Ask the owner of the business to show you the financial statements and tax returns for the business for the previous five (5) years. This is part of the usual “due diligence” that any purchaser of an ongoing concern should do and that any seller should anticipate. If the owner refuses to provide this information or claims that he or she “can’t find it”, look for a different opportunity.
Jim Koch launched the Boston Beer Company from his kitchen table in 1984. Now, 30 years later, the leader of the craft brewing movement is doing more than $700 million in sales. Here’s what he learned about starting up.
The Coolest -- a cooler that comes equipped with a rechargeable blender for mixed drinks, a smartphone charger and other goodies -- is currently the second most funded project in the crowdfunding site’s history.