047: Financial, legal and HR traps of buying and selling small businesses, Chris Ray & Chariss Tatman of C2 Group

Product Startup · 4 Apr 2017 · 46m

What this episode covers

Chris Ray and Chariss Tatman of C2 Group discuss the financial, legal, and HR traps small business owners face when seeking outside investment or preparing for a sale. They highlight critical accounting errors, such as misclassifying recurring expenses as one-off items and failing to account for the shelf life of perishable inventory, which can drastically reduce valuation. The guests also emphasize the importance of rigorous HR documentation to mitigate liability and the necessity of finding investors who offer strategic value beyond capital, rather than just writing a check.

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