Chris Barrett

When it comes to accounting methods, cash basis accounting is often favored by small business owners for its simplicity. Under this approach, revenue is only recognized when cash is received, and expenses are recorded when cash is actually paid. While easy to manage, this method can distort the financial picture by failing to align revenue and expenses with the periods they relate to, resulting in inconsistent, “lumpy” financials.

Signing a Letter of Intent (LOI) is a big step in acquiring a business. It signals serious intent, begins due diligence, and often involves commitments of time, effort, and money. But being under LOI does not guarantee you should go all the way to closing. Sometimes walking away is the smartest decision you can make. In this article, you’ll discover three critical reasons to walk away before closing so you can avoid buying the wrong company and instead, invest in the right one.

If you’re preparing for a business acquisition, you’ve likely heard that a Quality of Earnings (QoE) report is a must-have in your due diligence toolbox. But how much does it cost, and what exactly determines that price tag?

The cost of a QoE report can vary widely,

One of the most common questions aspiring entrepreneurs ask is: “Can I realistically buy a business while working full time?” The short answer is yes, you absolutely can.

This path is becoming increasingly popular, especially among professionals who want to transition into entrepreneurship without taking on the immediate financial risks of leaving a stable paycheck. By keeping your job, you maintain financial security, reduce stress around funding, and give yourself more time to evaluate deals carefully. At the same time, this approach comes with challenges, since the search process is time-intensive, brokers may question your seriousness, and juggling responsibilities requires discipline and structure.

The good news is that with the right strategy, strong time management, and a clear acquisition plan, it’s possible to make real progress toward ownership even when your schedule feels packed. In this guide, we’ll explore why buying a business while working full time can work, the trade-offs compared to full-time searching, and the practical steps you can take to make it happen. By the end, you’ll have a roadmap for approaching your search with confidence, credibility, and clarity.