You have been operating your business for many years and now it is at a critical stage.  Do you invest more money in the business to take it to the next level, keep it the same size and coast or buy a business to jump start the growth.  In fact, the acquisition may be cheaper than trying to develop that new business yourself.  Which way is the best choice for you? (more…)

You have owned your business for many years, you are thinking of retiring but you are still wavering.  Many entrepreneurs spend so much time in their business that they do not have any hobbies.  What will you do next?  Do you want to retire, enjoy life or keep going.  Do you want to sell your business?  Some people do not like change.  (more…)

When you buy a business, how many hours will you work?  When you are an employee, you may work from 9 to 5 and leave the office   At the end of the day, some of you may think about work, others will not think about work until they show up at 9 the next morning.  When you own your own business, you think about work 24/7 when you start out.  What things do you need to do, how can you improve things, what do you need to order, can you improve efficiencies in what you are doing? (more…)

You have been looking for a business for a long time but have not been in a hurry to buy a business.  Is procrastination to buy a business a good strategy?  When the economy was not doing well, waiting until price of a business to drop may have worked.   In most countries in the world, the economy is improving which should mean that businesses are doing better.  That will lead to more profits.   The deterioration of the economy led many companies to review their internal operations.  many realized that they were run inefficiently and it was possible to improve efficiencies with less staff. (more…)

You operate your own business and you know that the tax changes that happen on July 1 do not impact you for several months, have you started to think about how you will be able to deal with the transition, when does it affect you.  Many people may not realize that things you do now could have an impact on whether you charge GST or HST in Ontario and British Columbia. (more…)

You have been operating your business for many years and you have been having marriage problems for years.  One day your spouse wants finality to the relationship and wants a divorce.  How do you cope? (more…)

Many people think about starting a business but are afraid to start because there is a lot of uncertainty, there is no cash flow and the business may not survive or you do not have enough capital to keep the business venture going until you reach break even.  Sometimes, it is easier to buy an existing business where you have immediate customer base, cash flow and existing suppliers.  It is also easier to get financing for an existing business rather than a start up. (more…)

Many people want to own a business but do not want to pay the premium for someone to start the business and buy a business.  Remember, you are paying someone who took the risk to determine if the business was viable in the first place.  They have my built up the business over 1, 2 5 or even 10 years.  If you were to start today, your venture may be at risk of survival. A large number of new businesses do not survive the first three years of business. (more…)

You have built up your business from scratch and you go to work everyday in your business, you have a routine, you go home at night, nothing new or exciting happens, is it time to sell your business?  If you do not look forward to going to work everyday, is it time for a change?  How do you know when it is time to sell your business? (more…)