Buying a Business: Inventory

Unlike cash, inventory is almost always sold with an active business. However, just because it is included in the sale doesn’t mean it is included in the price. A price for a business is typically stated "$x plus inventory" This is usually done...

Buying a Business: Financial Ratios

While analyzing the balance sheet and the income statement, sales and operating ratios should be calculated in order to point out areas requiring further study. Ratios provide insight into profitability, liquidity, efficiency, and leverage ability. Profit ratios such...

Buying a Business: Personnel

In many cases when you purchase a business, it includes payroll with employees that will now be working for you. You will need to familiarize yourself with the organizational culture and structure. Some key questions include:  What are the job responsibilities, rates...

Selling a business: What do you want to do next?

Once you’ve figured out you want to sell your business and you have planned your exit strategy, the final step is up to you: what do you want to do next? Some people dream of retiring to a warmer climate, and after our long winter here in Manitoba, who can blame...