One of the aspects of selling a business that surprises almost all owners is how long the process takes. On average, it takes nine months for a business to sell and only a small percentage of businesses are successfully sold. Many business owners assume the process will be much shorter and often underestimate the amount…
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 transaction much more successful. Underestimating how long it takes to sell a business Many business…
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 owner can do for their business is to enlist a qualified business broker…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.