Once upon a time, in the picturesque land of Alberta, three distinct lives converged under the serendipitous banner of entrepreneurship. Three men named Matt embarked on a journey that would not only redefine their destinies but also weave a tale of coincidence, courage, and the Comox Valley. The Matts The
Having a succession plan in place when selling a business is crucial for several reasons, especially when you anticipate transitioning within the next 1-5 years. Here are some key reasons why succession planning is essential: 1. Smooth Transition: A well-thought-out succession plan ensures a smooth and seamless transition of
No matter what business you’re in, you’ve probably heard the term “working capital” before. But what exactly is it, and why is it so important? Let’s explore the ins and outs of working capital and why it matters for your business. First things first, let’s define what we mean by
In 2014, a buyer approached Keith MacKenzie, Founder at Chinook with a vision: to purchase a business on Vancouver Island to be closer to his family. Relocating from Alberta, our buyer sought a new venture to replace his oilfield income. Fortunately, Chinook had a home services business available, and the
Business owners are usually too busy running their business to deal with the fact that retirement will arrive one day. Ultimately, every business owner walks away from their business. The sooner you start preparing for that day, the better off you’ll be. Whether it is an established location, relationships with
Identifying and addressing weaknesses within your company is the first step toward improving operations, but the benefits extend beyond mere problem-solving. As the ultimate authority on your business, recognizing and rectifying issues can yield dividends both in the short term and throughout the life of your company. Numerous areas of
Buy vs. Build – The Ultimate Decision You may be thinking to yourself, “why would I buy a business instead of starting my own?” and unsurprisingly, this is something we get asked all the time. Everyone wants the legacy of “I built this business from the ground up” but scaling
Why should I start exit planning? Every business owner eventually leaves their company. Some owners leave voluntarily (retirement, career change), while others do so based on market changes, circumstances beyond their control, or because of countless other things. As an owner, you are the champion of your business and it’s
We sat down with two of our most experienced Intermediaries, Mike Lenz and Keith MacKenzie, and asked them for the 10 biggest lessons they have learned over the last decade in their professional careers. This is what they had to say: 1. Preparation is everything When you think you have
