still-favorite author with a list of questions to be answered and returned by "next Friday," the day his author report is due. Leigh is disgruntled when Mr. Henshaw's answer comes late, and accompanied by a set of questions for Leigh to answer. He threatens not to, but as "Mom keeps nagging me about your dumb old questions" he finally gets the job done—and through his answers Mr. Henshaw and readers learn that Leigh considers himself "the mediumest boy in school," that his parents have split up, and that he dreams of his truck-driver dad driving him to school "hauling a forty-foot reefer, which would make his outfit add up to eighteen wheels altogether. . . . I guess I wouldn't seem so medium then." Soon Mr. Henshaw recommends keeping a diary (at least partly to get Leigh off his own back) and so the real letters to Mr. Henshaw taper off, with "pretend," unmailed letters (the diary) taking over. . . until Leigh can write "I don't have to pretend to write to Mr. Henshaw anymore. I have learned to say what I think on a piece of paper." Meanwhile Mr. Henshaw offers writing tips, and Leigh, struggling with a story for a school contest, concludes "I think you're right. Maybe I am not ready to write a story." Instead he writes a "true story" about a truck haul with his father in Leigh's real past, and this wins praise from "a real live author" Leigh meets through the school program. Mr. Henshaw has also advised that "a character in a story should solve a problem or change in some way," a standard juvenile-fiction dictum which Cleary herself applies modestly by having Leigh solve his disappearing lunch problem with a burglar-alarmed lunch box—and, more seriously, come to recognize and accept that his father can't be counted on. All of this, in Leigh's simple words, is capably and unobtrusively structured as well as valid and realistic. From the writing tips to the divorced-kid blues, however, it tends to substitute prevailing wisdom for the little jolts of recognition that made the Ramona books so rewarding.

Pub Date: Aug. 22, 1983

ISBN: 143511096X

Page Count: 133

Publisher: Morrow/HarperCollins

Review Posted Online: Oct. 16, 2011

Kirkus Reviews Issue: Aug. 1, 1983

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