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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
Signs Not to Buy a Business
A lot of people would like to own a business. If they’ve done a little research, they will have learned that it is very often, dare we say almost always, a better situation to buy an existing business rather than to start one from scratch. That however does not apply to all businesses. There are some businesses that you would be better
When is The Best Time to Sell a Business?
Just like getting into a serious relationship or having a baby, there is no perfect time to sell your business. Life is not that linear. But luckily for you, we are here help. There are many elements that are out of the control of the individual business owner that will influence the liquidity of their business. This makes determining the exact right
10 Lessons Learned after 10 Years in M&A
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 all the details, you need more. It is best to have all
How To Sell Your Business
This is it, you’re ready. You long for the next chapter in your life whether that’s retirement, more time to focus on your family, a big move etc. You hit the Google search engine: “How do I sell my business?” The first step is to talk to the experts (business brokers, business intermediaries) practicing in your area. Chinook Business Advisory specializes in
