Herring CPA's & Consultants / More Than Money
Date: 08-31-11
Topic: Starting A Business

What are the most important things to consider when starting or buying a business?

First, the business should match your skills, capabilities and knowledge. Then perform due diligence to
verify information provided.

Document current market conditions and competition. Identify existing clients and suppliers.

Prepare a budget to project cash flow. It must be enough to pay a salary to the owner and provide a
return on invested capital.

And finally, have your attorney put everything in writing.