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Negotiate better terms with suppliers and service providers to lower your expenses. Consider various financing options, such as lines of credit, business loans, or venture capital, depending on your business needs. Provide access to resources such as online courses, workshops, and seminars.
Despite initial interest and negotiations, Parker discovered that the business was a "house of cards" with significant issues of commingling and inaccurate bookkeeping. While it may seem reasonable to add back depreciation, buyers need to consider future capital expenditures. For instance, they mention depreciation as a common ad back.
Examples include: Online courses and MOOCs (Massive Open Online Courses) Professional certifications and exams In-person workshops and seminars 5. Receiving a portion of the payment before starting work helps maintain sufficient working capital to cover initial expenses.
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