In this engaging episode of It's the Bottom Line That Matters, hosts Jennifer Glass, Patricia Reszetylo and Daniel McCraine delve into the multifaceted process of seeking and evaluating potential business acquisitions. Drawing from their extensive experience, the hosts share valuable insights and practical advice to guide listeners through the intricate process of acquiring a new business. From assessing the emotional preparedness required to navigate the challenges of the acquisition journey to dissecting the crucial financial aspects such as seller discretionary earnings and intellectual property, Jennifer, Patricia and Daniel provide a comprehensive understanding of the key considerations involved in such a significant business decision.

Throughout their discussion, Jennifer, Patricia and Daniel also explore essential factors such as the importance of aligning the acquired business with one's existing business, the significance of patents and intellectual property in valuation, and the often overlooked aspect of formulating an exit plan. With their wealth of knowledge and real-world examples, the hosts offer a holistic perspective on the intricacies of purchasing a business, empowering listeners with the strategic thinking and clarity necessary to navigate this important aspect of business growth and development.

Keywords: business acquisition, purchasing businesses, buying a home, business broker, SBA backed financing, seller discretionary earnings, software generating, financial picture, growing a business, emotional preparedness, headaches of acquiring a business, business value, intellectual property, relationships, contractual agreements, sales, free cash flow, multiples of valuation, patents, exit plan, small businesses, acquiring criteria, clients, intellectual property, trademarks, copyrights, exit strategy, competitive acquisition, brand acquisition, shelving businesses