• Three Costly Mistakes to Avoid when Buying a Business

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    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 to Creatively Finance Your Business Acquisition

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    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 Creatively Finance Your Business Acquisition

    Posted by:

    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!

    Read full post »

  • When is the Best Time to Buy a Business?

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    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?

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    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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  • Working with Attorneys when Buying or Selling a Business

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    Buying a business can be complex. There are many variables and a lot of people involved in the transaction. Many times in addition to the Buyer and Seller, there is also a Landlord, Lender, Escrow Company, Accountant, Business Broker, and often at least one Attorney. When you have your attorney review the purchase agreement or the escrow instructions, it is important that you narrow the scope of their work.

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  • Three Differences to Consider between Buying a Business and Buying Real Estate

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    When purchasing a business, many first time buyers attempt to relate the purchase of the business back to their memories of when they purchased their home. This can be severely detrimental because for many, the business purchase is undoubtedly the biggest investment of their lives and small mistakes can result in substantial losses.

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  • How to Do Due Diligence on a Small Business

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    When buying a small business, it's essential that you know what it is that you're buying. Many small businesses are sold based on seller stated revenue and earnings figures and without delving into the financials to make sure the numbers are substantiated, a buyer can end up overpaying for a business that generates revenue much less than what was stated.

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  • What is a Financial Recast and Why is it Important?

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    When valuing a business, it is important to identify and understand the economic value of the business. The economic value of a small business will typically be substantially different from the book value and from the tax mitigated value.

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  • What is a Financial Recast and Why is it Important?

    Posted by:

    When valuing a business, it is important to identify and understand the economic value of the business. The economic value of a small business will typically be substantially different from the book value and from the tax mitigated value.

    Read full post »