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How to Build a Business and Sell It for Millions [Hardcover]

Jack Garson

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Book Description

Mar 16 2010

MBA MEETS MAIN STREET

 

Finally, the positive economic news every businessperson is waiting to hear. Jack Garson says the long economic downturn will give way to a major buying spree by cash-rich companies—and they could be in the market to purchase your small or medium-sized business. It’s the ultimate payday for everyone who wants to live the American dream, whether they’re starting a business or already own one. Millions of dollars are on the table. But will you and your business be ready?

 

How to Build a Business and Sell it for Millions is a must-read for every business owner and would-be entrepreneur.  In entertaining and elaborate detail, Garson outlines the vital moves your company needs to make to become an attractive acquisition by other firms:

 

·         Do you have a competitive edge that sets you apart from your competition?

 

·         Are both you and your company sustainable and able to outlast the bad times to become a success? 

 

·         Can you stop being a “Derek,” the boss who suffers from “Founder’s Dilemma,” micromanaging everything big and small?

 

How to Build a Business and Sell it for Millions uses real life examples to explain how the goal of selling your company needs to be linked to every business decision you make: hiring, compensation, contracts, financial reporting and dozens of other areas often overlooked by busy entrepreneurs. While many business owners struggle to get to the next day, Garson has the inside scoop on achieving the opportunity of a lifetime— selling your company for vast riches.

 

In How to Build a Business and Sell It for Millions, MBA meets Main Street, with a combination of inspiration and invaluable practical advice.

 


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Product Details

  • Hardcover: 272 pages
  • Publisher: St. Martin's Press; First Edition edition (Mar 16 2010)
  • Language: English
  • ISBN-10: 0312383118
  • ISBN-13: 978-0312383114
  • Product Dimensions: 21.9 x 16.7 x 2.7 cm
  • Shipping Weight: 363 g
  • Amazon Bestsellers Rank: #503,040 in Books (See Top 100 in Books)

Product Description

Review

“Have you ever dreamed of playing golf everyday with poker every evening, spending more time with your family and friends or putting the stresses of commuting and running a business behind you? How to Build a Business and Sell it for Millions is the book for you! This is the definitive work on starting, building and, if so desired, selling a business of any kind.  It is a bible for entrepreneurs, CEOs and dreamers alike, even in this recession… Most assuredly, anyone who picks this book up will be captivated until the very end!”--Sacramento Book Review

“Jack Garson delivers a lean and mean picture of what’s really going on when you read the headlines about the latest startup purchased for a mint. If you’re ready for something beyond ’sell sell sell’ and ‘think big’, read this guide and take the trip.”--Baronmiller.com

“I highly recommend the essential and very readable book How to Build a Business and Sell It for Millions by Jack Garson, to anyone considering starting an entrepreneurial venture, is currently operating a business, or who is contemplating the sale of their company. The information found in this book is valuable at every stage of a company's life. At the same time, the advice provided by Jack Garson will ensure a successful start up even in today's difficult economy. Indeed, the techniques presented in this book will work especially well in a weak economy as the new business will be utilizing systems that will out distance the competition.

Read the excellent book on building and eventually selling a successful company How to Build a Business and Sell It for Millions by Jack Garson, and create the business of your dreams and sell it for millions of dollars. This book will start you on that wonderful and rewarding journey”--Blog Business World Review

“As a TV producer, I know business. As a TV host, I know entertainment. This book is perfect in both areas. It’s incredibly informative and entertaining. Jack Garson makes Business: Possible.”—Marc Summers, president of Marc Summers Productions Inc. and host/executive producer of Unwrapped and Dinner: Impossible on the Food Network

“Anyone who aspires to achieve the American Dream will love How to Build a Business and Sell It for Millions. With the rare combination of a breezy style, solid expertise, and an encouraging tone, Jack Garson answers any question you could possibly have about starting a business and becoming a successful entrepreneur. Reading the book, you can’t wait to get started.”—Ronald Kessler, bestselling author of In the President’s Secret Service and The Season: Inside Palm Beach and America’s Richest Society

“As a veteran entrepreneur and venture capitalist, I wish I had this book years ago. The material in it is exactly what we try to tell folks who come to us for venture money. It clearly spells out the basics that every successful entrepreneur must master. Every would-be entrepreneur needs to curl up in bed with this book before starting a business.  Jack Garson is smart, knowledgeable, experienced and explicit.”—Charles D. Snelling, entrepreneur and venture capitalist

“Jack Garson’s advice and experience is worth a fortune! I know, because he helped lead my company to success—and then I sold it, for much more than I ever imagined. Everyone who wants a better business must read his book.”—Walter Kennell, former owner of Soil Safe, which sold to an affiliate of Texas Pacific Group

About the Author

Jack Garson writes from the trenches of the business world. As founder of Garson Claxton LLC and leader of his law firm’s business group, Jack has guided companies from start-up all the way to the celebration dinner following the big sale. His extensive understanding of the business world is why he’s sought after to be the lead negotiator in multi-million dollar sales of companies. Jack also serves as legal and strategic advisor for numerous national, regional and local companies, helping them overcome challenges, grow, succeed and sell.

 

In addition, Jack is a director of the prestigious Metropolitan Washington, D.C. Airports Authority, which oversees Dulles International and Washington Reagan National Airports. He writes a monthly column for SmartCEO magazine, a leading business publication in the Washington, D.C. region. Jack graduated with honors from both the George Washington University National Law Center and the University of Maryland.


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Amazon.com: 5.0 out of 5 stars  4 reviews
6 of 6 people found the following review helpful
5.0 out of 5 stars Must Read for Business Owners and Those Thinking of Starting One April 19 2010
By Dan Richter - Published on Amazon.com
Format:Hardcover
Excellent Book! Very easy read but packed with solid information and anecdotal evidence. I couldn't put it down. I laughed a couple times and it reinforced all the things I know I should be doing, but can't seem to (i.e. I cried a couple times too). The references to what it takes to run a business and the commitment involved really hit home. If you already own a business, the information contained will ring true, enlighten, and entertain. If you're thinking of starting a business, you need to read this book. Even if you never intend to sell your business, it should be built with the intent that you will and this book lays exactly out how to do that. If you've never sold a business (or even if you have), it takes that mystical process and spells out exactly how it works, who you need on your team, and the potential pitfalls. It's like two books in one and I wish I would have had it when I started my business.
5 of 6 people found the following review helpful
5.0 out of 5 stars This is a resource for building quality businesses that will be worth something when it is time to sell. April 7 2010
By Brad Shimp - Published on Amazon.com
Format:Hardcover
I recently got a chance to read How to Build a Business and Sell It for Millions, by Jack Garson. Other than the title, which I hate, it is a really good book for small business owners.

Here is what this book is not. It is not a get rich quick guide. It doesn't include any hidden secrets for becoming an overnight millionaire. If you are looking to flip businesses, you should probably look elsewhere.

This book is for serious business owners who are ready to work hard and want to build a business right. A reward for putting years of hard work into a business should be having the option to sell it. This book does a great job covering the details of how to lay the foundation from the very beginning.

I like to tell people that they should build the business to one day sell it. It doesn't matter if that is anything more than a pipe-dream right now. The fact is, if you ever want a chance at selling it, you need to be doing things 5 years out, 10 years out, and even 20 years out to help you make the sale and get the best price.

Jack Garson is a lawyer who has a lot of experience working with businesses and moving them through the process of selling. From his vantage point, he has picked up a lot of information about what buyers are looking for, what effects sales price, and what mistakes businesses commonly make that cause problems when its time for an exit.

The book, How to Build a Business and Sell it For Millions, is really two books in one. The first half is all about building your business correctly, and it really is a great primer on the things you need to focus on now to build a business that is structurally sound and will outlast you. The second half of the book talks specifically about the process of selling your business, and Garson provides a lot of really good specific information and insight into the process.

This is the kind of book to buy if you are just starting your business, or if you are sick of being the only one who can run it. Read the first half now and figure out a few important keys to making a good business. Garson hits on key areas such as establishing competitive edge, building a business that can scale, hiring an executive team, focusing on culture, marketing, and more. There is plenty of good stuff on how to run and build a really great business.

After you work your way through the first part, you'll want to hang on to the book so you have it handy when you are ready to sell. Pull it out a couple of years in advance for a refresher, and then rely on it as a guide to get you through the often arduous process of selling a business.

Of course, if you are ready to sell right now, you'll want to focus on the second half of the book. Garson has fought the battles, so to speak, of selling businesses. You can benefit greatly from his experiences. Don't ignore the first half entirely, as there is a lot of great information on how to mold your business into one that will be highly attractive to buyers.

You really should think long term for your business. Thinking about it in terms of something that you want to sell one day is a helpful exercise. This book will give you are really good idea about how to do that.

This book is very readable, but also offers a wealth of information. I think you will be amazed at how much quality information Jack Garson was able to pack in here. This will become a resource book for your small business.
2 of 2 people found the following review helpful
5.0 out of 5 stars great book July 7 2010
By keh - Published on Amazon.com
Format:Hardcover
I have ready many books on business and this is one of the better written and easier to read ones. While Garson is a lawyer, the book is not dense or hard to read with legaleze. It is a fast read filled with real life examples and situations that anyone can relate to. The author does a great job of distinguishing between should, could, and must by clearly outlining benefits, risks, and consequences. Even for experienced, well-educated entrepreneurs like myself, it contains a lot of good reminders and explanations that can help people improve their existing business or to start a new one with a maximum chance of success. Once I started reading, I had a hard time putting it down because of the insights shared.

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