Top five must-reads this week in the world of SMB acquisitions and operations
Benchmarks alone mislead—use normalized NWC, TTM averages and the cash-conversion cycle (DSO/DIO/DPO) to set acquisition working-capital pegs.
Earnouts change tax timing—classify payments, compute temporary differences, and track deferred-tax roll-forwards to avoid surprises.
Map approvals, test risks, set closing conditions, and integrate controls to manage cross-border M&A compliance.
How SBA 7(a)/504 financing affects buyer capacity for construction firms - price by earnings, risks, and lender coverage, not loan limits.
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