Blogs
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The Pros and Cons of your Sale Options
Selling a business is a significant milestone, requiring careful consideration of your goals, values, and the future of your enterprise. There are several routes you can take, each with its own advantages and challenges.
Here, we’ll explore four common options for selling your business: a sale to your management team, a sale to a financial buyer, a sale to a strategic buyer, and an employee ownership trust. Understanding the pros and cons of each can help you choose the right path for your unique situation.
10 signs that the time is right to sell
Selling a business is a monumental decision, not unlike choosing the moment to harvest a ripened crop. Timing is everything. If you pick too early, you might miss out on potential gains; too late, and you could face depreciation in value.
Here are some key factors to consider when deciding the right time to sell your business.
The Elephant in the Room
Let’s address the elephant in the room: One of the primary reasons a business doesn’t sell is… the owner. It’s a topic people tend to avoid, but it’s crucial to acknowledge.
You’re ready to sell your business, but can it run without you? If the answer is no, it’ll be hard to find a buyer. And even if you do, the bids are likely to be low.
Maximizing Sale Price
With careful preparation and strategic foresight, businesses of all sizes can achieve a successful exit. However, it’s not merely about making a sale—it’s about securing the sale at the desired price. Understanding the factors that enhance a business’s value, as well as those that can diminish its worth, is essential. This knowledge can be the key to transitioning smoothly and confidently, without looking back with regret. Here are four powerful approaches to help seize this monumental opportunity and maximize the business’s sale price.
Employee Ownership Trusts
EOTs are not just a succession strategy—they are a game-changer for Canadian businesses. Offering $10 million in capital gains exemption, they are an exit plan worth looking into.
Are you actually prepared to sell your business?
In this blog post, we’ll explore five more important questions to consider when selling your business. These questions will help you make informed decisions that benefit you, your employees, and the business’ future owners.
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Maximizing Sale Price
With careful preparation and strategic foresight, businesses of all sizes can achieve a successful exit. However, it’s not merely about making a sale—it’s about securing the sale at the desired price. Understanding the factors that enhance a business’s value, as well as those that can diminish its worth, is essential. This knowledge can be the key to transitioning smoothly and confidently, without looking back with regret. Here are four powerful approaches to help seize this monumental opportunity and maximize the business’s sale price.
The Pros and Cons of your Sale Options
Selling a business is a significant milestone, requiring careful consideration of your goals, values, and the future of your enterprise. There are several routes you can take, each with its own advantages and challenges.
Here, we’ll explore four common options for selling your business: a sale to your management team, a sale to a financial buyer, a sale to a strategic buyer, and an employee ownership trust. Understanding the pros and cons of each can help you choose the right path for your unique situation.
10 signs that the time is right to sell
Selling a business is a monumental decision, not unlike choosing the moment to harvest a ripened crop. Timing is everything. If you pick too early, you might miss out on potential gains; too late, and you could face depreciation in value.
Here are some key factors to consider when deciding the right time to sell your business.
When is the ideal time to sell?
Selling a business is a monumental decision, not unlike choosing the moment to harvest a ripened crop. Timing is everything. If you pick too early, you might miss out on potential gains; too late, and you could face depreciation in value.
Here are some key factors to consider when deciding the right time to sell your business.
The Elephant in the Room
Let’s address the elephant in the room: One of the primary reasons a business doesn’t sell is… the owner. It’s a topic people tend to avoid, but it’s crucial to acknowledge.
You’re ready to sell your business, but can it run without you? If the answer is no, it’ll be hard to find a buyer. And even if you do, the bids are likely to be low.
Employee Ownership Trusts
EOTs are not just a succession strategy—they are a game-changer for Canadian businesses. Offering $10 million in capital gains exemption, they are an exit plan worth looking into.
Are you actually prepared to sell your business?
In this blog post, we’ll explore five more important questions to consider when selling your business. These questions will help you make informed decisions that benefit you, your employees, and the business’ future owners.
Individual vs. Group Health Insurance
When it comes to individual and group health insurance, there are some key differences working Canadians should be aware of. Which one is better?
We’re Not Out of the Woods
A few short weeks ago, strategists and market observers published their annual outlooks. Almost universally, they were cautious by predicting that 2023 would be a tough year for investors. However, as January ended with one of the strongest monthly returns we have seen in years, the biggest question on everyone’s mind is: what is fact, and what is fiction? Did everything really get that much better over the last few weeks, or was that simply a technical short-cover rally?
New year, new trends – Canadian markets in 2023
The Fed and the BoC (Bank of Canada) have stated they will not be price makers, but rather focus on restoring price stability. This will be seen through the coming up announcements. BoC set to make its next rate announcement on January 25th, and The Fed on February...
Health Plans – Get cracked before year end
You earned it … possibly this year more than any other. Take a moment for yourself and have those tired, stress-absorbent shoulders massaged, get that neck kink worked out, and brighten that smile. If you have a health and dental plan this is your friendly reminder to...
Beneficiary Designations – Making Sure Your Money Goes Where You Want
We work hard all of our lives. This hard work allows us to afford a home, maybe splurge on a few vacations, save a few dollars and when we pass, transfer our wealth to those we love, whether they be immediate family or a specified individual(s). Normally, this...
What are the investment fees in Canada?
If you are working with a financial advisor (whether of the human or the robo variety), you can be sure they are getting paid for the advice. Investment fees and other charges are simply a part of investing. Investment firms or registered investment...
Health Spending Accounts Explained
Traditional health and dental accounts simply don’t work for everyone. A growing and popular trend in group benefits is giving employees more options on how they can use their benefit dollars. An health spending account (HSA) is an effective way to enhance a...
Life Insurance: Frequently Asked Questions
Frequently asked questions covering how much coverage do I need, what are the different types of life insurance, and more.
The Fed’s impact on the balanced portfolio
The Federal Reserve has made it clear in recent months, in both words and action, that reining in runaway inflation is its top priority. Unfortunately, the Fed's series of interest rate hikes have not been helpful for the traditional balanced portfolio, hurting both...
The Stock Market Is a Curious Thing
The stock market is a curious thing. With both stocks and bond prices down this year, investors may wonder whether the principles of a diversified portfolio can still hold up. The first six months of 2022 saw the TSX down 18%, the S&P dropped 24% and Canadian...
Guide to Recessions: 9 key things you need to know
How bad will the next recession be? That’s one of the questions we hear most often, especially now as the U.S. Federal Reserve aggressively hikes interest rates to rein in inflation at 40-year highs. It seems clear to us that the U.S. will enter a recession by early...
Health Insurance – are you covered for a pre-existing condition?
If you are looking for a health and dental plan for yourself and/or your family there are numerous insurance companies in Canada that offer it, but you should read the fine print before you apply. Most plans offered are medically underwritten and although you may...
Do you need health and dental insurance in retirement?
If you’re approaching retirement, an important question you may want to ask your employer is “Will I have health and dental benefits when I retire?”. While some retirees may be fortunate enough to have healthcare benefits continue into retirement, most won’t....