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franchise

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…

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…

A business owner’s guide to franchises

A business owner's guide to franchises

For many Canadian business owners, a franchise opportunity can be a viable way to build a business empire.  Franchises offer owners the opportunity to step into a business that has a proven business concept and a framework in place.  With branding, policies, and procedures already established, a franchise allows owners more time to work on…

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…

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…

2015 Overview

2015 overview

As 2015 draws to a close, it is a good time to take a look at the consistent trends that I saw while helping people to buy and sell businesses in Calgary this year.  While the oil industry and major elections dominated the news, plenty was happening behind the scenes with small to medium sized…