Deciding whether to buy an existing business or start a new one is a huge strategic choice. Both routes lead to ownership and control, but they differ sharply in startup risk, capital requirements, time to profitability, and the shape of day-to-day work. Here are the practical tradeoffs and questions to
When you buy something expensive—like a car or a home—you don’t just take the price at face value. You compare, inspect, and evaluate. Buying a small business is no different. Valuing a business goes beyond a glance at revenue. It’s a complex, high-stakes process that helps you avoid overpaying, negotiate
When buying businesses, due diligence doesn’t simply mean dotting your Is and crossing your Ts—it’s a safety net to help you avoid costly surprises. Buying a business is about knowing precisely what you’re getting, not just liking the idea. Due diligence is the investigative process that uncovers the good, the
Negotiating the sale of your business is a lot like performing a high-wire act, there’s a fine balance to maintain, and one misstep could send the deal tumbling. But don’t worry, with a few key strategies, you can keep things steady and secure a deal that benefits everyone involved. Let’s
When you think about buying a business, romance might not be the first thing that comes to mind. After all, one involves balance sheets and profit margins, while the other is all about emotions and commitment. But, surprisingly, the process of buying a business has a lot in common with
Embarking on the journey to buy a business is both thrilling and a bit daunting. You’re not just purchasing a product; you’re investing in a living, breathing entity with its own history, challenges, and potential. But where do you start? And how do you navigate the twists and turns along
The decision to buy a business is a milestone that can shape your professional trajectory and financial future. Whether you’re a seasoned investor or a first-time buyer, standing out to a business seller is crucial to securing the deal of your dreams. Here are 7 tips to position yourself
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
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
