Your business plan is an important tool in your efforts to raise capital. It can be used by potential lenders and investors to evaluate your business and its prospects. Here are some tips to help you, through your business plan, make your case as effectively and compellingly as possible.
Many businesses with the right ingredients do not think they can raise the money – but there are many options available.
Employee ownership can be a great way to pass on a business to the next generation, ensuring local ownership continues and jobs stay in our communities. It is also a viable solution for business owners looking to retire while at the same time ensuring their legacy continues.
Unfortunately, it is often overlooked as a succession strategy. This article discusses what it takes to complete a successful employee buyout.
The Chinese economy is slowing down. It is hardly alone – much of the world has experienced economic tumult and uncertainty over the last two years. In China’s case, the economy is undergoing a fundamental shift away from infrastructure and development to consumption-based growth, similar to what drives most advanced economies. The impact of this transition is being felt globally. The resource-dependent economies of Western Canada are being particularly hard hit, at least in the short term.
A case study in guiding a family-owned business through a change of ownership.
With the baby boomers reaching retirement age, a large number of companies will change hands in the coming years. Many of these entrepreneurs will sell to family members, which is precisely the situation this business owner found himself in.