This morning I was reviewing the week and some of the people and situations I dealt with. One gentleman in particular who was buying a business for his daughter (40 year old daughter) made a comment about the lack of sophistication of the sellers. I don’t think the comment was intended as an insult but […]
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Education…is critical in the business buying process
I got a contract yesterday from another broker. Contract accepted, everything fine. Then the following day an email from an adviser (not an accountant, not a lawyer) but a professional I do respect making a statement to the buyer that they should not make an offer till they see the tax returns of a business. […]
‘Tis the Season for a business broker
November and December are slow times in the business sales world. Deals that are not already in the box face little to no chance of being closed out before the end of the year. That being said, there are still many many things to be done for prospective sellers and those already on the market. […]
Who do you hire for due diligence? CPA and Attorneys have a role!
Whether you are buying a business or selling one engaging the right professionals is critical to success. Of late I have seen some alarming seller / buyer comments regarding the cost of professional attorneys and or cpa’s when doing a deal or specifically due diligence on a business. Let me say bluntly and for the […]
Real World Stats on Selling a Business
Probab Stats for business salse stats in florida from Michael Shea PA ly one of the best presentations on the data regarding small business sales