Karl wrote Selling Your Canadian Business: A Step-by-Step Guide to Maximizing Value and Securing Your Legacy because he saw too many business owners making preventable mistakes that cost them millions of dollars and years of regret.
Why the owner is structurally the wrong person to negotiate their own sale, and the three vulnerabilities, identity, dual roles and personal criticism, that undo the negotiation.
Ten reasons to get an independent valuation, from selling and transition planning to financing and dispute resolution, at any stage of a Canadian business's life.
Most concessions happen in the final fraction of a negotiation. The five tactics buyers use to manufacture deadline pressure and extract concessions before signing.
Written during the early 2022 rate cycle: how rising interest rates reduce what a debt-funded buyer can pay, and why valuations are typically highest before rates climb.
Once you hand over the keys, a new owner can legitimately reduce EBITDA and miss your earnout targets. The contractual covenants that protect the payment you were promised.