Learn about the costly mistake business owners are making (and how working with a business broker can help recoup some of those losses)
When times are tough, business owners start to cut back on expenses. This can effectively save money and bridge the gap between incoming and outgoing cash flow. But, there is a right way and a wrong way to save money. When owners do it the...
Borrowing money can be a great business move (as long as you do it right)
Business owners sometimes shy away from borrowing money; a loan is considered a burden instead of an opportunity. When leveraged correctly, a loan can help propel your business towards success. The predominant mistaken assumption is that loans are only...
Exit planning is critical to business success
Many business owners do not have an accurate idea of what exit planning is and why it is an important part of business success today and in the future. Many believe it is merely one small phase of their business experience that they only need to think about when...
5 Reasons a motel can be a great business venture
Purchasing a motel can be an excellent business venture for individuals or a group of investors. The accommodation industry in Canada, including the western provinces, provides owners with a flexible business that can be grown, diversified, and adjusted...
3 mistakes that prevent businesses from selling
Even the best businesses can struggle when it comes time to sell. There are three common mistakes many business owners make that can prevent their business from selling. Understanding and avoiding these mistakes will help make your business for sale...
Why every business for sale needs a business broker
Business owners have skills and experience in various facets of running a business. As the experts in their business, many think they can handle everything involved in selling the business. To put it simply, they can’t. Hands down, the best thing an...
Flexible payment plans help close the deal
Each year, different trends and circumstances influence business for sale transactions. For example, in some years it is supply and demand. It might be new technologies or the overall health of the economy. Since the onset of COVID-19, one trend that...
Understanding goodwill and how it affects your business
Goodwill is one factor that contributes to the overall value of your business. It is considered an intangible asset which means you can’t touch it, like a product or piece of equipment. Even though it is intangible, goodwill impacts the selling price of a...
How one owner grew and sold her business during the pandemic
One of the first things I always tell business owners who are getting ready to sell is that the process typically takes more than 6 months. What I never had to talk about before March 2020 was the impact a global pandemic will have when selling a business....