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Fantastic Holiday Book
Flight of the Reindeer
Simply the best

A great book!
Inspiring People
GREAT BOOK FOR TEENSWARMING AND AT TIMES SAD.MOST OF THE STORIES TEACH VAUABLE LESSONS ON LIFE.MY FAVORITE STORY IN THE BOOK WAS DUMP BOY.THE LESSON THE CHILDREN LEARN AT THE END WAS REALLY TOUCHING.ANOTHER
FAVORITE WAS A POEM CALLED MAKING SARAH CRY(WHICH WILL HAVE ALL
YOU SCHOOL BULLYS WISHING FOR A SECOND CHANCE.BUY THIS BOOK AND LOVE THE STORIES JUST LIKE I DID.YOU WON'T BE DISAPPIONTED.


Good Book For Entrepreneurs Who Want To Learn ValuationFeldman, Sullivan, and Winsby tell us that most small businesses are too small to be sold for anything more than net asset value. We learn that of the 24.5 million businesses in the U.S., 17.1 million are owned by only one or two people and are often part-time endeavors operated from home.
These ultra-small businesses typically have zero value as a going concern, because they are often highly dependent upon the owner's labor and they have limited income potential. These ultra-small businesses have little "goodwill" value beyond the value of their net assets.
Small businesses with several employees and an established client base often have value as a going concern. These companies often sell for more than net asset value. The amount paid above the net asset value is called "goodwill."
Because buying or selling a company is probably the biggest financial decision you'll ever make, you should understand the valuation process and consider utilizing the assistance of professional business appraisers. The authors tell us that professional business appraisal is costly, often ranging from $5,000 to $25,000 to appraise a company.
Using several case studies, Feldman, Sullivan, and Winsby discuss the main business valuation methods used today, including:
1) Valuation based upon earnings, which typically involves adjusting reported earnings appropriately and determining a proper industry-specific multiple of earnings for which the business should sell. Often, "similar" businesses are examined to see the valuations given to those companies.
2) Valuation based upon revenue, which usually involves determining an appropriate number that is multiplied by the company's revenue to determine company value.
3) Valuation based upon discounted cash flow, which involves estimating the future stream of free cash flow the business is expected to provide and then discounting this stream of cash flow to the present. Sometimes, the basic discounted cash flow calculation is further adjusted to allow for a small company's lack of liquidity or other factors.
Feldman, Sullivan, and Winsby write: "There is a growing consensus among professional valuation experts that the discounted cash flow method produces the most accurate valuation results for an ongoing, established business if there are no current transactions of very comparable businesses."
"What Every Business Owner Should Know About Valuing Their Business" shows the valuation of several specific businesses, including an insurance agency, an environmental consulting business, a law firm, and a metal fabrication company.
Each case study provides a current tax return for the business (one company is a C-corporation; two are S-corporations; and one is a partnership), and each company valuation demonstrates several aspects about the valuation of different types of businesses.
For example, for O'Toole Insurance Agency, we learn several things:
1) An important part of valuation is convincing the other party that there is a reasonableness to your valuation.
2) Large expenses can be incurred in valuing a business and preparing it for a sale. In one failed transaction, the buyer and seller collectively spent $44,880 in accounting, appraisal, and legal fees, and, in the end, the deal fell through.
3) Sometimes, it's important to separate different parts of a company for valuation purposes. O'Toole Insurance Agency owned its building and rented space to other occupants. If the potential buyer only wished to purchase the insurance business, the insurance business would need to be separately valued from the property and rental business. Also, because the new agency, sans building ownership, would need to pay rent, the insurance company earnings would need to be lowered by the new rental expense.
4) Discretionary expenses and "missing" expenses must be examined, and adjustments might need to be made to reported earnings when valuing the company. Feldman, Sullivan, and Winsby point out that many business owners incorporate discretionary expenses into their business in an attempt to lower taxation. These expenses reduce taxable income, but can be eliminated without compromising the earnings power of the company. (Some buyers might be willing to accept that the true earnings of the company are higher than taxable earnings due to these discretionary expenses, thus increasing the true value of the business.)
Feldman, Sullivan, and Winsby include a solid chapter about maximizing the value of a business. The authors say business owners planning for the sale of their businesses must start thinking less about minimizing taxes and more about maximizing company value. Over a period of several years, owners should prepare for the eventual sale of their company by making their operations more transparent and disentangling personal expenses from business expenses.
Suppose, for example, an entrepreneur incorporates $30,000 in discretionary expenses in his business, including expensive club memberships, that really aren't necessary business expenses. Assume these "expenses" generate little or no added sales and don't really help customer retention nor benefit non-owner employees. If the business sells for eight times earnings and we use the taxable earnings for valuation, this $30,000 in discretionary expenses will reduce the company valuation by $240,000.
Feldman, Sullivan, and Winsby write: "A dollar saved on taxes can cost $$$ in lost value."
The authors also discuss the possibility that expenses the owner claims are "discretionary" are, in fact, necessary. For example, the club memberships may be crucial to meeting potential clients. The authors tell us that a new owner who does less networking might need to increase advertising expense appropriately. And, thus, it's useful to examine the advertising expenses of similar companies.
"What Every Business Owner Should Know About Valuing Their Business" discusses other "life business events" such as divorce, death, transition planning, and portfolio diversification. There is also an excellent discussion of the different types of business structures, such as S-corporations and C-corporations.
Overall, I highly recommend "What Every Business Owner Should Know About Valuing Their Business" to entrepreneurs buying or selling a business.
Peter Hupalo, Author of "How To Start And Run Your Own Corporation: S-Corporations For Small Business Owners"
Very useful information for the small business owner!This book offers education and guidance about matters very relevant to the management of one's business in order to make it more profitable and ultimately more valuable at the time of sale. The ramifications of various decisions about what to include as tax deductible necessities are spelled out. I recognized how many times my desire to minimize my taxes had driven my decisions rather than looking at the larger picture--my need for an adequate retirement income. This is an even bigger issue for someone who hopes to ultimately sell their business to fund their retirement than for me as a professional practitioner.
I especially liked the fact that the authors explained the various methods of business valuation and their underlying assumptions. They spelled out the pros and cons of each so that they could be selected for appropriateness as well as weighted if they were all combined to provide a ballpark figure.
The examples were detailed, varied, and interesting. They seemed very realistic. They were effective at illustrating various points the authors wished to make. While this book is targeted more to owners and sellers, it would be very beneficial for any potential business buyers to read. It makes clear many areas to be probed so that there are not unpleasant surprises later on.
... The book is quite inexpensive and the valuation service, although it sounds expensive at ... is inexpensive and fast compared to any other alternatives. The ways in which the information the valuation process yields can be used are amply demonstrated in the various examples. The authors are also available for consultation as part of the package and there are options to tailor services to meet a specific legal need.
This book has the potential to save a business owner a tremendous amount of money if he or she plans to maximize the value of their business for 3-5 years prior to a projected sale, rather than manage their business in their usual way. It's a great resource to help business owners (and/or their families)prepare for transitions! Buy it and read it if you are a small business owner now or are considering becoming one!
Helpful and Informative

No disappointment hereSullivan, a one time recruiter, in his new book Getting Your Foot in the Door When you Don't have a Leg to Stand On, gives you new strategies, ideas and steps to take to make those "shots" that will eventually land you the job you want. He has concrete examples for making your cover letter and resume really work and stand out in a sea of resumes.
This book has a wealth of ideas. For example, once you have a contact or lead into a company, ask for help rather than asking for a job. Getting an "informational" interview may be much easier than getting an interview for a job that may not even exist yet. In an "informational" interview, you have the opportunity to share your strengths and show how you might help the organization. If there is still no job at that company, your new contact will know you personally and be more likely to give you other leads or recommendations.
Sullivan's chapters on resumes and cover letters, in a very clear and concise manner, will give you concrete ideas on how to be more effective in your one and only contact with either a recruiter or a company. His advice in how to establish a "clear chain of events" is excellent. A resume that leaves more questions than answers in the readers' minds may well eliminate you from the start. Sullivan says, "Unlike your resume, every word of your cover letter will probably be read." Of course, then, crafting a cover letter with punch is critical, and Sullivan's book will give you clear steps to do this.
Sullivan's self-assessment exercises and his guidelines on the interview process, like how to field tough questions, how to prepare, and how to close the deal, are all valuable tools for the job seeker. Check this one out! You will not be disappointed.
Getting Your Hands on this Book
It's an Inside Game

By Crikey, it's Ummm Mmmm good!In the story, Young Kate uses her wits to save her family and her village with an ending I never saw coming -- not your typical 'Fairy Tale Ending' but an excellent one nonetheless especially for our modern times. I fell in love with the illustration's ton of detail that kept me looking at each page long after the reading was over.
My one complaint is that, while the book itself is good sized so you can see the pictures, the paperback edition seems a bit flimsy. If this story is to be loved (and thus read) as much as I think it will then I may have to order another copy or two to last through the years. Perhaps the school binding edition is more sturdy?
Both girls and boys will enjoy this story and I think you grown ups will, too.
Delightful and in a fine tradition
An all-around fantastic book!Not only does this book contain excellent illustrations, a strong, believable heroine, and a captivating story line, but there are several surprises and an unexpected ending. I hope you'll read it... it would be a shame to miss out on such a marvelously fun book!


Sean Sullivan: A Transcontinental Railroad Worker
Good read for all! You should buy it, no matter what
Very entertaining.

Excellent DuoCathie Linz' story, "Between The Covers" tells the tale of Paige Turner, a woman destined by her name to become a librarian. She's a "nice" woman, and becomes friends with Detective Shane Huntington, the Huntington family's black sheep. It seems he turned his back on his family's tradition of becoming proctologists by joining the police force, and they've never quite forgiven him. In order to meet conditions of an inheritance, he has to get married to a woman who meets a set of exacting conditions. Of course he turns to Paige the librarian for help in finding the perfect wife.
This was an amusing and fast-paced story. It had some classic themes of the genre - Paige's transformation in designer gowns, snobbish family members, the answer to Shane's dilemma being right before his eyes, etc. - but they were all done with style and wit. It was a very enjoyable story.
Jane Sullivan's "The Matchmaker's Mistake" is another excellent example of why I'm always on the lookout for one of her books. Her stories never fail to entertain. This story tells the tale of Mark McAlister, accountant. He's up for a coveted partnership in his firm, but he can see his chances slowly diminishing because he has neither the style nor the connections nor the trophy wife to advance the interests of the firm. Mark is not a one-dimensional character; he's overcome a lot in his earlier life to get where he is today, and it has scarred him. He goes to a bar to try to meet his perfect future wife, and is ultimately taken under the wing of Liz Prescott, the bartender. Liz takes pity on him and decides to take him in hand and help him achieve his goal.
This story was a version of Pygmalion in reverse. Liz is the free spirit who is trying to loosen up up Mark and recreate his image. Both characters were wonderful, the writing sharp and humorous, and the romance lovely. This book is definitely a keeper.
Fun, fast, and real.
From My Fair Lady to My Studly ManToo bad the story had to end. Thank you, Jane Sullivan, for such a great beach read!


Just the best
A must for any G&S Fan
May be the only G&S reference you'll ever need.

Undercover Social CommentaryI listened to it on tape while in college, and I'm thrilled to see that it is being re-released.
Looking for More Work from Him
Hilarious -- and Bitter-Sweet

Satisfied ReaderEach chapter begins with interesting information about dreams in general. This is then followed up by an insightful quote relevant to the presented material. From page l67, on a chapter titled "Imperfection", by Joan Borysenko,Ph.D.: "It takes a lot of nerve to believe that we can or should be able to outwit natural laws, but perfectionism requires just that. As a strategy evolved to ensure love and approval, (perfectionism) is rooted deep in the fears and longings of childhood, making it an emotional need, not an intellectual choice."
I found RECURRING DREAMS to be not only satsifying but exciting as well. Through dreams, we can get to know ourselves from the inside out. How intimate and how necessary!
Candid, honest, direct, and instructional
Engaging and transformative