There are a few key indicators that separate good businesses from great businesses. A great business will exceed in one or more high-performance indicators and this helps them to grow more quickly, successfully, and sustainably when compared to others in their industry. Building a high performing business can help it to be more profitable and…
Selling a business is a complicated transaction that involves a great number of moving parts. Many people think they can skip out on hiring a lawyer to help with the process and this often proves to be a costly mistake. Selling a business without proper legal expertise can leave a business owner vulnerable to delays…
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 relatively easily in response to changing market conditions. Below are five reasons that motels are a viable…
There are many moving parts when it comes to selling a business. One of the most time consuming and frustrating aspects of selling is finding the right buyer. When business owners try to sell their business independently, the buyer qualification process often takes up an unreasonable amount of time and rarely results in a qualified…
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 they are ready to sell. This…
For many Canadian business owners, a franchise opportunity can be a viable way to build a business empire. Franchises offer owners the opportunity to step into a business that has a proven business concept and a framework in place. With branding, policies, and procedures already established, a franchise allows owners more time to work on…
One of the smartest things a business owner can do is build a business with the goal of planning to sell it. It doesn’t matter if you plan on selling in three years or thirty years. Ensuring that your business appeals to potential buyers will bring you success in the present and when it comes…
Buying a business in Western Canada is a significant investment but it doesn’t have to be hard, scary, or overwhelming. Qualified business brokers can help you choose the best small business for your budget, goals, and lifestyle. Here are 4 tips to help you buy a business in Western Canada. Decide if you want to…
Successful business owners know that a good business plan provides a foundation upon which they can build. There is an additional document small business owners should draft that can help them grow even more. A business growth plan is often overlooked and undervalued but this document can help catapult a business to the next level. …
Selling a business in Western Canada can feel daunting and many business owners are unsure of where to start. Using a qualified business broker can help you successfully sell your business and alleviate a great deal of stress. Here are 4 steps to sell a business in Western Canada. Plan for the sale of your…
Owning a home is a keystone of wealth… both financial affluence and emotional security.