Equity Value Enhancement - Carl L Sheeler

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Résumé :
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Biographie:
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Sommaire:
Foreword xv Preface xix Acknowledgments xxxi About the Author xxxiii Author's Vision and Challenge xxxvii CHAPTER 1 Value ABCs 1 Capital and Risk 4 Understanding Assets 5 Plugging the Gap 7 Notes 8 CHAPTER 2 Focus on Trusted Advisors 9 The Path to Being the Best 16 Question Yourself 18 Taking It to the Next Level 19 Notes 22 CHAPTER 3 Focus on Business Owners 23 The Role of Advisors 27 The Cost of Bad Advice 28 The Value of Leveraged Knowledge 29 Engaging the Best 31 Practical Vetting Suggestions 32 Size and Scope Considerations 33 Setting Expectations 34 Note 44 CHAPTER 4 Risk in the Eye of the Beholder 45 Inexperienced Business Appraiser Lenses 47 CPA Lenses 48 Attorney Lenses 51 Investment Banker/Business Broker/Business Intermediary Lenses 52 Commercial Banker Lenses 54 Insurance Professional Lenses 55 Wealth Manager/Financial Advisor/ Fiduciary/Trust Officer Lenses 55 Research on Risk and Returns 59 Economist Lenses 60 MBA/PhD/CFA Lenses 61 Owner/Family Lenses 63 Family Business Advisor Lenses 70 Staff/Vendor Lenses 71 Client Lenses 75 Notes 80 CHAPTER 5 The Role of Governance 81 Governance 83 Focus on Culture 84 About Boards, Governance, and Strategy 85 Healthy Board Governance and Strategy Creates Value 87 Strategy and Equity Value 90 Family Harmony and Legacy as a Governance Driver 93 Board Strategic Direction and Accountability 94 Board Structure and Member Traits 95 Governance and Risk Management 97 Qualitative Value Measures 98 Taking Control 99 The Secret Sauce 101 Governance Measurements 104 Governance Takeaways 106 Notes 106 CHAPTER 6 The Role of Relationships 107 Client Relationships 112 Advisor Relationships 114 Commercial Bankers 116 Investment Bankers 116 Insurance Agents 118 Wealth Advisors 120 Board of Directors 121 The Bottom Line on Free Advisors 122 Accountants 122 Attorneys 126 Fractional CFO 127 Family Relationships 128 Shareholder Relationships 129 Vendor Relationships 129 Community/Legislative/Philanthropic Relationships 130 CHAPTER 7 The Role of Risk: Financial- and Legal-Oriented Risk 131 Commonly Missed Risks 137 Final Thoughts 172 Notes 174 CHAPTER 8 The Role of Risk: Operational-Related Risks 175 CHAPTER 9 The Role of Knowledge 241 A Matter of Culture 244 Healthy Knowledge 247 Be Transparent 248 Encourage Two-Way Communication 249 Knowledge and Human Capital 249 Knowledge Measures 252 Notes 253 CHAPTER 10 Valuation versus Value Creation (GRRK) 255 Software and Rules of Thumb 258 A Personal Aside 260 Collaboration, Cohesion, and Transformation 261 Notes 262 CHAPTER 11 Putting It All Together--Four Vignettes 263 Vignette One: What the 2009 Financial Crisis Can Teach Us (It's about Relationships) 265 Vignette Two: The Trees-and-Forest Syndrome 272 Vignette Three: The Path Not Taken 275 Vignette Four: Putting It All Together (Strategy, Human Capital and Finance) 284 Recommended Reading 313 Index 317