“Working Capital” is an important part of business buy/sell transactions, but it is not a term commonly used or known by most business owners. Working capital is the invisible asset in every business. Basically, it is the ready cash on hand needed for day to day operations. Read further to understand how it is calculated for a buy/sell transaction, and how it impacts the value of the deal.
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A family business is more than just a company; it’s a legacy, or maybe it’s a retirement asset. Yet, without a thoughtful and strategic succession plan, that legacy or that retirement plan is at risk. Statistics show that many family businesses fail to survive past the second generation, some don’t even make it that far. Most often the culprit is lack of formal succession planning. The good news is that a structured approach can ensure a smooth handover, preserve family harmony, and set the b...
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