There's seldom been as good a market for small businesses.
Economic conditions are also great for running a company.
Nottonson, a consultant based in Boulder, Colo., has been advising on small-business and franchise sales and purchases since 1986. He has owned a TV production company, an ad agency, and a law practice, and run other businesses, including a nightclub. Here's an edited transcript of their conversation. A. Most businesses are not bought and sold for cash. But most buyers are still going to need money to pay off the seller.