Investigating Entrepreneurial Opportunities: A Practical Guide for Due Diligence »

Opening your own business is a risky proposition. Personal funds, time, energy, and opportunities are invested in owning and operating a business. Under the best of circumstances, the chance of failure is high. Under adverse business conditions, failure is nearly certain.

The best control for risk is to recognize and avoid bad purchase decisions through the process of due diligence. Due diligence comprises conducting an investigation to determine the full implications of making the acquisition of a business. During the process of due diligence every aspect of the business is examined in exacting detail. Nothing is taken for granted.

Investigating Entrepreneurial Opportunities explains the process with simple, easy-to-follow steps. The authors -- both CPAs who have bought and sold several businesses -- reveal creative and low cost ways to do your own due diligence in investigating entrepreneurial opportunities. Sixteen comprehensive chapters cover all the basics, including market, products, insurance, facilities, assets, short and long-term liabilities, and much more. You'll learn insider tips on how to uncover hidden assets and unrecorded liabilities and how to avoid legal troubles.

The handy reminder checklists at the end of Investigating Entrepreneurial Opportunities are alone worth the price of the book!

This incredibly street smart book belongs in the hands of anyone who is considering acquiring or starting a business.

Defining the Enterprise

Defining the Product

Investigating the Market for the Product

Investigating Product Costs of Manufactured Goods

Investigating Purchased Items

Facility Concerns

Insurance for the Business

Valuation of Short-Term Assets

Valuation of Long-Term Assets

Intangible Assets

Short-Term Liabilities

Long-Term Liabilities

Contingent Liabilities and Pending Litigation

Owner Discretionary Spending

Placing a Value on the Business