7 Red Flags to Avoid When Buying an SMB
Jon Stoddard
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Jon Stoddard
Investor + Host of "Top M&A Entrepreneur's Podcast" + I can help you Buy a Million Dollar Business
Jon and Holli discuss the critical topic of spotting fraud in small to medium-sized businesses (SMBs) during mergers and acquisitions (M&A). They outline seven red flags that potential buyers should be aware of, including inconsistent financial statements, unusual revenue trends, unreported liabilities, and more. The discussion emphasizes the importance of due diligence and thorough examination of financial records to identify potential fraud and protect investments.
Investor + Host of "Top M&A Entrepreneur's Podcast" + I can help you Buy a Million Dollar Business
1 个月Holli sound million dollar sound bites, 1. "Due diligence, due diligence, due diligence." 2. "If it's too good to be true, it's not true." 3. "Excessive hiding is not appropriate." 4. "10 to 30 percent of the transactions have fraud" 5. "changing accountants is a signal..." 6, "Disciplined businesses get paid."
CFO Services, Executive, Business Strategist Helping SMBs develop clear financial strategies so they can achieve their goals.
1 个月Thanks for having me on your podcast. I hope it is helpful to your audience!