I'll be joining an investment firm as a consulting lateral hire, where I did a lot of macro modeling. However, the new job will require me to quickly pick up on the more practical business valuation models. I've been reviewing techniques but would like to put this into practice by valuing a couple of family businesses.
Can you suggest (perhaps even send) an excel-based model, preferably a set that includes DCF and a few others? Is it worth buying templates on the internet, or should I attempt to build one from scratch? I was looking at the McKinsey model on wileyvaluation.com, but the price ($165) seems a bit steep for a template. If this far and above the best template, I'll plunk down, but I have a feeling their are cheaper, better alternatives out there.