• Three Costly Mistakes to Avoid when Buying a Business

    Posted by: Tawnya

    Buying a business is a complex process. It is important to stay alert and focused throughout the transaction. Avoid these three costly mistakes when buying a business.

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  • How and When to Tell Your Employees about the Business Sale

    Posted by: Tawnya

    Communication at the right time and in the proper manner is a critical component of a successful transaction. There are some business owners that decide to tell their employees when they originally put the business on the market for sale. This can be beneficial or detrimental.

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  • How to Creatively Finance Your Business Acquisition

    Posted by: Tawnya

    When you are looking to acquire an established and profitable business, there are many creative ways of financing your acquisition. Cash may be king, but let's face it -- leveraging your cash gives you much more purchasing power!

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  • How to Prove Your Undeclared Income when Selling Your Business

    Posted by: Tawnya

    One of the greatest challenges faced by entrepreneurs that have skimmed cash from their businesses, is to establish this income as ‘earned but unreported’. Without the ability to prove the existence of this income, the buyer will exclude it from the business value and decrease his/her purchase offer accordingly.

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  • When is the Best Time to Buy a Business?

    Posted by: Tawnya

    Buying a business involves inherent risks and sometimes even small mistakes can be costly. Before moving forward with the purchase of a business, it's important that you ask yourself if this is actually the right time for you.

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  • How Do You Handle Unearned Income when Buying or Selling a Business?

    Posted by: Tawnya

    One of the common issues that arises when buying or selling a small business is how to tackle customer deposits and unearned income. This is an area that is often overlooked during the negotiations and can present unwelcome surprises for the Seller, the Buyer, or both, depending on how it is addressed, or if it is addressed, in the Asset Purchase Agreement.

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