Summary of Day 3: Business Structure, Intro to Accounting, Basic Financial Statements

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Day 3: Business Structure, Intro to Accounting, Basic Financial Statements

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Business Brokerage Glossary

Proprietor

The owner of an incorporated business.

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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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