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Time to Prepare Your Opportunity Plan

Time to Prepare Your Opportunity Plan? Unless you are in the market for an investment opportunity, buying a business is not about examining a set of financial statements and acquiring a long list of assets.  It is about your life. Before you start looking at specific businesses, perhaps you should prepare an opportunity plan. What…

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What’s Your Expiration Date?

So you want to buy a car?  You are ready for a new ride so out with the old and you go searching for a new vehicle. You don’t want a brand new one that would cost $50,000. Buying used makes since you want to live well and retire one day and still live well.…

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Moving Forward

Have you ever sat at a crossroad, looking left, looking right?  Looking left and right and then doing it again.  Sometimes, standing at a fork in the road gets you stuck.  Which way gets you where you truly want to be?  You aren’t entirely weird if standing at a crossroad makes you question where you…

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Cash is King

If selling a business depended on one thing and one thing only it would be; Cash Flow. Cash Flow is the main factor in determining a business’s value in the market. The term SDE (Sellers Discretionary Earnings) is just a fancy term to describe the term Cash Flow. If you want to sell your business,…

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Keeping Time On The Buyer Side

Almost as many songs have been written about ‘time’ as have been written about ‘love.’ Why? Because time—either too much, or too little–can make all the difference in many things, including a love affair or a business deal. Take that business deal for example, a buyer is excited about buying the business his broker has…

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4 Things You Need to Do Before Buying a Business

Identify Your Interests   If you have absolutely no idea what business you want to invest in, first eliminate businesses that are of no interest to you.   Consider Your Existing Talents Being honest with yourself about the skills and experience you will bring to any venture.  That can help you eliminate unrealistic businesses for…

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The Quantum Leap Myth

Have you picked up the latest power ball ticket? The estimated Jackpot is over 40 Million. Although it’s a $2 investment; you are more likely to be bitten by a shark in your car driving down the highway. But it begs the question- why are so many Quantum Leap believers buying these tickets to create…

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What the Ideal Buyer Expects From the Seller

Step into your potential buyer’s shoes for a moment. Buyers expect the same things YOU would expect if you were them. They expect: Reasonable price and terms.  When a business is for sale, a reasonable price at fair market value is determined by other businesses in a similar industry to the one available for sale.…

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The (Obvious) Advantages of Buying an Established Business

* You don’t waste time scouting for a location. It’s already there. * You know what products the business is selling or service the business is offering. * An established customer base lets you start without pounding the pavement, looking for buyers. * An existing cash flow means you start with a realistic expectation of…

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Smart Money, Smart Choices?

Unreported cash can be a problem for a business, though these 318,462 reasons make it easy to understand why anyone would want to reduce their tax bill.  But before hiding cash, under reporting revenue or beefing up expenses, there could be unexpected consequences every business owner should consider. Operating Capital If the owner needs a…

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