All business owners eventually. Planning is critical if you want to ensure a successful transfer of your business - whether that transfer be internal (i.e. to another shareholder, a management group or the next generation) or external (i.e. to an independent third party). According to a recent CFIB study, less than 10% of business owners have a formal written plan, 40% have an informal plan and over 50% have no plan whatsoever. [1] Why have so many business owners avoided planning their exit...
Are you ? Will you be selling to management or an employee group over time? Would you like to maximize your net proceeds on a sale to an independent third party buyer? Whether you plan on selling your business to an internal party over time or to an external third party for maximum proceeds, your success depends on how much effort you put into your planning and preparation. Getting started is often the hardest part. We learned from Newton that, “An object at rest stays at rest and an obj...
Your business is your life’s work and greatest investment; what and how much it’s worth cannot be easily quantified, but as you move towards expansion, or set your sights on other, more lucrative ventures, knowing how much your business is worth through is essential in determining the best way to profit from your venture and grow your investment. The real answer to this question is...
As a seasoned business owner, it is common to enjoy an intuitive understanding of the importance of knowing about . Essentially this constitutes knowing what and how much it is worth based on current market conditions and its industry position, set against the amount of work you have put into fostering its growth over the years and the available resources for continuing your work.
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A is a document that is a product of Chartered Business Valuators’ (CBVs) independent and expert review of your company.CBVs can conduct a business valuation and prepare said report either part of a periodic process to ensure streamlined growth objectives; or when there is an immediate need for a valuation, such as a pending transaction, or in the face of legal disputes.
Benefits of Reviewing a Company Valuation...
Valuation reports are a key part of any pending transaction concerning your business. When selling your business in the GTA, obtaining a professional, independent helps manage your expectations with respect to the business’ market value and how much it can be sold for. A valuation report also provides useful information for entering into negotiations with a potential purchaser. When done early enough, it can help you ident...
It’s been established that there will come a day when you will exit your own business due to any number of reasons; this could be voluntarily, such as retirement or a sale, or involuntarily due to death, disability, disaster, divorce or dispute. Regardless of the circumstance, it is in your best interest as business owner in the GTA to obtain a service to help prepare for your and your business’ future.
As a business owner, you may be focused on growing your business and boosting its profitability. Doing so can also drive the value of your business, increasing the net proceeds that will be available to you when you eventually exit your business. A in Ontario can help you identify key factors to leverage to increase the value of your business, opening the door to a favorable future. Read More
As a business owner in Toronto, or anywhere Ontario, it should be your goal to constantly drive your business towards growth, which then increases its value. By increasing the likelihood for growth and the anticipated growth rate, the value of your business increases, and over time, attracts a greater number of potential purchasers, should you decide to put your business on the market. Starting with an expert and independen...
Doing business in fast-rising and highly-populated Ontario means it’s a priority to ensure that your company stands out starting from its early stages of growth, to maturity, and all the way to when you will assess its viability to survive in the near future, which may result in you exiting the business. In these cases, a is useful in arriving at a benchmark for measuring growth as a...