April 17, 2024

Take Five #102: 4 budgeting methods + their pros and cons, and more

Take Five #102: 4 budgeting methods + their pros and cons, and more

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Take Five #102: 4 budgeting methods + their pros and cons, and more

1. Podcast Interview: HR due diligence, how it works, and how it can ease the post-acquisition transition

In this episode, we hear Mark Sinatra, the CEO of Aspen HR, unravel the complexities of HR due diligence and its undeniable impact on successful acquisitions.

Some Topics Discussed Include:

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The importance of HR diligence before acquisition, including compliance risks, benefits evaluation, and streamlining HR processes.

-Post-Acquisition HR Professionalization: Strategies for entrepreneurs to professionalize HR functions, understand employee roles, and the significance of job titles and descriptions.

-Enhancing Employee Benefits which are many times nonexistent in small businesses.

Listen to the Unpolished MBA interview here.

2. Setting aside funds for unexpected improvement expenses after the sale

3. Sellers’ unfiled tax returns can hold up SBA loan closings

4. 4 budgeting methods + their pros and cons

5. SMB retailer reflects on mistakes and experiences in buying and operating a brick-and-mortar store (two posts in one)

Loved what you read? Subscribe to Take Five to get our top quick reads every week from the team at Kumo. Kumo aggregates thousands of sources into one easy-to-use platform so that you can spend less time sourcing, and more time closing deals.