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How Excess Inventory Can Ruin Your Exit: A Guide for Small Business Owners
Excess inventory can have detrimental effects on the sale of a small business. While the fear of running out of stock drives many owners to maintain high inventory levels, it can actually cost them money during the business sale process. In this blog post, we will explore the impact of excess inventory on business exits and discuss strategies to reduce inventory levels
A Better Investment – Stock Market or Small Business?
Buying a small business can give you a much better return on your investment than the stock market or real estate. Does that surprise you? It should. It surprises a lot of business buyers… even as they are in the process of buying a business. People who are inclined to control the investment of their money typically think they have a few
What is Working Capital?
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 working capital. Simply put, working capital is the amount of money a
6 Tips to Manage Emotions During a Business Transaction
Business transactions can be a high-stakes, high-pressure environment. The decision to buy, sell, or negotiate a business deal can have a significant impact on your future and financial security. With so much at stake, it’s not surprising that emotions often run high. However, it’s crucial to keep them in check and maintain a level head to ensure that the transaction proceeds smoothly
The Benefit of Waiting for the Right Business
We had the chance to speak with Greg and Melanie Chadwick, the buyers of Graham’s Jewellers, and ask them what they plan to do with their new business. As previous business owners, Greg and Melanie were on the hunt for a second business within the Comox Valley when they came across Chinook Business Advisory’s listing for Graham’s Jewellers. Melanie knew that their
A Once in a Lifetime Business Transaction
We had an opportunity to have a chat with James Graham, the Seller of Graham’s Jewellers, about his experience selling his historic business with Chinook Business Advisory. The Graham’s Jewellers store has been a staple in the community for over 109 years and has been under Graham family ownership for over 50. James’ father established Graham’s Jewellers in the 1970s because of
