Buying a Business
Business owners have many different reasons for wanting to buy another business. Some owners want to grow by acquisition. Other business owners want to diversify. Regardless of the reason, all business owners have the same overall goal which is to increase revenue and strengthen the financial health of their business holdings. Buying an additional business…
As the City of Calgary entered 2018, experts said that the local economy was on the rebound but that there would still be tough times ahead. Small business owners were impacted by various factors such as higher property taxes, increased payroll costs, and escalated cost of goods. While the oil and gas industry continued to…
Increasing profit margins, decreasing expenditures, and expanding service offerings are all ways business owners can work towards increasing the value of their business but these methods can have a ceiling on how much they impact the bottom line. Another way to increase the value of a business is to grow by acquisition. In fact, this…
One of the benefits of buying a franchise is that there is typically an earnings history, either for the overall franchise or for individual locations. Earnings history can help prospective Buyers to better plan their own earnings projections during the first few years of business. This information is helpful for things like securing financing and…
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…
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…
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…
Franchise ownership can be an excellent business model for new and experienced entrepreneurs. Misconceptions and misinformation about owning a franchise often stops business owners from further exploring this viable option. Here are five benefits of owning and operating a franchise in Western Canada. Brand recognition and marketing support It can take years for a new…
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…
There are several different ways that entrepreneurs can be involved in business without having to handle the day to day management of a business. Many entrepreneurs have enjoyed a great deal of success in business through avenues such as being a partner. For someone who is interested in contributing financially to a business but doesn’t…