Smith Floyd University | Smith Floyd Mergers & Acquisitions

Three terms you must know prior to making an offer to acquire an existing business

September 23, 2011 by Matthew DiGeronimo Leave a Comment

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Filed Under: Blog, Business Transactions, Buyer's Blog, Buying a Business, Selling a Business, Smith Floyd University

Balance Sheets: Five things you must know

September 22, 2011 by Matthew DiGeronimo Leave a Comment

This is the second part of our “Accounting for Small Business Owners” series. In the first module we covered the two types of accounting methods – cash and accrual. Next we are going to present the basics of financial statements and then focus on the balance sheet. Much like it’s hard to explain to a [...]

Filed Under: Accounting, Buying a Business, Running a Business, Smith Floyd University, Uncategorized Tagged With: accounting, accrual method of accounting, balance sheet, cash flow statement, income statement, small business basics

Accounting for Small Business Owners Series (#1 – Accounting Methods)

September 21, 2011 by Matthew DiGeronimo Leave a Comment

This series will address the principles of accounting with which every small business owner must be familiar. Trust me, we do not want to put you to sleep with accounting . . . you are an entrepreneur not an accountant. Unless you are an accountant, them I’m just kidding . . . accountants rock! [...]

Filed Under: Accounting, Running a Business, Smith Floyd University, Starting a Business Tagged With: accrual accounting, cash accounting, personal budget., principles of accounting, small business owner

Is now the right time to sell?

Now is not the right time to go to the store for groceries, nor is it the right time to buy a new car, nor is it the right time to go back to school to finish your degree. Time stops for no one and this rule is no exception to the sale of your [...]

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Is Now the Right Time to Sell Your Business?

The short answer: No! “Now” is not the right time to do anything. Use this “now” as an example, if it was “later” you would not be reading this because you would be working on things that really matter to you and your future. “Now” is a time for planning and thinking, “later” is where [...]

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Three Biggest Lies in the Business Sales World

There is no doubt about it, that the world of business sales is a shark-infested ocean. From mom/pop stores that sell for $80k to middle-market deals of $10 million+ . . . to buying shares of publicly traded companies. The sharks take on many different forms. The most dangerous ones are those that approach with [...]

Why you should STOP thinking about franchising your business . . . NOW!

“Matt, I have this really great idea for a business franchise. Can you help me?” If I had a nickel for every time I have heard this question, I would have a decent amount of nickels. My answer is routinely as follows, “So you want to franchise your business? You have an idea that you [...]