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Day 2: Business Brokerage Process and Industry Insights


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Business Brokerage Glossary

FIFO

The first-in, first-out method of inventory valuation, which assumes that the goods that enter inventory first are the first to be sold.

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Tip of the Day

Know Your Limits

A recurring line in one of Clint Eastwood’s Dirty Harry movies was: “A man’s just got to know his limitations.” This is also true for business brokers. You should know your skill level, degree of knowledge and abilities and always work within your limitations.
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