The Seven Deadly Sins of Business Valuation: Closely Held & Family Controlled Companies

About the Book

Frequent and thorough analysis of value creation in closely held or family controlled business is critical to effect ongoing management of the enterprise. Such monitoring will reveal the success or failure of the management in meeting the strategic goals and in creating value and wealth for the shareholders. The Seven Deadly Sins of Business Valuation identifies and discusses some of the challenges inherent in monitoring value creation and illustrates with examples and case studies several of the most common valuation errors that a financial analyst may make in analyzing a closely held or family controlled business.

About the Author

Robert M. Clinger III, CBA, CVA, LIFA Robert M. Clinger III, Certified Business Appraiser, Certified Valuation Analyst, and Licensed International Financial Analyst has strong experience in the fields of business valuation, financial analysis, and strategic advisory services. At Highland Global Business Valuations, Mr. Clinger provides business valuations, strategic planning and financial analysis to senior management of privately owned and family controlled businesses domestically and internationally. Since 2000, Mr. Clinger has conducted over 5,000 business valuations of privately held corporations for a variety of purposes including estate planning/tax purposes, ESOPs, mergers & acquisitions, SBA loans & bank financing, shareholder buyouts, litigation, buy-sell agreements, and capital raising. Mr. Clinger has also written numerous articles regarding economics, valuations, and merger & acquisition issues, including “Direct Market Data Method: Value Disparity Issues” which was published in The Value Examiner of the National Association of Certified Valuation Analysts in 2006. Beyond various articles and case studies, which are available on the Highland Global website (www.HighlandGlobal.com), Mr. Clinger is also the author of two business valuation books, The Seven Deadly Sins of Business Valuation (2005) and The Seven Deadly Sins of Business Valuation: Closely Held and Family Controlled Companies (2006). Mr. Clinger earned a Bachelor of Science degree in Business Administration/Finance, summa cum laude, from Coastal Carolina University, receiving the distinguished President’s award as well as the Outstanding Student of Finance award.