Small Business Confidence

The Midwest hasn’t been known as being on the cutting edge or being the leading indicator. However, there are positive signs of stability and growth in our world that might be lagging elsewhere. (Maybe it’s the press that keeps some people looking at the glass as...

Cash Flow is King

It’s great being part of the entrepreneurial community in Kansas City where there are many great formats for meeting professionals in accounting, law, financial services, etc. One local group had a terrific networking lunch and learn.  If you weren’t able to attend...

Sell a Business to Cover Retirement?

“Don’t count on it” according to a recent article in the NYTimes. Not unless you have done some essential planning in advance. Here is what you need to do: Consistently set aside retirement savings. Choose the proper type of instruments for your investable assets....

Pricing a Business

What do sellers want when they sell their business? The best possible price of course (in cash)! The seller wants to be compensated for all their years of hard work developing a strong business. But what is the true value of the business? The company may have...

Due Diligence Time

When is it appropriate for a potential business buyer to ask for details of the seller beyond financial statements and tax returns? Normally, in the process of buying a business, the buyer will find teaser information on our website or another business-for-sale site...

Commitment

Owning a business takes commitment. As any successful business owner would tell you, it takes focus and effort  to get through rough patches, employee problems, customer complaints, short cash positions, excessive receivables, government regulation, etc.  However,...