The First 90 Days…

So, you identified and purchased an established, profitable, self-sufficient business or franchise that suits your lifestyle – GREAT! But what’s next? This is a crucial question. Most buyers expect a seller to help during the transition of ownership anywhere from 3 – 6 months (depending on how big the business or franchise is) however, as the new owner what can you do in the first 90 days? Here are my thoughts:

I Asked This Question on a Forum & the Response Was Great!

I often participate in open forums like BizCHATTER, Reddit and Quora. Recently, I asked this question and the response was very insightful:

Question: Would you start a business or buy a business?

What to Look for When Buying a Business to Flip

Today we often stumble across many programs on television that have to do with “flipping”. Now, when we think of flipping we automatically associate it with flipping a house, but you should know that a house is not the only thing that can be flipped!

7 Reasons Your Business Isn’t Worth What You Think It’s Worth

Think you know how much you could get for your business if you sold it? Think again. In my experience, business owners often get slapped with business valuations that are much lower than they think they deserve.

The 3 Types of Business Buyers!

Buying an existing business or franchise can be one of the most challenging and rewarding experiences in your professional life. Preparing yourself both emotionally and financially for your purchase must happen long before finding that perfect opportunity. A few of the things we urge BizON buyers to think about is

How to Buy a Business

When most people think of starting a business, they think of beginning from scratch–developing your own ideas and building the company from the ground up. But starting from scratch presents some distinct disadvantages, including the difficulty of building a customer base, marketing the new business, hiring employees and establishing cash flow…all without a track record or reputation to go on.

Intergenerational Wealth Transfer Discussion Series

It’s no secret that the real estate market in Canada is red hot according numerous pundits and newspaper articles. I do not wish to debate the merits of this, however, from doing over 80 workshops on various financial literacy topics, I can’t recall when I did NOT have a real estate related question.

The Switzerland Structure: How to Ensure Your Business Could Run Without You!

Have you ever wondered what would happen to your business if you could not work for an extended period of time, or a key employee left the company? Would your business survive?

Why Buying a Company Can Be Better than Starting One

Perhaps your most fundamental career choice is whether you will work in someone else’s company or for yourself. But for most people, “working for yourself” sounds a lot like “starting your own business,” which feels risky and formless and also requires a really good business idea — which most of us don’t carry around in our back pocket.