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Buy a Business Articles

What Should You Evaluate When Buying a Business?

By Patrick Bice / October 17, 2018 / Comments Off on What Should You Evaluate When Buying a Business?

Buying a business can be an exciting prospect. For many prospective business owners, owning a business is the fulfillment of a decades long dream. With all of that excitement comes considerable emotion. For this reason, it is essential to step back and carefully evaluate several key factors to help you decide whether or not you…

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Interested in Buying a Business? Check Out These 3 Commonly Overlooked Areas

By Patrick Bice / September 18, 2018 / Comments Off on Interested in Buying a Business? Check Out These 3 Commonly Overlooked Areas

When it comes to buying a business, nothing is more important than the factor of due diligence. For most people, this investment is the single largest financial decision that they will ever make. And with this important fact in mind, you’ll want to leave absolutely no stone unturned. Let’s examine the three most commonly overlooked…

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Key Elements for Every Partnership Agreement

By Patrick Bice / August 7, 2018 / Comments Off on Key Elements for Every Partnership Agreement

You should never forget that your partnership agreement is, in fact, one of the most important business documents you will ever sign. Many people go into business with loved ones, relatives or lifelong friends only to discover (once it’s too late) that they should have had a partnership agreement. A partnership agreement protects everyone involved…

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Is It Time to Become a Business Owner? 3 Questions to Ask Yourself.

By Patrick Bice / July 24, 2018 / Comments Off on Is It Time to Become a Business Owner? 3 Questions to Ask Yourself.

Many people know that owning a business isn’t for them. But for others, the appeal and lure of owning their own business can be powerful indeed. If you are uncertain as to whether or not this path is for you, there are a few simple questions you can ask to gain almost instant clarity. In…

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The Importance of the Term Sheet

By Patrick Bice / April 30, 2018 / Comments Off on The Importance of the Term Sheet

The value of the term sheet shouldn’t be overlooked. From buyers and sellers to advisors and intermediaries, the term sheet is often used before the creation of an actual purchase or sale agreement. That stated, it is important that the term sheet is actually explained in detail. Let’s take a closer look at its importance.…

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The Top 3 Key Factors to Consider about Earnings

By Patrick Bice / July 5, 2017 / Comments Off on The Top 3 Key Factors to Consider about Earnings

Two businesses could report the same numeric value for earnings but that doesn’t always tell the whole story. As it turns out, there is far more to earnings than may initially meet the eye. While two businesses might have a similar sale price, that certainly doesn’t mean that they are of equal value. In order…

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Are You Sure Your Deal is Completed?

By Patrick Bice / June 14, 2017 / Comments Off on Are You Sure Your Deal is Completed?

When it comes to your deal being completed, having a signed Letter of Intent is great. While everything may seem as though it is moving along just fine, it is vital to remember that the deal isn’t done until many boxes have been checked. The due diligence process should never be overlooked. It is during…

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What Should Be in Your Partnership Agreement

By Patrick Bice / January 17, 2017 / Comments Off on What Should Be in Your Partnership Agreement

Partnership agreements are essential business documents, the importance of which is difficult to overstate. No matter whether your business partner is essentially a stranger or a lifelong friend, it is prudent to have a written partnership agreement. A good partnership agreement clearly outlines all rights and responsibilities and serves as an essential tool for dealing…

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Can I Buy a Business With No Collateral

By Patrick Bice / January 3, 2017 / Comments Off on Can I Buy a Business With No Collateral

At first glance the idea of buying a business with no collateral may seem impossible, but in reality it can be done. Let’s examine your options. When it comes to achieving this goal, your greatest assets are an open mind and a commitment to hanging in there despite the odds. The Small Business Association’s 7…

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Should You Become a Business Owner?

By Patrick Bice / December 19, 2016 / Comments Off on Should You Become a Business Owner?

While being a business owner may in the end not be for everyone, there is no denying the great rewards that come to business owners. So should you buy a business of your own? Let’s take a moment and outline the diverse benefits of owning a business and help you decide whether or not this…

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