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3 Benefits of Mentoring your Successor
Mentorship is one of the most effective ways of implementing a successful succession plan as it allows for seamless transition from one leader to another. A business owner can mentor internal employees or external buyers that will eventually take over the business -...
5 Ways You Can Profit from a Succession Plan
Starting a succession plan early has many benefits, but it is tempting to push succession planning off until later. If you need the motivation, it can help to view a succession plan as a profitable business investment. Here are five ways that starting your succession...
5 Questions to Keep in Mind While Succession Planning
1. What is my timeline? This could be anywhere from within the next year to over a decade from now. When you plan to exit your business will have an impact on how quickly you need to create your succession plan, as well as the timeline and budget of creating the plan...
Benefits of Having DCF (Discounted Cash Flow) and How SXNM Can Help
Creating a succession plan is extremely important and can provide many benefits to you and your business. Unfortunately, many business owners neglect to create a succession plan for when they leave their business until it’s crunch time — right before they choose to leave or (in unfortunate circumstances) are forced to leave.
Hidden Costs of Selling a Business
Creating a succession plan is extremely important and can provide many benefits to you and your business. Unfortunately, many business owners neglect to create a succession plan for when they leave their business until it’s crunch time — right before they choose to leave or (in unfortunate circumstances) are forced to leave.
For Family Sake
Creating a succession plan is extremely important and can provide many benefits to you and your business. Unfortunately, many business owners neglect to create a succession plan for when they leave their business until it’s crunch time — right before they choose to leave or (in unfortunate circumstances) are forced to leave.
Finding Financing
Creating a succession plan is extremely important and can provide many benefits to you and your business. Unfortunately, many business owners neglect to create a succession plan for when they leave their business until it’s crunch time — right before they choose to leave or (in unfortunate circumstances) are forced to leave.
Formal Succession Planning is a necessity that isn’t going away
Creating a succession plan is extremely important and can provide many benefits to you and your business. Unfortunately, many business owners neglect to create a succession plan for when they leave their business until it’s crunch time — right before they choose to leave or (in unfortunate circumstances) are forced to leave.
Financial Barrier
Buying a business is no small feat, and what many business owners fail to consider when selling is the struggle for the buyer to find financing. Buyers don’t come to the table with cash in hand ready to buy, or if they do it is a very rare circumstance. The first and...
The Ukrainian Project
When Alison approached me in March about needing to do something to help Ukrainians at the beginning of the war, I was on board - but certainly trepidacious. The war had only just begun, we had no idea what sort of turmoil or even duration this could be going on...
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Negotiating
This month, we are feeling inspired to tackle a tricky topic when it comes to the endeavours of selling a business - negotiations. Over the...
Tell me your “Since COVID” results
Maybe you are a business owner who is surviving the global pandemic and are thinking, “OK, I made it through this thing so far, and I am not getting...
Is Your Business OINP-ready?
More and more business owners in Ontario are considering selling to international buyers. The list of benefits to transitioning in this...
Finding Balance for Entrepreneurs: Seven Areas to set SMART Goals
With 2020 bearing down on us, it is only natural we re-evaluate and take a look at where we are and how far we have come. The Holiday season...
Canada’s 5 Cities to Watch for Immigration in Fall of 2019
There are a number of reasons for someone abroad to immigrate to Canada. Aside from being a great country all around, Canada offers phenomenal...