Do you know the market value of your business?

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Why would you get an estimation of the value of your business? There are four primary reasons for obtaining a business valuation and one secondary reason: Primary: 1.  Transaction:  Buyers, sellers, lenders or others may seek an informal or formal valuation to support decision-making about a sale, recapitalization, minority investment, debt financing or reorganization. 2. […]

Three terms you must know prior to making an offer to acquire an existing business

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Balance Sheets: Five things you must know

This is the second part of our “Accounting for Small Business Owners” series.  In the first module we covered the two types of accounting methods – cash and accrual.  Next we are going to present the basics of financial statements and then focus on the balance sheet. Much like it’s hard to explain to a […]