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Selling a Business

One chance to make a great exit

Some say that you only get one chance to make a good first impression.  In business, you get one chance to make a great exit.  Your business exit strategy is an important aspect of business ownership.  If your business experiences a summer slowdown, now is the perfect time to start putting together an exit strategy. …

Is your business ready for a new owner?

Is your business ready for a new owner

One third of small businesses in Canada will change hands in the next three to five years.  Even if you are not planning on selling anytime soon, now is the time to get your business ready for a new owner.  Life happens.  Plans change.  A business that is prepared to sell is more likely to…

How long it really takes to sell a business

How long it really takes to sell a business

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…