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entrepreneur

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…

5 benefits of owning a franchise

5 Benefits of Owning a Franchise

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…

5 benefits of attending a professional conference

5 Benefits of attending a professional conference

I recently attended the annual fall conference hosted by the International Business Brokers Association (IBBA). Prior to attending the conference, I had spent a great deal of time debating the merits of this event. It wasn’t long after I arrived at the conference that I realized this investment of time would be immeasurable to the…

How to get serious about buying a business

How to get serious about buying a business

Wanting to buy a business and being ready to buy a business are two very different things.  As a Western Canada business broker, I meet many talented and motivated people interested in buying a business.  They are driven. . . but are they ready? Here are four things every buyer should do when they are…

Do you have what it takes to succeed in business?

Do you have what it takes to succeed in business?

The one trait the majority of all millionaires have in common is that they owned their own business or had a real estate portfolio. Failure rates are high for new businesses with over half of them out of business within five years. Here are the skill sets that successful business owners say are critical to…