Valuing A Business – Determining How Much To Pay For Your Next Acquisition.
For many entrepreneurs (but not all), the natural evolution of business ownership travels from one singular business to multiple units. Although for many the thought of spreading yourself further to operate another business makes no logical sense, others see the potential advantages inherent in the acquisition of multiple business operations. Benefits such […]
Traits Of Great Managers – Filling The Roster With Successful Team Players.
What makes a great manager? What do you want to achieve in your business that you think a great manager can help you with? These 2 questions and more eventually raise up in the minds of business owners endeavoring to build their businesses and grow revenues. Given that we can only do […]
Relationship Selling To Maximize Your Business’s Potential.
In this fast-paced, data-and-digital driven economy, dexterity with smartphone screens and their apps has become today’s euphemism for “customer relationships”. The currency of trust, however, retains it’s value and will always be a prerequisite for lasting sales relationships. Multitudes are caught up in the euphoria of the online sale, where an impulse can […]
Performance Incentives For Your Managers – Doing it Right.
Our Business Growth Model seminar and video incorporates manager compensation as a tool to facilitate business growth. Getting the compensation right for each individual, however, is key to making your business growth plans work. You can’t be everywhere at the same time, so getting someone in who you can trust over time […]
Managing and Maximizing Your Business’s Cash Flow.
There are scores of people who dream of owning their own business and the suggested freedom that comes with it. These people get excited with the prospect of anticipating profits and a lifestyle over which they have a certain amount of control compared to the corporate grind that they’ve lived in for […]
Fueling Organic Growth In Your Business.
A stable and continually executed local marketing plan to build clientele is one of the most important elements in maintaining a successful business. Marketing is a full-time job, from the planning, to the relationship building, to the execution and ordering of materials – all components in the local marketing plan take time and energy. Business […]
Business Forecasting And Modelling – Keys To Unlocking Business Growth
Leading Tax Advice Call Nicholas Kilpatrick 604-612-8620 At all stages of the company’s existence, short– and long-range plans should be in place that dictate its actions. Company management and external stakeholders, such as investors, banks, and creditors want to know that growth prospects for the company have been forecasted to the […]
Finding Optimal Business Investments – Financial Statement Analysis Methodology – Part 2.
In the previous post, we highlighted 3 areas of concern that determined the financial strength of a prospective business acquisition. Respectively, Profitability, Solvency, and Rate of Return give a high-level view of the financial prospects of a business. However, a further, more detailed review of the financial statements is necessary to confirm […]
Finding Optimal Business Investments – Financial Statement Analysis Methodology – Part 1
For business owners seeking to build business empires through acquisitions, being able to quickly and accurately assess the prospects of a business venture is a skill learned only over time and with extensive practice. With so many options available in which to invest financial resources, the exercise of short-listing potential business acquisitions […]
Should You Finance And Expand Your Business Or pay Off Debt?
It takes a lot of discipline, discernment and courage to swim against the conventional wisdom of our previous generations to pay off debt as quickly as possible. By that I mean that when given the choice whether to use money to expand your business footprint or pay off debt, the best decision […]