Tips, Tricks, and Valuable Information
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…
Business owners invest a great deal of time, effort, and money into their business. As a result of that investment, many owners overestimate the true market value of the business. This can lead to disappointment when the owner has the business evaluated by a Certified Business Intermediary or if they try to sell the business…
Many family-owned businesses assume they already have a succession plan in place since ownership is typically passed along to relatives. That assumption simply isn’t good enough. In fact, a well-considered and documented succession plan is critical for family-owned businesses. A succession plan helps the eventual transfer of ownership to go smoothly and offers additional benefits…