Most of the people who come to us to buy a business are first-time buyers. And likewise, most of the business owners who contact us about selling their business have never gone through the process before. Buying or selling, there’s a lot for them to absorb. And while we do our best to guide them each step of the way, the subject matter can be a bit daunting for those unused to the terms that come up as we help them get to their goal line.
We’ve pulled together the following "dictionary" with commonly used terms applied in buying or selling a business. And as a further reference, we’ve tied most of them back to blogs posts where they appear in context.