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Certified Business Intermediary

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…

3 mistakes that prevent businesses from selling

3 mistakes that prevent businesses from selling

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…

Why every business for sale needs a business broker

Why every business for sale needs a business broker

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…

How to sell a business in Western Canada

How to sell your business in Western Canada

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…

Don’t let excuses stop you from planning your exit strategy

Exit Strategy Planning

Most business owners have a business plan, marketing strategy, and an up to date financial statement.  Many business owners do not have one of the most important and most overlooked documents:  an exit strategy. A business exit strategy outlines the owner’s succession plan for their business.  Examples of different exit strategies include selling, closing, leaving…

Price your business to sell

Price your business to SELL

The market in western Canada is flooded with businesses for sale.  Many of these businesses will never sell for one simple reason:  they are overpriced.  Pricing a business can be one of the most challenging aspects of the selling process.  Many Sellers overvalue their business and set an asking price that is too high.  An…

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….