Denise received a modest inheritance from a great aunt and wants to use it to buy a small business. Her problem is that she just doesn’t have the first idea how to go about finding a business to buy. Advise her.
Answer to relevant QuestionsDenise settled on a nail salon in her town. She is ready to perform due diligence. The current owners have provided her with a set of their financial statements and the tax reports for the last several years. It’s been a ...1. What do you think about Sly's explanation of the differences between his income statement and his 1040 Schedule C? 2. Suppose that the income statement is reasonably accurate. What do you think about the purchase ...What are the differences between innovative and imitative strategies? Which is more likely to be something a small business can pursue? 1. Thinking about the Porter model, from what sectors would Ronnie’s competitors be coming from? What kinds of threats do they pose to his business? 2. Pick two tactics from the list in Exhibit 7.2 and explain how they ...What are the reasons to write a business plan?
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