Buying Out a Business Partner: Why Waiting Could Cost You More By Terry Watts, MBA, CM&AP, CEPA If you're planning to buy out your business partner in the next few years, there's an important financial consideration that many business owners overlook. Doubling your company's earnings coul
READ MORE »A profitable business can still leave you broke. That might sound counterintuitive, especially if you're considering purchasing an established business with a history of profitability. However, one of the biggest mistakes prospective business buyers can make is assuming that the seller's historic
READ MORE »Natural disasters may hit at any time of the year, but the recent wildfires in Colorado and derecho (line of violent thunderstorms) that cut a path across the Midwest and mid-Atlantic have made Americans aware that the atmosphere is often very unstable during the summer months. Have you given any t
READ MORE »Prospective business buyers often make the terrible mistake of being overzealous when talking with a seller for the first time. I get it; you’re excited. Perhaps you have spent a ton of time looking at listings and do not want to waste any time on potential businesses that fail to meet your cr
READ MORE »I have very fond memories of my first “real” job. After all, this was my initial step into the real world: no longer did I receive cash for a few hours of watching someone’s children; I now had my hands on an official paycheck – complete with my social security number, full a
READ MORE »Most business owners seek a valuation for their company when there’s an immediate need — they’re ready to sell or raise capital now, or they have a shareholder that is being bought out or gifting equity to family. But valuations can be useful whether a deal is imminent or not. We
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