If You Want to Earn a Capital Gain Someday: Six Things You Can Do Right Now
Enterprising business owners will find a wealth of useful advice in If You Want to Earn a Capital Gain Someday: Six Things You Can Do Right Now (2015), a new book from the partners of Bigelow LLC (Pete Worrell, Dave Linton, and Rob MacLeod) that has just been published by Blue Tree. This practical, hands-on book is filled with nuggets of information—and recommendations—from veterans of the private transaction market that any private business owner will be able to put to immediate use. Each chapter concludes with a compilation of thoughtful, focusing questions designed to inspire interested Entrepreneur Owner-Managers (EOMs) to discover their own answers.
This work is based on established foundational theory in finance, economics, and positive psychology, coupled with the authors’ years of experience working exclusively with hundreds of seasoned, successful EOMs. It takes an informed, battle-tested look at how the best EOMs shape their enterprises to continue beyond their personal ownership, and then, based on the tracks they’ve left, builds road maps that other future-thinking EOMs can follow. Empathizing with just how challenging it is to be an EOM, the book addresses some power shifts occurring in the private transaction market that allow private business owners to become infinitely more proactive in taking steps to assure the longevity of their businesses through planned management transition and, if desired, ownership transition.
Worrell, Peter R. Enterprise Value: How the Best Owner-Managers Build Their Fortune, Capture Their Company’s Gains, and Create Their Legacy. New York, NY: McGraw Hill, 2014.
Worrell’s first book is written for seasoned, successful Entrepreneur Owner-Managers who are thinking about the long term sustainability of their organizations, beyond their personal ownership of it. It is constructed on the theoretical foundations of corporate finance and positive psychology, but is informed and flavored with entertaining real-life, first-person stories that illustrate its lessons about ownership and management succession. Worrell serves as an expert coach, employing humor and insight as he recounts the struggles of large numbers of owner-managers who, with Bigelow’s guidance, have successfully handed off their beloved businesses to the best next majority investors…and created a fortune in doing so. Worrell even divulges a bit of Bigelow’s unique secret sauce, teaching strategies for dealing successfully with the Seller Beware in the Private Transaction Market, how to leverage industry drivers to build Enterprise Value, and how best to find the “needle in the haystack” best fit investors to create positive legacy. The book showcases the contributions of these Entrepreneur Owner-Managers, and reveals what Worrell terms the genius of the pro-social benefits they bring to employees, customers, and all stakeholders in their communities.
HOW IS IT THAT SOME PRIVATELY OWNED BUSINESSES END UP with terrific new majority owners, the Entrepreneur Owner-Managers (EOMs) moving gracefully into the next interesting and rewarding chapter of their lives, surrounded by friends, their positive legacy assured, their independence powered by the fortune just realized…while others’ outcomes look more like a train wreck? Is it merely luck, or is it more than that?
We think it’s more than that. Successfully striving for achievement, and ultimately fulfillment, leaves clues. Deconstructing the behavior of the highest performing EOMs lets us learn a lot about peak performance and optimal experience.