Working capital comes up in nearly every deal, and most buyers do not understand it until they are already in diligence. @redacted‌ and I will cover what working capital is and why the mechanism exists, how to set a target, why monthly working capital swings far more than buyers expect in seasonal and lumpy businesses, how to structure a peg and a two-way true-up that protects you at close, and how to handle the harder accounts: deferred revenue, work in progress, and businesses that run negative working capital by design. Getting this wrong means overpaying at close or walking into a cash shortage on day one. Sometimes both. Free to attend, live only. Sessions are not posted publicly. LIVE—Denver runs October 21 to 23. Three days in person with me, Adam, and the SMBootcamp Deal Team, working through the acquisition process with your own search. Applications close October 7. Details redacted