3 of 4 people found the following review helpful:
5.0 out of 5 stars
An Unbelievable Resource for IT Entrepreneurs, January 19, 2006
This review is from: Selling Your IT Business: Valuation, Finding the Right Buyer, and Negotiating the Deal (Hardcover)
I have had the pleasure of getting to know Bob and had him as a professor at Wharton. He applies the same level of energy and enthusiasm that he brings in the classroom to this very practical book. I have had many people come up to me and tell me if they had only known Bob or read his book before they sold their business, they would be in a much different and better situation. His knowledge of the topic is unbelievable and he brings so much practical experience to his latest book. I hope everyone gets to experience the wonderful work Bob does by reading his new book.
I know I will share this book with many of my clients who are contemplating selling their businesses. Bob's work makes all of us more educated and provides yet another resource that will add value to our clients.
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3 of 4 people found the following review helpful:
5.0 out of 5 stars
This Book is a Lifesaver!, January 18, 2006
This review is from: Selling Your IT Business: Valuation, Finding the Right Buyer, and Negotiating the Deal (Hardcover)
Chalfin's user-friendly guide to selling your IT business is a must for anyone in the complicated and often stressful position of putting his or her firm on the market. From illuminating the possible motives of the seller to providing a concise guide to marketing your business, this book gives sound and concrete advice.
You will not faced with an abstract, inaccessible microeconomics text, as some how-to works by business school faculty can turn out to be. Rather, you will finish this digestible book a more savvy and resourceful seller. To start with, you will be better equipped to evaluate whether it is the right time to sell your IT business in the first place. Chalfin also provides useful alternatives to an outright sale, such as partially selling to a third party, hiring a competent management team to take over operations, selling the firm to key employees, and liquidating the company. You will be better able to market your business, make changes to increase its appeal to buyers, and negotiate a satisfying sale. Chalfin illustrates how to gauge the seriousness and flexibility of an offer, an insight that can make your sale smoother and more predictable.
There is no reason to spend years building up your IT business only to lose out in the end because you lacked the necessary tools to bring about a successful sale. Without Selling Your IT Business: Valuation, Finding the Right Buyer, and Negotiating the Deal, my own transaction would have been a nightmare. Fortunately, I found this practical and accessible guide. Chalfin's experience, both as a Lecturer in Management at the Wharton School of the University of Pennsylvania, and his professional work as President of a New Jersey-based firm that, among other things, provides consulting services to IT companies, informs his opinions every step of the way.
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2 of 3 people found the following review helpful:
5.0 out of 5 stars
A great guide for selling your business., January 23, 2006
This review is from: Selling Your IT Business: Valuation, Finding the Right Buyer, and Negotiating the Deal (Hardcover)
Bob has done a masterful job of presenting a step by step approach to selling a business. As usual, he brings twenty years of real world experience to the process, demystifing a difficult process. An invaluable addition to your library.
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