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 to a friend can close faster and cheaper, but skipping competitive bidding has a real cost. The pros and cons weighed against what a broad auction can deliver.
This is an important question for business owners to consider since selling a business early in a business cycle might be critical. There are certain circumstances where it can be best to sell a business, and there are a...
Enterprise value, equity value and selling price are easy to confuse and drive every negotiation. What each term actually means, with a worked example.