I am tempted to say “in the beginning” … However, some context is useful. Fundamentally there are three forms of business entities. A Sole Proprietor(ship), a Partnership, and lastly Corporation. I suspect they were developed in that order. Everything else stems from those three forms. In determining which form is good […]
What is the best business? What business should I buy? How do I decide which business is right for me? These are all great questions and while there are many things you can take & should take into account; I like to answer it this way: What problems to do you […]
Normalizing earnings allows one to both compare earning both year over year and against other companies. There are several terms that we use to represent this normalized earnings number. They included SDE (Seller Discretionary Earnings), SDI (Seller Discretionary Income), Adjusted EBITDA, Adjusted Net, or (my favorite) Owner Benefit. While conceptional simple, […]