With Vancouver’s businesses on a steady rise since COVID-19 and new businesses gradually coming on the scene, now may be the time to act if you’ve been thinking of retiring or switching industries. However, once you’ve decided to sell your business, you may feel a bit lost and overwhelmed by what you need to accomplish…
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Have you ever wondered what your business is worth? The world has changed a great deal since the start of the pandemic. Some business values have gone up and some have gone down. Now is not the time for guesswork. So, why is it so important to know what the realistic value of your business…
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As a small business owner, the idea of handing your company over to a competitor may seem off-limits, especially if you’ve spent a decent amount of time separating yourself from the competition. However, this business move can potentially turn into a win-win situation for both the buyer and yourself if you put in the work…
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Recognized as having the most diverse economy in Canada, Vancouver is a growing hub for professional services and start-ups. Prior to the Covid-19 pandemic, it was estimated that the city’s GDP would grow by 2.9 percent. As the economy continues facing uncertainty, there are now new obstacles surfacing for small business owners everywhere in North America. However, if you’re contemplating listing a small business for…
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This article was originally published by BCBusiness and created in partnership with Pacific M&A and Business Brokers Ltd. Besides creating a buyer’s market, the pandemic could see companies that quickly reinvent themselves maintain or even boost their value, a local business broker says The COVID-19 pandemic has disrupted just about everything—and buying or selling a…
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After working tirelessly to develop and grow your organization, you deserve to receive fair earnings. However, you must take a close look at your operation to determine its overall value and set an impartial asking price. Ultimately, a business is only worth the investment a buyer is willing to make. If you’re planning your exit…
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