Business Buying Strategies From The Dealmaker's Academy

It’s the nerve center of a business – the books are critical to a company’s financial health and prosperity. But how do you know how your business will perform when it comes time to buy another? In this episode, we talk to Johan Goree, the managing director of on-point accounting firm. He shares his tips on what to look at when presented with a set of accounts and more accounting insights for potential business buyers. Johann also shares some words of advice to those interested in purchasing their businesses and haven’t owing to some fears.  Key Highlights [00:14] What Johan does in his accounting firm [02:14] Top three things that Johan looks at when presented with a set of accounts [06:06] How to deal with vendors of businesses who don't have up-to-date information and blame it on accountants [10:36] Acquisitions done by Johan [13:54] How to deal with business owners who say they have fixed assets of a certain value, they've got stock of a certain value, and they want 100% of that value [18:20] Johan’s take