The Value Equation: A Business Guide to Wealth Creation for Entrepreneurs, Leade

Description: The Value Equation by Christopher H. Volk Discover one of the surest means to create personal wealth by building a profitable business Every now and then, a business book comes along that offers original insights and a fresh perspective. In The Value Equation: A Business Guide to Creating Wealth for Entrepreneurs and Investors, veteran executive, entrepreneur, and investor Chris Volk delivers an engaging, straightforward explanation about how businesses work and provide wealth for entrepreneurs and investors. The authors signature approach is centered on his award-winning wealth creation formula in a book designed to simplify complex subjects with math no more complicated than what you learned in middle school. Readers will become acquainted with the characteristics of successful business models, together with insights into how leaders can improve their own models in ways that generate personal and collective wealth. The authors framework presented in The Value Equation is the foundation upon which most of the largest personal fortunes were built. Chris Volk also provides supplemental materials including interactive Excel spreadsheets, illustrations, and sample corporate financial models on a companion website. There is even a link to an award-winning video series created by Volk that served as his inspiration for the book. Full of illustrative case studies that highlight crucial business and finance concepts The Value Equation includes: Explorations of the true value of using OPM (Other Peoples Money) and capital stack variations to build and grow your company.Advice on business assembly, growth, mergers, acquisitions, and corporate reengineering, including discussions of valuation multiples, common risks, and capital options.Guidance on how to valuate business models, delivered with help from a variety of stories and case studies. Uniquely, the author also draws on his own background, including the introduction of three successful companies to the public markets, two of which he was instrumental in founding. The Value Equation is an indispensable addition to the libraries of anyone interested in growing wealth and capital through business, whether as a business leader, entrepreneur or investor. FORMAT Hardcover LANGUAGE English CONDITION Brand New Back Cover Praise for THE VALUE EQUATION "Chris Volk is a walking, talking Capital Asset Pricing Model -- only better. Hes a rare combination of successful entrepreneur and talented teacher. This book is a gift for anyone interested in business, from start-up dreamer to seasoned executive." --R. Ted Weschler Investment Manager, Berkshire Hathaway " The Value Equation is a natural extension of Chris successful career-long exploration of his business formula for creating wealth. A must-read for every business leader, MBA student, entrepreneur or investor." --Amy Hillman, PhD Arizona State University, Rusty Lyon Chair of Strategy and Professor, Department of Management & Entrepreneurship "In The Value Equation, Christopher Volk presents a time-tested business model that teaches readers the financial dynamics of how great fortunes are built and how they can do it too. I highly recommend it!" --Daniel Burrus Serial entrepreneur, and author of seven books including The New York Times bestseller Flash Foresight and The Anticipatory Organization "When someone who has helped found and build companies that have created business and corporate wealth writes a thoughtful book about how to create business and corporate wealth you should read it! Chris has written a detailed and informative book which many can benefit from." --Larry Pitkowsky Managing Partner, GoodHaven Capital Management Flap Praise for THE VALUE EQUATION "Chris Volk is a walking, talking Capital Asset Pricing Model -- only better. Hes a rare combination of successful entrepreneur and talented teacher. This book is a gift for anyone interested in business, from start-up dreamer to seasoned executive." --R. Ted Weschler Investment Manager, Berkshire Hathaway " The Value Equation is a natural extension of Chris successful career-long exploration of his business formula for creating wealth. A must-read for every business leader, MBA student, entrepreneur or investor." --Amy Hillman, PhD Arizona State University, Rusty Lyon Chair of Strategy and Professor, Department of Management & Entrepreneurship "In The Value Equation, Christopher Volk presents a time-tested business model that teaches readers the financial dynamics of how great fortunes are built and how they can do it too. I highly recommend it!" --Daniel Burrus Serial entrepreneur, and author of seven books including The New York Times bestseller Flash Foresight and The Anticipatory Organization "When someone who has helped found and build companies that have created business and corporate wealth writes a thoughtful book about how to create business and corporate wealth you should read it! Chris has written a detailed and informative book which many can benefit from." --Larry Pitkowsky Managing Partner, GoodHaven Capital Management Author Biography Christopher H. Volk Veteran Executive, Entrepreneur, Business Leader & Investor A recognized business model expert, Chris has introduced and led three successful public companies, two of which he co-founded. Those companies provided more than $20 billion in growth capital to thousands of businesses, helping them succeed. Chris resides with his wife in Arizona and Alabama. Table of Contents Preface xi Introduction 1 Chapter 1: Free Enterprise and Wealth Creation 11 In the Beginning Is the Idea 12 Unicorn Likelihood 13 Odds of Success 14 The Six Variables 16 Chapter 2: Daymond John and the First Variable 17 Accountants vs. Entrepreneurs 21 Variable #1: Business Investment 23 Chapter 3: The Capital Stack and Two More Variables 25 The Right Side 25 Other Peoples Money (OPM) 26 Variables #2 and #3: Amount and Cost of OPM 29 Cost of Capital vs. Cost of Equity 30 Capital Stack Assembly 31 Equity Sourcing 33 Chapter 4: Three More Variables and Voilà! 35 Variable #4: Sales 36 Variable #5: Operating Profit Margin 36 Variable #6: Annual Maintenance Capital Expense 37 Putting the Six Variables Together 39 Gordon Growth Model 42 Equity Valuation 43 The Miracle of Compounding 44 Dissecting Investment Returns 47 Chapter 5: The Value Equation 51 EVA and EMVA 52 Making the V- Formula Even Simpler 54 Solving for Other V- Formula Variables 56 V- Formula Data Tables 58 Chapter 6: Business Model Evaluation 61 STORE Capital 62 The FAANGs 66 Chapter 7: Pulling the Corporate Efficiency Levers 75 Operating Efficiency (O) 76 Asset Efficiency (A) 80 Capital Efficiency (C) 85 Six- Shot Economics 88 Chapter 8: Choosing from Your OPM Options 89 Designing Your Own OPM 90 Leasing 91 Creating a Model to Evaluate OPM Options 93 Real Estate as an Investment 98 Chapter 9: Opportunity Cost 101 Some Opportunity Cost Illustrations 102 Creating a Model to Evaluate Real Estate Lease Opportunity Costs 104 Chapter 10: The Final Form of OPM 115 OPM Equity 116 Sustainable Growth Rate 118 Taking on OPM Equity 120 Contents ix Deciding How Much OPM Equity to Use 121 Creating a Five- Year Model 122 Sweetening the Deal 125 OPM Equity Flavors 127 OPM Equity Considerations 129 Chapter 11: A Look at Public Companies 131 Determining Public Stock Equity Returns 137 Walmart 143 Chapter 12: Animal Spirits 149 Elon Musk and Tesla 152 Stock Exchange Differences 154 Restaurant Case Studies 155 Lone Star Steakhouse & Saloon 155 Boston Chicken 158 Value Investing 159 Chapter 13: Mergers and Acquisitions 165 OPM Capital Options 167 Solving for Equity and Company Valuation 170 EBITDA Valuation Multiples 172 M&A Risks and Rewards 173 M&A Nightmares 176 GE and M&A- Driven Growth 179 Focusing on What Matters 184 Chapter 14: The Essential Ingredient 187 The Growing Restaurant Illustration 187 Designed Structural Change 189 Planned vs. Imposed Structural Change 197 Blockbuster Video 200 Designed Revolutionary Change 203 Reengineering the Corporation 205 Chapter 15: The Art of the Possible 209 The Circles of Business Life 212 Evolving Capital Choices 216 Value vs. Momentum Investing 219 Defining a Financial Win 221 Some Final Thoughts 225 Glossary of Terms 227 The Value Equation Framework 231 Notes 237 Acknowledgments 243 About the Author 245 Index 247 Details ISBN1119875641 Short Title The Framework Language English Year 2022 ISBN-10 1119875641 ISBN-13 9781119875642 Format Hardcover Country of Publication United States Publisher John Wiley & Sons Inc Imprint John Wiley & Sons Inc Place of Publication New York Pages 272 NZ Release Date 2022-05-10 UK Release Date 2022-05-10 Author Christopher H. Volk Publication Date 2022-07-04 Subtitle A Business Guide to Wealth Creation for Entrepreneurs, Leaders & Investors DEWEY 658.15 Audience General US Release Date 2022-07-04 AU Release Date 2022-05-16 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:135226086;

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