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Growing a Business

Tips for buying another business

tips for buying another 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…

How to thrive when others fail

How to thrive when others fail

A recent article in the Calgary Herald outlined some of the frustrations and challenges affecting business owners in the city’s various destination districts.  According to the article, destination districts in Calgary have increasing vacancy rates.  The article surmises that business closures are the result of a variety of factors including a weak Canadian dollar, the…

How to build a high performing business

How to build a high performing business

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…

Plan to grow your business

Plan to grow your business

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. …

How to buy a commercial property for your business

How to buy a commercial property for your business

For some business owners, buying a commercial property is a sound financial decision.  Owning the space where the business operates provides flexibility in terms of ensuring the space meets the current and future needs of the business.  It can help business owners build equity and removes the risk of rent increases or unexpected lease terminations. …

Ways to keep your business growing

Ways to keep your business growing

To help ensure the long-term success of a business, it is important to keep growing the business. A static business plan that fails to adjust to trends or market conditions will result in a business that lacks resiliency and longevity. There are 7 steps that business owners can take to help keep their business growing….