What is an Earnout in an Accounting or CPA Practice Sale?
An earnout in any transaction means a seller will not receive all the money he is due until certain financial components or targets are met. A seller’s price for their business is contingent on some performance metrics set by the purchase contract. There is usually some cash out to the seller at close in these deals, but […]
Is It Worthwhile to Purchase an Underperforming Business
If you have been looking at businesses for sale for any length of time, you are probably aware that many of those that are on the market are going to come with various challenges. There is a reason that the owner is selling, after all, and unless they are leaving for retirement, health concerns, or […]
How to Find a Business You Will Love
Most people go into business for several different reasons. One of the top reasons of course is that they want to make enough money to support their preferred lifestyle. Also, towards the top would be the freedom and flexibility that comes with being an entrepreneur. When you own your own business, you are the one […]
Should You Take on a Partner When Buying a Business
Purchasing a business is one of the most exciting steps for an aspiring entrepreneur. Being in business for yourself gives you direct ownership of your time, and it can quickly put your life on an upward trajectory. When considering buying a business, a frequent question often comes up, “should I take on a partner for […]
How to Purchase an Existing Business
Starting a business from scratch can be extremely challenging, which is why many aspiring entrepreneurs decide to purchase an existing business. Buying a business that is already established allows you to forgo all the headaches and financial stress associated with the initial startup phase, so you can move straight to reaping the rewards of being […]
How Much Working Capital Does a New Business Owner Need
Buying a business is a major step, and new owners are usually very optimistic when they take over operations. You have found your ideal business, you are confident that you can run it successfully, you have done your due diligence, and now you are figuring out how much money you need to come up with […]
Can You Buy a Business Without Collateral
It’s a new year, and you may be thinking that this is the time for you to finally fulfill your dream of becoming an entrepreneur. But there is just one problem; you do not have the capital available to get started. You might be able to start a low overhead business from scratch, but you […]
Are You Ready To Become a Business Owner
Many people aspire to become entrepreneurs. The thought of owning your own business and having the freedom to set your own schedule is very appealing, not to mention the ability to earn an income that is not capped by what an employer is paying you. There is no denying the incredible rewards that can come […]
Putting Yourself in Your Buyer’s Shoes When Selling a Business
When you are getting ready to sell your business, there is a lot to think about, and a lot of preparation that goes into the process. This is most likely the largest and most consequential transaction you have ever been involved in, so it is very important to plan properly and do everything possible to […]
What are the Best Business Opportunities
Another year is in the books and as hard as it is to believe, it has already been two years since the start of the global Covid-19 pandemic. While we are moving back toward some sense of normalcy, the virus is still out there, and world economies have been shaken by supply-chain problems, rising inflation, […]
