Myths held for millennials

Millennials have received more than their fair share of bad press. That has apparently caused some business owners to wonder how millennials may fare in their workplace compared to other generations. However, a recent poll by Insights West has debunked five commonly held beliefs about millennial-age workers. It found: Myth: Millennials are unhappy and frustrated with their […]

Read more »

Thinking ahead makes you money

People often ask us: When is the best time to sell? The obvious answer is when your business is worth the most. But it’s more nuanced than that. It’s time to sell when you’re ready. Or when you’ve lost interest. Or when a solid buyer comes along. Or when outside interest in your business appears […]

Read more »

Silver opportunity for entrepreneurs

As Canada greys, more business owners are looking to sell This is an unprecedented time in Canadian business. Businesses are starting to change hands more and more, passing from a greying Canada into the hands of a younger generation. A study done by the Business Development Bank of Canada underscores this, pointing to a massive turnover in the […]

Read more »

Why do business in the Okanagan?

7 reasons the Okanagan is a great place for business We’ve said it before and we’ll say it again: The Okanagan is a great place to do business. The beautiful valley nestled in southern B.C. boasts wineries, ski hills, lakes and rolling vistas. It attracts skilled workers and tourists who have money to spend. There […]

Read more »

Never too early for an exit strategy

It’s never too early to plan your exit. Starting with the end in mind is good strategy in chess – and in business. For business owners, successful exit hinges on succession. But let’s put into perspective how uncommon it is to celebrate a graceful departure: About 80 per cent of the businesses on the market […]

Read more »

4 reasons confidentiality is key

Keeping a secret isn’t easy. In fact, Benjamin Franklin once mused: “Three may keep a secret, if two of them are dead.” Still, secrecy is paramount when it comes to selling a business. Confidentiality at all times – before, during and after – is the most important factor in the successful sale of an existing […]

Read more »

Proposed tax changes bad for business

Why the Proposed Canadian Tax Changes are a Business Killer The tax changes proposed by the federal Liberals are a slap in the face to small business owners. Federal Finance Minister Bill Morneau’s office is preparing to launch the most radical tax overhaul in 50 years. It’s already causing a lot of anxiety among Canadians. […]

Read more »

What kind of business should I buy?

Buying a business is one of the most important decisions you’ll ever make – and one not to be rushed into. There are a number of options open to you. It’s important you do your research to make sure you’re buying the right type of business for you and that you pay the right price […]

Read more »

Living in the digital revolution – Part 2

We’re living in a digital revolution. Why not take advantage of the shift and pursue the potential cost savings and increase in profit that can come with digitization? After all, there’s no escaping the new industrial revolution, says the Business Development Bank of Canada. Previously, we covered how the past three industrial revolutions changed the way […]

Read more »

Join the new industrial revolution: Part 1

Did you know we’re living in the fourth Industrial Revolution? Industry 4.0, as it’s been dubbed, has been forcing profound changes on businesses around the world. To get a sense of how much industrial revolutions have changed the business landscape, let’s look at the first three. The first Industrial Revolution started in 1780 and over […]

Read more »