Purchasing a Small Business Financial Management for the Small Business A. Why buy a small business? B. Starting out-the nine steps C. Initial details to consider 1. Are partners needed? 2. Economic factors 3. Is the location acceptable? 4. Tax strategy II. Where to start A. How much income is needed? B. The "Thirteen Steps" to acquiring a business III. Locating a potential purchase A. The Acquisition Plan B. Beginning the search-who can help? III. Negotiating a purchase price A. Valuation of a small business 1. Why do a valuation? 2. Choosing the method that is best for your situation 3. Some different methods of valuing a business a. Ability-To-Pay Method b. Discounted Cash Flow Method c. Excess Earnings Method B. Calculating goodwill C. Setting the purchase price D. The letter of intent IV. F....

Number Of Pages: 11

Number Of Words: 2796

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