Selling Your IT Business: Valuation, Finding the Right Buyer, and Negotiating the Deal / Edition 1

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Overview

"For close to twenty years I have observed Mr. Chalfin helping owners, business advisors, and students get a grip on the slippery issues of selling a business. This book is a valuable distillation of his expertise. "
—Ian MacMillan, Dhirubhai Ambani Professor of Innovation and Entrepreneurship The Wharton School, University of Pennsylvania

"Bob provided us with valuable outside perspective while we prepared our business for sale and during the sale process. His book is an excellent guideline for business owners thinking about selling their company."
—Steve Gerlicher, Entrepreneur

"Bob Chalfin's experience and intellect make this book essential reading for IT business owners. Provides thoughtful analysis and practical advice invaluable to anybody who is even considering selling their business."
—Louis W. Fryman, Esq. Chairman Emeritus Fox Rothschild LLP

"Bob Chalfin brings unparalleled experience to developing and executing these transactions. His insights are tempered by years of formulating these deals and then describing the methods to hundreds of students at The Wharton School."
—Stephen M. Sammut Senior Fellow, Wharton Entrepreneurial Programs Managing Director, Burrill International

"This book covers all the bases for someone selling an IT (or really any) business. The observations on buyer motivations are particularly insightful."
—Mark Goodwin Executive Vice President and Chief Operating Officer Pioneer Investments

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Editorial Reviews

From the Publisher
"His advice is practical and sound…" (Harvard Business School, 4/10/06)
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Product Details

  • ISBN-13: 9780471740766
  • Publisher: Wiley
  • Publication date: 1/20/2006
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 239
  • Sales rank: 542,412
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.69 (d)

Meet the Author

Robert J. Chalfin, CPA, Esq., is a longtime Lecturer in Management at The Wharton School of the University of Pennsylvania, an Attorney, certified public accountant, and President of The Chalfin Group, Inc., which provides strategic planning and advisory services in connection with the purchase and sale of entrepreneurial businesses, many in the IT industry. He has served IT businesses in a variety of capacities including corporate board member, consultant, and investor. He is a frequent speaker at industry forums and conferences.

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Table of Contents

Acknowledgments.

Preface.

Chapter 1: What Buyers Are Looking For.

Chapter 2: Why Sell?.

Chapter 3: Types of Buyers.

Chapter 4: The Selling Memorandum.

Chapter 5: Attracting and Retaining Key People.

Chapter 6: Financial Metrics.

Chapter 7: Your Board.

Chapter 8: Marketing Your Business for Sale.

Chapter 9: Valuing Your Business: An Introduction.

Chapter 10: Valuation: Book Value of the Stock and Financial Condition of the Business.

Chapter 11: The Company’s Earnings Capacity: Profit and Loss Statement; Dividend Paying Capacity, The Size of the Block of Stock to Be Valued, The Market Price of Similar Stocks.

Chapter 12: Methods of Determining a Business’s Value.

Chapter 13: Confidentiality: An Introduction.

Chapter 14: Confidentiality: Limiting Data Dissemination and Preparing Confidentiality Agreements.

Chapter 15: Letter of Intent.

Chapter 16: Due Diligence.

Chapter 17” Forms of Acquisition, Contract of Sale, Utilization of Attorneys and Certified Public Accountants.

Chapter 18: After the Sale.

Appendix Online Resources.

Index.

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  • Anonymous

    Posted January 19, 2006

    An Outstanding Source for IT Entrepreneurs

    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.

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  • Anonymous

    Posted January 18, 2006

    This Book is a Lifesaver!

    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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