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Nancy Graham CPA, CA, CIM, CFP, TEP

Portfolio Manager
Contact
  • T613.237.5544 x 303
  • 1.800.230.5544
  • F613.237.5949
  • 265 Carling Avenue,
    8th Floor,
  • Ottawa, Ontario K1S 2E1

The Blood, Sweat and Tears of Selling Your Business

April 6, 2017 - 0 comments

You may be running the most successful business in all of Canada, but if you’ve never sold a business before – and the time may come when you want to – how do you address important questions you may not have even thought to think about?

That’s what today’s “No Dumb Questions” is all about. Of course, if the day comes when you do decide to sell your business, you want all of that hard work and labor of love to pay off in hard, lovely dollars – the more the merrier. Instead, too often, I’ve seen potential proceeds from prosperous businesses evaporate through lack of planning.

 

That means a couple of things. First, it means it’s never too early to start considering the “what ifs” related to a business sale, even if it may be years away. It can help to talk it through with your advisors to save yourself hassles and headaches if and when the time does come (especially if the timeframe may be tight at the time).

Second, you’ll want to have a process – and likely some people – to help walk you through a number of the “-als.” What do I mean by that? I’m talking about the emotionals, behaviourals, practicals, logisticals and, last but not least, the financials.

Ready to get started? Check out today’s video. And if it reminds you of other questions about balancing your business and personal interests, let me know. So many “No Dumb Questions,” so little time in a busy business professional’s life!

By: Nancy Graham with 0 comments.
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