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	<title>Businesses for Sale - The Business Place &#187; what questions should you ask?</title>
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		<title>When buying a business &#8211; what questions should you ask? &#8211; Part IV</title>
		<link>http://blog.thebusinessplace.com/what-questions-should-you-ask/when-buying-a-business-what-questions-should-you-ask-part-iv/</link>
		<comments>http://blog.thebusinessplace.com/what-questions-should-you-ask/when-buying-a-business-what-questions-should-you-ask-part-iv/#comments</comments>
		<pubDate>Fri, 07 Nov 2008 14:02:25 +0000</pubDate>
		<dc:creator>Gary Landa</dc:creator>
				<category><![CDATA[what questions should you ask?]]></category>

		<guid isPermaLink="false">http://blog.thebusinessplace.com/?p=59</guid>
		<description><![CDATA[If the seller of the business uses a bookkeeper to prepare the financial statements, are these as good as one provided by a CA or CPA?  If there is a notice to reader opinion, should you rely on these?  If the accountant prepared a review engagement report or audit, are you allowed to rely on [...]]]></description>
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		<title>When buying a business &#8211; what questions should you ask? &#8211; Part III</title>
		<link>http://blog.thebusinessplace.com/what-questions-should-you-ask/when-buying-a-business-what-questions-should-you-ask-part-iii/</link>
		<comments>http://blog.thebusinessplace.com/what-questions-should-you-ask/when-buying-a-business-what-questions-should-you-ask-part-iii/#comments</comments>
		<pubDate>Thu, 06 Nov 2008 12:22:14 +0000</pubDate>
		<dc:creator>Gary Landa</dc:creator>
				<category><![CDATA[what questions should you ask?]]></category>

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		<description><![CDATA[Look at the type of expenses which are incurred by the owner.  Did the owner get value for their money or were they just wasting their money?
I saw a case where the company spent $80,000 on advertising.  The revenue was 100% contracts which were tendered bids.  As a result, the entire advertising budget was ineffective [...]]]></description>
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		<title>When buying a business &#8211; what questions should you ask? &#8211; Part II</title>
		<link>http://blog.thebusinessplace.com/what-questions-should-you-ask/when-buying-a-business-what-questions-should-you-ask-part-ii/</link>
		<comments>http://blog.thebusinessplace.com/what-questions-should-you-ask/when-buying-a-business-what-questions-should-you-ask-part-ii/#comments</comments>
		<pubDate>Wed, 05 Nov 2008 14:48:03 +0000</pubDate>
		<dc:creator>Gary Landa</dc:creator>
				<category><![CDATA[what questions should you ask?]]></category>

		<guid isPermaLink="false">http://blog.thebusinessplace.com/?p=57</guid>
		<description><![CDATA[Review of the external financial statements is very important and previous blog articles discussed the different types of financial statements prepared by accountants.  Do not discard the importance of Internal financial statements, they can tell you if the revenue is seasonal or if the profits are earned throughout the year. 
Check to see if the sales [...]]]></description>
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		<title>When buying a business &#8211; what questions should you ask? &#8211; Part I</title>
		<link>http://blog.thebusinessplace.com/what-questions-should-you-ask/when-buying-a-business-what-questions-should-you-ask-part-i/</link>
		<comments>http://blog.thebusinessplace.com/what-questions-should-you-ask/when-buying-a-business-what-questions-should-you-ask-part-i/#comments</comments>
		<pubDate>Tue, 04 Nov 2008 14:20:33 +0000</pubDate>
		<dc:creator>Gary Landa</dc:creator>
				<category><![CDATA[what questions should you ask?]]></category>

		<guid isPermaLink="false">http://blog.thebusinessplace.com/?p=56</guid>
		<description><![CDATA[Why is the owners selling the business? Does his/her explanation make sense or does it raise a red flag indicating that there could be problems with the business?
Did you look at the last three years of external financial statements or were you only shown internally prepared financial statements?  You should always use the external financial statements [...]]]></description>
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