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General questions about small business management, planning, and measuring and improving business performance. Specific questions about what a business is worth.
Certified Public Accountant, Accredited in Business Valuation (ABV) and Certified Valuation Analyst (CVA). Over 30 years experience advising, owning and operating small businesses. Specializing in business valuation and innovative consulting services for small businesses since 1997.
There is no one right answer, only alternatives.
I am always learning and will never stop. I hope to help small business owners become more successful in all aspects of their life.
Generally accepted solutions are often specifically wrong.
| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Anne Anson | 02/04/12 | 10 | 10 | 10 | David, Thanks so much for your answer ..... |
| Shend M | 11/17/11 | 10 | 10 | 10 | Thank you David. Those were quite helpful ..... |
| Nigel | 08/24/11 | 10 | 10 | 10 | |
| abdirahim | 06/12/11 | 10 | 10 | 10 | Thanks a lot it is very good ..... |
| Prashant Akerkar | 06/10/11 | 10 | 10 | 10 | Dear David Thank you. Thanks & Regards ..... |
From an operational standpoint I have witnessed many owners of small restaurants try to manage them without being there, and the results are typically not good. The key issue is getting your employees
I absolutely believe my quote represents the best practice for a buyer. Another way to state it is: never, ever pay for potential. The reasons are simple, common-sense. Potential by definition has to be
For the invoices, employee info and bills, I recommend QuickBooks. It is the most widely used accounting program and is easy to learn and use. For the scheduling I don't have any first hand knowledge of
This question cannot be answered with a simple yes or no. It is a decision you must make on your own. If you need confirmation from someone else you are probably not ready to be in business for yourself
I specialize in working with small, owner-operated businesses that rarely have excess cash to invest. If they do have excess cash it is usually a very temporary situation so they may keep it in a savings
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