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When would you pay for “goodwill” and “potential”?

When would you pay for “goodwill” and “potential”?

by Michael Best | Jun 9, 2026 | Blog posts and book excerpts

Let’s say that you’ve been offered the opportunity to purchase a small business as a going concern – a turnkey operation – and the asking price is $1 million. It’s apparent to you that the net tangible assets value – that is, the...
Caesar’s cost-saving lesson – don’t be a paperwork slob.

Caesar’s cost-saving lesson – don’t be a paperwork slob.

by Michael Best | Jun 8, 2026 | Blog posts and book excerpts

Regardless of the size of your small business, if you use an accountant for financial recordkeeping and tax return preparation, make sure the paperwork you hand over is complete and orderly. Find out how your accountant prefers to receive your material and comply with...
Who’s your fishing friend?

Who’s your fishing friend?

by Michael Best | Jun 7, 2026 | Blog posts and book excerpts

Here’s the one thing I wish someone had told me when I started my business: take a day off. Like, an actual day off. Every week. Put it in the calendar, guard it like it’s a client meeting, and actually show up for it. That’s what I call the...

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  • When would you pay for “goodwill” and “potential”?
  • Caesar’s cost-saving lesson – don’t be a paperwork slob.
  • Who’s your fishing friend?
  • Gaining regime change insight while valuing a privately-owned business in the Shah’s Iran
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