Helping entrepreneurs exit on their terms Over the last 15 years, Chinook Business Advisory Ltd., a Victoria-based M&A advisory firm, has guided nearly 400 business owners across Western Canada to successful exits. As they look ahead to supporting their next 400 clients, they see an opportunity to help entrepreneurs be
Introduction Selling your business is a pivotal moment, often representing the culmination of years of dedication. As you prepare—consulting your spouse or other shareholders, organizing financials, and exploring sale options—you face a critical choice: hire a broker or manage the process yourself. The decision is daunting, especially when buyers arrive
Selling a business is a big deal, both figuratively and literally. Whether you’re dreaming of a tropical retirement or moving on to your next entrepreneurial adventure, you probably have a lot of questions. Here are quick takes on 20 common questions we get: 1. How long will it take to
Why Clean Financials Can Boost Your Business Sale Price by 20-30% If you’re a business owner considering selling, you’ve likely heard the term “clean financials” thrown around. But what does it really mean, and why does it matter so much? Here’s the deal: businesses with well-organized, accurate financial records can
If you’re considering buying or selling a small business, you’ve likely noticed that market conditions can feel a bit like a roller coaster lately. Shifting interest rates are playing a starring role in shaping how deals are done, influencing everything from valuations to financing options. For buyers, the rising cost
After reviewing more than 1000 businesses during my 15 years of working with entrepreneurs as a business intermediary, I’ve observed a fascinating pattern in the lifecycle of entrepreneur-owned businesses. I call it the “7-Year Itch” – a critical window when business owners should consider their exit strategy, but often don’t.
When selling or buying a business, financing the deal can often feel like navigating a maze. One term that pops up frequently is “vendor note,” leaving many buyers wondering: what is it, and how does it work? This short read dives into one of the top FAQs we receive, breaking
In the business world, not all heroes wear capes. Meet the Financing Fixer. Okay, so we’re more like ‘Deal Detectives.’ We dive deep into businesses, uncover all the skeletons (if any), and get them in shape for a smooth transition to a new owner. Our role isn’t just about selling
When it comes to selling a business, buyer interviews are critical. It’s your chance to showcase your business and build trust. However, certain comments or revelations can quickly undermine a deal. Whether you’re new to selling or a seasoned entrepreneur, knowing what not to say during buyer interviews is just
