Shannon Pratt

Accurately analyze and appraise any business with the most trusted guide to valuationOriginally published more than 40 years ago, Valuing a Business set the standard for excellence in the appraisal field and is the world's most respected valuation reference. This edition reflects the substantial advances in the tools and sophistication in business valuation, as well as new appraisal standards and regulations that have evolved since it was last published in 2008. These advances fall broadly into three categories:Increasing consensus among the valuation professional organizations on standards, methodology, and terminologyUpdated appraisal rules, regulations, standards and guidance issued by governmental, or quasigovernmental, and professional bodiesMajor advances in the quantity, quality, and accessibility of empirical data available to support business valuation conclusionsValuing a Business provides thorough coverage and step-by-step analyses of virtually every topic important to you, including standards and credentials, valuation theory and principles, gathering data, site visits, financial statement analysis, writing reports, buy-sell agreements, litigation support services, and much more. This landmark resource is a complete one-stop compendium of information on the full range of valuation concepts and methods.

The essential guide to business and real estate appraisals for non-appraiser professionals In Analyzing Complex Appraisals for Business Professionals, renowned business and real estate valuation authorities Shannon P. Pratt and John Lifflander provide the ultimate crash course for evaluating a wide range of properties and enterprises. This guide to understanding, interpreting, and evaluating residential, commercial, business, and industrial appraisals, gives any business professional straightforward, practical steps to achieve sound financial reasoning in the face of numerous valuation intricacies and problem areas. Using a similar approach to Pratt’s previous international bestselling books, the authors’ detailed instructions and invaluable insider’s advice make even the most sophisticated techniques accessible to bankers, attorneys, loan officers, accountants, real estate brokers, and other professionals. The authors introduce a strategic overview of the basics aspects of USPAP (Uniform Standards of Professional Appraisal Practice), and then build on that background. Each segment of the book includes a discussion of the applicable appraisal theory, which is then followed by an explanation of the most common methodologies for that particular discipline and a set of examples of its application. Analogies with general concepts are also applied to specific appraisal subjects. The ability to evaluate a wide range of properties and enterprises—from land and homes to commercial and industrial facilities to valuations of businesses —is more imperative today than ever before. Find out why, and the best practices to do so, with Analyzing Complex Appraisals for Business Professionals.

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; and, 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. ##### This is 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 meaningful valuation instruction, this treatise is both a comprehensive reference 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 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 everything 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 methods; new chapters detailing discounts for lack of marketability, public company data, and comparative transaction databases; and, 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.