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...
Financial Statements – Selling Your Business
Financial management is one of the top three internal deficiencies that can lead a business to bankruptcy, according to Statistics Canada. Learning how to understand financial statements and ratios and they will provide insight into the health of your business and...
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...
6 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
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...