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The time period directly after buying a business and closing the deal is vital to completing a successful merger. Employees and customers will be wary of a new manager. This is the key time to win them over.
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Banks are continuing to be restrictive in doing cash flow loans and it can be difficult for even larger business buyers to fund a business acquisition. Accordingly, seller financing has become quite prevalent in recent years.
There are two types of goodwill in the business world—personal and commercial. The main difference between the two is that one type of goodwill is associated with the business owner rather than the company as a whole.
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