8min chapter

Let’s Buy a Business cover image

SMB Financial Basics with Darin Pierson

Let’s Buy a Business

CHAPTER

Mastering Small Business Financials

This chapter explores the complexities of evaluating small business financials, focusing on balance sheet accuracy and the pitfalls of poor bookkeeping practices. It highlights the impact of proper inventory accounting and revenue recognition on financial health, with practical examples to illustrate common errors that can mislead business evaluations.

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