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.
Selling during a changing or uncertain environment is not automatically the wrong call. The factors, rising sales, necessity products, falling demand, that tip the decision.
What change-of-control provisions do inside supplier, customer and lease contracts, and why sellers need them to keep a business from grinding to a halt after a sale.
Why the endowment effect makes owners overvalue what they built, and why recognizing that bias is the first step before estate planning, recapitalization or a sale.
What a retrade is, when a buyer renegotiates price after the deal is struck, and the nine steps that reduce the risk of it happening during your own due diligence.
Should you sell during a downturn? The signals that argue for proceeding, rising sales or essential products, against the signals that argue for holding.