business broker
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…
Business owners are extremely business savvy but that doesn’t mean they should try to sell their own business. Many assume they are the best person to market their business because they know it inside out. This couldn’t be further from the truth. In order to sell a business successfully, business owners should assemble a qualified…
There are countless resources available that help small business owners start and grow their business. There are a few resources that give some tips and advice on how owners can sell their business but these are scarce and not usually comprehensive. In fact, it is that lack of resources that prompted me down the path…
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 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…
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…
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…