5 Common Mistakes When Selling Your Business

Selling your business to an external buyer can be a complex process, and any mistakes made throughout the process can easily jeopardize a successful sale. These are 5 of the most common mistakes we see sellers make when attempting to sell their business: 1. Not...
Understanding Financial Statements

Understanding Financial Statements

Financial management is one of the top three internal deficiencies that can lead a business to bankruptcy, according to Statistics Canada.  Become familiar with your financial statements and ratios and they will provide insight into the health of your business and aid...
What is Goodwill?

What is Goodwill?

If you are thinking about buying a business, it is likely that you have heard the term “Goodwill” used often, but may be wondering what exactly it is and how it will impact your business purchase. When buying a business, you typically pay a set amount for the entire...
Six Ways to Exit Your Business

Six Ways to Exit Your Business

As a business owner, it is important to prepare well in advance for your exit from the business. One of the most important decisions you will make during the exit planning process is how you will exit your business. No matter which way you choose to exit the business,...
Due Diligence Checklist

Due Diligence Checklist

When selling your business, the due diligence stage allows a potential buyer and their advisors to thoroughly analyze your business. At this point in the sale process, the buyer will likely request a range of documents and information relating to areas such as the...