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small business

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…

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…

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 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…