Now that the "easy-credit" party has presumably ended, there will likely be extraordinary opportunities for entrepreneurs to buy distressed businesses at bargain prices. Buying a distressed business, however, is tricky stuff and raises a host of significant risks.

Business sellers should be prepared for the multitude of different deal structures that they should expect from various buyers. This article will discuss some of the selling company characteristics that directly effect both the selling price and the terms.

Developing a budget for your business on an annual basis allows you to review its overall operations. Budgeting also permits you to identify those factors that are key to the success of your organization. These factors can be monitored closely throughout the year and adjustments can be made for critical elements.