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BLUELevel 3

1Why Seller Financing Can Make or Break a Business Acquisition 2Why Valuing a Business Isn't the Same as Valuing Its Assets 3Why EBITDA Is the Common Language of Business Valuation 4Why an Asset Purchase and a Stock Purchase Are Fundamentally Different Deals 5Why Goodwill Represents What You Can't Touch 6Why a Letter of Intent Isn't a Binding Purchase Agreement 7Why Due Diligence Exists to Find What the Seller Didn't Tell You 8Why an Earnout Ties Part of the Price to Future Performance 9Why a Non-Compete Clause Protects the Value You're Actually Buying 10Why SBA Loans Exist to Bridge a Financing Gap for Small Business Buyers 11Why Personal Guarantees Follow Small Business Loans Almost Everywhere 12Why Working Capital Needs Don't Disappear on Closing Day 13Why Cash Flow and Profit Are Not the Same Number 14Why the Cash Conversion Cycle Reveals a Business's Real Liquidity Needs 15Why Break-Even Analysis Is the First Real Test of a Business Plan 16Why Gross Margin Tells You More Than Revenue Alone 17Why Unit Economics Decide Whether Growth Helps or Hurts You 18Why Customer Acquisition Cost and Lifetime Value Have to Be Compared Together 19Why Burn Rate and Runway Determine How Much Time You Actually Have 20Why Bootstrapping and Raising Capital Are Different Bets on Control 21Why Equity Financing Costs More Than Debt in the Long Run (If the Business Succeeds)22Why a Cap Table Tracks More Than Just Who Owns What 23Why Vesting Schedules Protect a Company From an Early Departure 24Why Dilution Is the Price of Raising Outside Capital 25Why a Term Sheet Sets the Terms Before the Real Contract Is Written 26Why Angel Investors and VCs Want Fundamentally Different Things 27Why Revenue-Based Financing Splits the Difference Between Debt and Equity 28Why Crowdfunding Is a Marketing Test as Much as a Financing Tool 29Why Invoice Factoring Turns Receivables Into Immediate Cash (At a Cost)30Why a Merchant Cash Advance Can Be the Most Expensive Financing Option 31Why Franchise Financing Comes With Its Own Set of Rules 32Why a Franchise Disclosure Document Exists Before You Sign Anything 33Why TAM, SAM, and SOM Aren't the Same Number 34Why an MVP Exists to Test Assumptions, Not to Impress Investors 35Why Knowing When to Pivot Is a Financial Decision, Not Just a Strategic One 36Why Intellectual Property Protection Is Part of a Business's Real Value 37Why Business Credit and Personal Credit Are Legally Separate (Until They Aren't)38Why a Partnership Buy-Sell Agreement Should Exist Before You Need It 39Why Key Person Insurance Protects a Business From Losing Its Most Critical Asset 40Why Business Insurance Is a Form of Risk Transfer, Not an Expense to Cut First 41Why Contract Essentials Matter More Than a Handshake Deal 42Why an ESOP Turns Employees Into Owners (and Why That's Not Automatic)43Why Succession Planning Determines What Happens to a Business Without You 44Why an Acquisition and an IPO Are Two Very Different Exit Paths 45Why Valuation Multiples Vary Wildly Between Industries 46Why Recurring Revenue Commands a Premium in Business Valuation 47Why a Business's Dependence on One Customer Is a Red Flag in Any Sale 48Why Post-Acquisition Integration Determines Whether a Deal Actually Pays Off 49Why Every Financing Decision in This Track Should Tie Back to Control and Runway 50Why Mastering Business Finance Means Knowing Which Growth Is Worth Financing

Curriculum/Business/Level 3/Why a Term Sheet Sets the Terms Before the Real Contract Is Written

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BLUE-L3-025 — Why a Term Sheet Sets the Terms Before the Real Contract Is Written | Edunancial | Edunancial