Many small business owners love what they are doing. It’s the fuel that powers them through long days and adversity. It’s why three out of 10 in Canada opened up shop. But it’s also the kicker that can make it so hard to leave—a milestone that some seven out of 10 of us will be approaching this decade.
A small business partnership is like a marriage - you need to choose your partners wisely. That is some smart advice. Especially in business, many do not.
Summary The traits of a successful entrepreneur go far beyond a great idea. They encompass vision, resilience, empathy, and disciplined execution across every stage of business. This guide breaks down 18 core characteristics shared by high-performing business owners, offering a…
In every city and town in Canada, you’ll find a trove of small businesses with passionate owners pushing the envelope on what is possible in their industry. These innovators dedicate themselves to their companies and communities, growing their bottom lines…
If you own a small business and require a share freeze, partnership dissolution, or are starting to exit plan for the sale of your business, the first question owners often ask themselves is, “What is my company worth?” Most accounting…
Many Canadians feel that the cost of local housing, whether purchased or rented, is beyond their means. Affordability is especially an issue in Toronto, Vancouver and Calgary. Less in the news are non-residential properties and the hardships their rising property taxes are causing to small businesses. It’s an expense that is causing small businesses to relocate, reconsider expansions and, in some instances, shutter, notes a recent Globe and Mail Report on Business.
The evidence is out there: more women in Canada now own businesses and more women in Canada are now engaged in starting businesses. The count varies according to who reports what and where.
Raising kids doesn’t come easy. Neither does running your own business. Both provide significant life lessons and great rewards. So, what about combining the two? No, I don’t mean raising kids AND running your own business. Many of us do that already. I mean having your kids run their own business. Or at least learn the ropes of what being in business means.
In a recent 2015 post, I noted that more mid-sized businesses in the Canadian market are turning to complementary acquisitions with fold-ins or add-ons that allow the buyer to add on the revenue of the acquisition without the costs the seller (and their smaller business) had. As we enter the New Year with renewed resolve and resolutions, I've been asked to say more about these financial benefits.
The Process of Selling a Business