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.
A first-time buyer using bank debt should expect 12 to 18 months to close. Why sourcing takes so long, and the 80 per cent attrition rate that kills most signed LOIs.
When selling a business, understanding the different types of buyers and their unique preferences is crucial. In general, buyers fall into two categories: financial buyers and strategic buyers. Each type of buyer evaluat...