Categories
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
Should You Buy or Build a Business?
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 a business is arguably more impressive than starting one yourself. When confronted
How To Begin Exit Planning
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 never too early to start thinking about your exit strategy. You can
