Over thirty years ago, I set out to become a business appraiser with a handful of business cards, an answering machine, and Shannon Pratt's Valuing a Business in my back pocket. Today, a website and voicemail would be smarter options; however, I believe Shannon Pratt's Valuing a Business is still required reading for anyone starting out in the business valuation profession. That said, the 6th edition of Valuing a Business has plenty of useful, and timely, information for seasoned practitioners—timely in the sense that many of the chapters in this book discuss the effects of the coronavirus disease 19 (Covid-19) pandemic on the mechanics of valuing a business. Valuing a Business can be described as part business valuation primer and part business valuation compendium. Each chapter is well written and replete with references. The book is divided into the following eight parts: (I) state of the profession, the engagement, and...

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