Meticulously researched and crystal clear, a good investment for anyone in the business-buying business.
Gibson’s niche how-to guide makes the intricacies of acquiring an established company easy to understand and a little less daunting.
With 30 years of experience in business development and brokerage, Gibson has written a specialized book for prospective buyers who have a specific business in their sights. He discusses three reasons people buy businesses—the pursuits of autonomy, happiness and wealth—and gives plenty of advice for deciding when to buy based on business cycles, economic indicators and the buyer’s (and seller’s) motives. Primarily, though, he concentrates on the enigmatic minutia that might make the eyes of would-be entrepreneurs glaze over. Imagining a cabinet shop called Doozy Manufacturing Company (“Doozy”), Gibson provides helpful explanations of the role of business brokers, the lay definitions of “small business,” “fair market” and “ROI,” and how to decipher prospectuses and other financial statements. Gibson displays his knowledgeable, accessible style by illustrating how to determine the earnings capacity of a business—“What could Doozy earn in the future?” In discussing how to cautiously forecast Doozy’s annual and monthly expenses, he reminds entrepreneurs that “the owner gets paid last.” Mostly, Gibson serves as an excellent teacher, explaining that “not being had” means being able to understand “the elements of value” and “opinions of value,” particularly how both are calculated and interpreted. He provides case studies, a convenient glossary and a helpful appendix, complete with samples of promissory notes and a boilerplate for a purchase contract. For the nonfinancial aspects of determining the right business to buy, he asks potential buyers to consider such things as their complementary skills, desired work environment and location, which, even though these aspects may not be as critical as the financial characteristics, Gibson still advises that they “should be looked at in depth” before moving forward. Patience is key, he stresses; taking the time to study, negotiate and “perform more adequate due diligence” leads “to making a successful investment.”
Meticulously researched and crystal clear, a good investment for anyone in the business-buying business.Pub Date: July 10, 2010
ISBN: 978-1426936197
Page Count: 244
Publisher: Trafford
Review Posted Online: Oct. 16, 2012
Kirkus Reviews Issue: Dec. 15, 2012
Review Program: Kirkus Indie
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...
A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.
The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.Pub Date: Nov. 1, 2011
ISBN: 978-0-374-27563-1
Page Count: 512
Publisher: Farrar, Straus and Giroux
Review Posted Online: Sept. 3, 2011
Kirkus Reviews Issue: Sept. 15, 2011
BOOK REVIEW
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A passionate and accessible guide to humanizing the workplace.
Helbig and Norman present a game plan for making leadership more responsively human.
In this expanded update to The Psychological Safety Playbook: Lead More Powerfully by Being More Human (2023), the authors provide “practical strategies for responding to resistance, sparking change, embodying the change we want to see, and moving forward deliberately,” specifically in a business setting. They suggest ways to encourage what they call “changemakers” through the use of five key “plays” from their playbook: Communicate Courageously, Master the Art of Listening, Manage Your Reactions (“shift from automatic reaction to conscious response to stay better connected to yourself and others”), Embrace Risk and Failure, and Design Inclusive Rituals. The goal is to ensure that organizational cultures promote psychological safety, guided by leaders who “walk the talk” by emphasizing their own humanity at every turn. (“We must be the first to share our own failures with our teams, which will start to make it possible for others to do the same.”) This call for example-setting is sounded throughout the book as Helbig and Norman urge their target audience (leaders and would-be leaders) to go beyond mere instruction and instead embody the qualities they want to see in their subordinates, such as continuous learning, active curiosity, and self-reflection. Each chapter includes a detailed “Recommended Reading” section and text with extensive numbered and bulleted points formatted to make the core concepts more immediately digestible. The authors effectively employ clear and empathetic prose to assure readers that psychological safety is slow to build and quick to break, observing that such safety requires steady attention and delivers outsize payoffs as a result. They refreshingly ground a great deal of the material in psychology and neuroscience, pointing out, for instance, that research has demonstrated that the parasympathetic nervous system responds to honest appreciation, which improves creative thinking. Some wistful readers might consider some of the authors’ suggestions beyond the reach of their own organizations, as when group facilitators are advised to “gently intervene when someone dominates the conversation,” but hope springs eternal.
A passionate and accessible guide to humanizing the workplace.Pub Date: May 19, 2026
ISBN: 9798993550503
Page Count: 170
Publisher: Crazy Idea Press
Review Posted Online: April 23, 2026
Review Program: Kirkus Indie
BOOK REVIEW
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