Here is a video from Forbes.com showing an excerpt of Steve Forbes's interview with Esther Dyson. She discusses the role of angel investors in helping small businesses, including the rewards of being an angel investor and some of the things an investor should be concerned about when deciding when and how to invest. You ...
Category Archives: Buying a Business
Buying a Business in Texas Step #2: Due Diligence
For anyone making a significant investment in a business, the due diligence process is key. This allows the buyer to thoroughly evaluate the company and make sure that he or she has a clear picture of the business. The goal is to make sure that after the buyer takes ownership he or she is not presented with any surprises that had the buyer known before, would have affected the valuation of the business or even the very decision to purchase it.
Buying a Business in Texas Step #1: The Letter of Intent
Before you can begin the process of purchasing a business one side of the transaction or another will likely seek to have the purchaser issue a Letter of Intent(LOI). The Letter of Intent commonly contains the following terms: a statement of the purchaser’s interest in the business; a statement of the seller’s intent to sell the business; the basic terms and method of the transaction; an exclusivity clause; a confidentiality clause; and a closing date.
Buying a Business in Texas
Purchasing a small business can be easy, straight forward, and simple; or it can become extremely complex. Each situation is different but I’m going to attempt to describe the basic process. In more informal purchases some of these steps might be skipped. In more formal purchases there might be other steps added to the process. But this series of posts should give you a basic idea.
Category Archives: Buying a Business
Buying a Business in Texas Step #2: Due Diligence
For anyone making a significant investment in a business, the due diligence process is key. This allows the buyer to thoroughly evaluate the company and make sure that he or she has a clear picture of the business. The goal is to make sure that after the buyer takes ownership he or she is not presented with any surprises that had the buyer known before, would have affected the valuation of the business or even the very decision to purchase it.
Buying a Business in Texas Step #1: The Letter of Intent
Before you can begin the process of purchasing a business one side of the transaction or another will likely seek to have the purchaser issue a Letter of Intent(LOI). The Letter of Intent commonly contains the following terms: a statement of the purchaser’s interest in the business; a statement of the seller’s intent to sell the business; the basic terms and method of the transaction; an exclusivity clause; a confidentiality clause; and a closing date.
Buying a Business in Texas
Purchasing a small business can be easy, straight forward, and simple; or it can become extremely complex. Each situation is different but I’m going to attempt to describe the basic process. In more informal purchases some of these steps might be skipped. In more formal purchases there might be other steps added to the process. But this series of posts should give you a basic idea.