Business Buyers: What Exactly is “Due Diligence” Anyway?
Anyone who has ever bought or sold a business, or has even thought about it, knows the term “due diligence.” However, most people severely underestimate the scope of what due diligence entails. To fully understand due diligence, it helps to compare it with a more...
Business Acquisitions: The Importance of Understanding Your Cash Flow
If you’ve ever bought a house, you know that up-front costs are only half the battle. Even when the math looks good on the surface – you have the down payment, and even know what you will pay in land transfer tax - the closing costs often come as a surprise. Lawyer’s...
Financial Ratios
In order to understand a business, you must understand the ratios behind it – i.e., what makes it work. Ratios provide insight into a business’ profitability, liquidity, efficiency and leverage ability. When you are analyzing a business’ balance sheets and income...
Valuing Your Business and Preparing for Sale
Ever wonder “what is my business worth?” or “who will buy my business when I am ready to retire?” It is never too early to start thinking about your business value, and your exit strategy. If you plan ahead and ensure your business runs well without you, and you will...