Buying a Small Business – Points to Consider

As a consultant, Ashu Bhandari has advised numerous clients in the purchase of local small businesses. Community minded, Ashu Bhandari offers these and all other consultancy services free of charge.

Before buying a small business, an investor should first understand the value inherent in the purchase. The buyer may be intending to operate the business, sell it, or liquidate its assets. Buyers who are planning to liquidate can more easily assess the value of the business’ physical assets, but those who would like to operate the business or sell it have a more difficult task at hand, as these buyers need to know how much revenue the company generates and if it turns a profit. Buyers who intend to operate the business should use this information to assess whether the purchase can provide them with acceptable compensation while also earning an additional profit.

Experts also suggest that buyers approach brokers or other professionals for advice. Outside consultants can help a buyer identify potential risk and advise on how to structure an arrangement to mitigate that risk. After performing additional due diligence, a buyer can approach the seller with proposed financing terms and purchase contingencies.

Services at INSIGHT Psychological Services

An accomplished executive now retired and serving as a part-time consultant, Ashu Bhandari performs all of his consulting work pro bono. One of the local businesses Ashu Bhandari has assisted is INSIGHT Psychological Services.

At INSIGHT Psychological Services, founder Dr. Lori Thompson and her staff offer a variety of mental health diagnostic and treatment services. The office provides individual, couples, and family therapies as well as group therapy for individuals of particular needs.

INSIGHT Psychological Services’ group therapy includes a stress management group for women, a six-week sleep disturbances program, and an eight-week parenting course based on the 1-2-3-Magic discipline system. For young people, the practice offers a social skills development group for children ages eight to 11 and a life skills group for youths of 12 to 14 years. Girls’ and boys’ groups are also available for older teenagers, while a substance-abuse support group helps adolescents with drug and alcohol challenges. In addition, families are welcome to take advantage of INSIGHT’s learning disability and ADHD testing as well as its social, emotional, and developmental assessments.