E149: Bill Snow: Author, Mid-Market Investment Banker and Mergers and Acquisitions Expert

Understanding financial statements and being proficient in math and accounting are essential skills for success in mergers and acquisitions.

The cash flow statement is a crucial tool for evaluating a company's financial health and understanding the nature of its profits and expenses.

Businesses often have cyclical patterns, and it is important to consider these cycles when evaluating a company for acquisition.

Working capital and cash reserves play a significant role in determining the value of a company and should be carefully analyzed during the M&A process.

The microeconomic factors of a company, such as its growth, profitability, and management team, have a more significant impact on its value than the overall state of the economy.