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Owning your own business may sound like paradise, but being the owner also means taking the responsibility for the business's health.
- Sales Rank: #851842 in Books
- Published on: 2003-04-01
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .63" w x 6.00" l, 1.10 pounds
- Binding: Paperback
- 208 pages
From Publishers Weekly
Sutton (Own Your Own Corporation) offers a comprehensive guide for both buyers and sellers of businesses. The book, the latest in the popular Rich Dad's Advisors series, covers important topics, including valuation, negotiating strategies, confidentiality, franchises and closing. Sutton presents the information in a straightforward manner, using case histories to illustrate his points. Chapters end with brief "Rich Dad's Tips" summarizing key points. Many books offer scenarios, but fail to explain what readers should take away. Thankfully, Sutton goes to great lengths to clarify his examples, e.g., after describing a sale with stalled negotiations and less-than-helpful attorneys, he says, "The lesson here is that if you are going to let other people negotiate for you, be certain that there are no hidden agendas.... An attorney whose motivation is to generate as much as possible in hourly fees may drag out negotiations to the point that a perfectly workable deal falls apart due to frustration and ill will." This is a solid book, though it doesn't offer much more than many others available on the topic. It will be of most help to inexperienced readers; those expecting dramatic new strategies on acquiring or selling a business won't find them here.
Copyright 2003 Reed Business Information, Inc.
About the Author
Garrett Sutton is an Attorney with over 20 years experience in assisting individuals and businesses to determine their corporate structure, limit their liability, protect their assets and achieve their personal and professional goals
Most helpful customer reviews
6 of 6 people found the following review helpful.
Good Advice
By Jon + Serena
This book is great for anyone that is just starting off in the business realm. I'll assume that whose who gave bad reviews on this book are people who already have a good amount of expereince in the business world. For them this book is just too basic of information that they already know. I, on the other hand, am just starting out in the world of business. I am 21 years old and this book was perfect for me in teaching me the basics and where I need to go to get some of the information I need. This book was also very motivating for someone starting off like myself. I recommend this book to anyone and everyone that wishes to begin learning about what it takes to buy and sell a business.
45 of 52 people found the following review helpful.
Canned advice
By Ashley
This books offers canned advice and can be summed up as:
1. Find a good accountant
2. Find a good lawyer
3. Find a good business broker.
The three people above are your 'team' and will carry you through the pitfalls of buying a business.
Oh yes - he also spends one chapter on why lawyers are 'deal killers.'
That's it - I saved you money. Three is no further detail, only a checklist. Nothing worth $19.
You should only two Kiyosaki books: Cash Flow Quadrant and the Investing Guide - all else is nonsense and filler - regurgitating what he already said in previous. From his advisor series, the only person who fills the books with valuable information is Diane Kennedy's Loophols and Real Estate Loopholes. All other advisor books are filler and junk.
6 of 7 people found the following review helpful.
Excellent Primer for Budding Entrepreneurs
By Tina J. Ford
Excellent primer for the budding entrepreneur thinking of buying or selling a business. Will help the novice engage in intelligent conversation with his or her team of experts as well as with the prospective buyer or seller. If you want to get top dollar when you sell your house, you take the time to fix it up and know the market...same goes for a business. Consult with the expert as Mr. Sutton has proven to be time and time again.
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