In this episode of the ‘I Bought a Business’ podcast, Chris Barrett, CPA of Midwest CPA, interviews Dhruv Patel, a former Army Medical Corps officer who successfully transitioned into Med Spa acquisition entrepreneurship. Together, they explore Dhruv’s journey from military service to owning a Med Spa. Additionally, they discuss the steps involved in buying a Med Spa and the challenges Dhruv faced during the acquisition process.
How to Buy a Med Spa Read More »
Planning to acquire a business? A Quality of Earnings (QoE) report is crucial to understanding the financial health of your investment. This article explains how QoE reports help uncover the true value, identify potential risks, and support a successful acquisition.
Why a Quality of Earnings Report is Your Best Friend in Business Acquisitions Read More »
Struggling to decide the best entity structure for your small business? This guide breaks down the benefits and tax implications of C-Corps, Partnerships, S-Corps, and Sole Proprietorships to help you make an informed decision. The right entity structure can significantly impact your business’s tax obligations, growth potential, and overall operations. Let’s dive in and explore which option best fits your needs.
Choosing the Best Entity Structure for Your Small Business Read More »
U.S. companies no longer file Beneficial Ownership Information reports. What FinCEN changed in 2025 and 2026, who still has to file, and what it means if you are buying or selling a business.
Beneficial Ownership Information (BOI) Reporting in 2026: U.S. Companies No Longer File Read More »
A proof of cash ties reported revenue and expenses to actual bank activity. Learn how it differs from a bank reconciliation, how to perform one, and why it matters in due diligence.
What is a Proof of Cash? Read More »
When selling a small business, two crucial factors significantly impact the purchase price:
Earnings:
The amount of earnings your company generates is a key determinant, typically measured as Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA). A sell-side quality of earnings analysis presents an opportunity to enhance both the quantity and quality of these earnings.
EBITDA can be increased by identifying adjustments to your financials that a new buyer should not anticipate incurring. This includes one-time expenses or events, personal expenses that the owner ran through the business, or the normalization of recent changes to business operations.
When the buyer is performing due diligence they are going to be looking for adjustments that will favor them. However, they are not going to point out to you adjustments that will be in your favor it’s up to you to do that.
Sell-Side Quality of Earnings Report and 6 Reasons to Get One Read More »
If you’re an aspiring entrepreneur but don’t think a startup is right for you, a search fund could be your answer.
Entrepreneurship through acquisition (ETA) is a compelling pathway to realize your business ownership goals and own an established business. Search funds provide the financial vehicle to make that dream a reality.
In this article, we’ll provide an overview of search funds, contrast different models, how to start one, and shed light on the appeal, challenges, and trends surrounding them.
A Guide to Search Funds In ETA Read More »
Under LOI and selling your business? Here’s how to share your QuickBooks Desktop or QuickBooks Online file with a buyer so due diligence moves faster and more smoothly for both sides.
How to Share your QuickBooks File with a Buyer Read More »
Use our DSCR calculator to see whether a deal can cover its debt. Learn what debt-service coverage ratio means, how SBA 7(a) lenders use it, and what counts as a good DSCR.
DSCR Calculator And Guide For Acquisition Entrepreneurs Read More »
What a Quality of Earnings report is, what it covers, and why buyers need one. Learn how normalized EBITDA is built and how to read the adjustments before you close.
What Is A Quality Of Earnings Report? Read More »
