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small business

5 reasons a motel can be a great business venture

5 reasons a motel can be a great business venture

Purchasing a motel can be an excellent business venture for individuals or a group of investors.  The accommodation industry in Canada, including the western provinces, provides owners with a flexible business that can be grown, diversified, and adjusted relatively easily in response to changing market conditions.  Below are five reasons that motels are a viable…

How to steer your business away from the wrong buyer

ow to steer your business away from the wrong buyer

There are many moving parts when it comes to selling a business.  One of the most time consuming and frustrating aspects of selling is finding the right buyer.  When business owners try to sell their business independently, the buyer qualification process often takes up an unreasonable amount of time and rarely results in a qualified…

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…

How to build a business you can sell

How to sell your business Alberta British Columbia Calgary Kelowna

One of the smartest things a business owner can do is build a business with the goal of planning to sell it.  It doesn’t matter if you plan on selling in three years or thirty years.  Ensuring that your business appeals to potential buyers will bring you success in the present and when it comes…

Plan to grow your business

Plan to grow your business

Successful business owners know that a good business plan provides a foundation upon which they can build.  There is an additional document small business owners should draft that can help them grow even more.  A business growth plan is often overlooked and undervalued but this document can help catapult a business to the next level. …

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…

Family-owned businesses need a succession plan

Family-owned businesses need a succession plan

Many family-owned businesses assume they already have a succession plan in place since ownership is typically passed along to relatives. That assumption simply isn’t good enough. In fact, a well-considered and documented succession plan is critical for family-owned businesses. A succession plan helps the eventual transfer of ownership to go smoothly and offers additional benefits…