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Financing options for your small business

Finance Options for you Small Business

Most business owners are aware of the three most common financing options: personal assets, investors, and bank lending. In addition to these types of financing, there are a few more that can be helpful when purchasing or growing a business. Business owners are sometimes able to access financing from provincial and federal governments. This financing…

5 benefits of attending a professional conference

5 Benefits of attending a professional conference

I recently attended the annual fall conference hosted by the International Business Brokers Association (IBBA). Prior to attending the conference, I had spent a great deal of time debating the merits of this event. It wasn’t long after I arrived at the conference that I realized this investment of time would be immeasurable to the…

Answers to questions from business sellers

Answers to questions from business sellers

When they decide to sell their business, most Calgary business owners have more questions than they do answers. Selling a business involves many technicalities and moving parts. Having a trusted advisor, like a Certified Business Intermediary (CBI), is the best way to get accurate answers to questions about selling a business. Here are answers to…

What business owners should do before they are forced to close their doors

Forced to close doors blog post

Earlier this month, I saw two articles from Calgary news outlets that discussed a concerning trend affecting many small to mid-sized Calgary businesses. Both the Calgary Herald and CBC reported that some Calgary businesses were closing with little to no notice. It is always tough to read about a business shutting down knowing how much…

Find out why businesses don’t sell and what you can do about it

Why businesses don't sell

Successfully selling their business is one of the most difficult things a business owner can face. Without expert help, the process can be complicated, time-consuming, and frustrating. By understanding and addressing the most common reasons that businesses don’t sell, qualified business brokers are able to make this process easier and more successful. Below are the…

Why confidentiality agreements are important for Buyers and Sellers

Confidentiality agreements

A signed confidentiality agreement is an integral part of a business sale, for the Buyer and the Seller.  This important document allows Sellers to share financial and proprietary business information without fear of misuse.  It provides Buyers with the information they need to make an informed purchasing decision. A confidentiality agreement is a legal agreement…

How to get serious about buying a business

How to get serious about buying a business

Wanting to buy a business and being ready to buy a business are two very different things.  As a Western Canada business broker, I meet many talented and motivated people interested in buying a business.  They are driven. . . but are they ready? Here are four things every buyer should do when they are…