This essential business manual shows how to buy a small business, shape it up, and sell it for a profit. The investor-owner controls her or his own destincy, uses business skills, and pays herself or himself a salary in the process. The book includes tips on assessing value and risk in a small business. There is an entire chapter devoted to quick turnarounds. The author also stresses the importance of having a business plan before buying a company. The book will help the reader sharpen the following abilities: performing evaluations of businesses, evaluating the potential upside and risk, developing an exit and business plan, structuring the purchase deal, and getting out at the right time and price.
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About the Author
Ernie Stech was President and CEO of a successful small business in Denver, Colorado. He bought into the business and retired from it to become a consultant to small business owners and buyers. He has conducted numerous seminars on how to buy a business and how to prepare a small business for sale. Stech is the holder of two patents, has written and published six books, and was a college professor for fifteen years.
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