The Business Broker Process
Date posted: November 6, 2017
Selling your business with a Business Broker gets your business sold in less time, with less stress and for more money. Understanding the sales process helps both the Seller and the Buyer. Each party will have responsibilities. With a Business Broker, these are clearly mapped out. In Step 1, the Business Broker will identify, […]
Finding the Best Source of Financing
Date posted: October 30, 2017
Buying a business has many components and follows a specific process. One crucial component is establishing the necessary financing to accomplish the transaction. Determining your lending capacity early on is equally important to you, the Buyer and to the Seller. Since many deals require the Seller to finance a portion of the sale as a […]
Looking at Buying a Business?
Date posted: October 16, 2017
Buying an established business has many advantages but is not without risk. You will need to know the advantages and disadvantages of buying an existing business and know your strengths and weaknesses as a business owner. Advantages of buying a business Buying a business is generally less risky than starting your own business. You can […]
Buying a Business – Prepare for the Journey of a Lifetime
Date posted: May 16, 2017
Did you know 90% of buyers never end up buying a business. This is a a staggering statistic, especially considering 50% of Canadians want to own and operate their own business one day. Why is it so few ever do? If you are a first-time buyer who has never owned a business before, the process […]
What is a Business Broker?
Date posted: March 31, 2017
Have you ever wondered what is a Business Broker exactly? What do they do? Who are they accountable to? Here is a Business Broker defined by the International Business Brokers Association (IBBA): “A Business Broker is an intermediary dedicated to serving clients and customers who desire to sell or acquire businesses. A business broker is […]
Tangible and Intangible Assets Defined
Date posted: January 26, 2017
When examining the value of assets in a business, there are two types. Tangible Assets Intangible Assets Assigning a value to Tangible Assets is relatively simple. These are physical assets you can see and feel. Finding the re-sale value of tangible assets can be researched online. They are also easy to identify on the Balance […]