How to Exit Your Small Business

The decision to exit your small business is a tough one. Whether you choose to sell, transfer to family or friends, or wind the business down, it’s not usually as simple as closing the doors. There are legal, tax, financial and even emotional considerations you should be aware and plan […]

What’s Happening in November 2018 at Small Business BC?

With the weather taking a turn for the chilly, November represents the perfect time to polish your holiday season strategy or get your small business off the ground. This month, our educational calendar is stacked with a mix of 30 new and returning seminars, Talk to an Expert consultations and […]

The Biggest Fear of Selling Your Business

You will be hard-pressed to find a business owner who doesn’t love what they do. It’s a remarkable feeling to immerse yourself in an industry that you’re passionate about. Those feelings of pride are only enhanced when you turn that passion into a solid cash flow. However, being a business […]

Are You Thinking of Selling Your Business?

Selling your business is one of the most important decisions you’ll face as an entrepreneur. You’ve spent long hours building it into a viable enterprise. And, with a little preparation, you can increase your business’ value and make sure you get the best sale price. Below, we examine the different […]

What’s Happening in July 2018 at Small Business BC

This July, take your small business to summer school with the learning opportunities available at Small Business BC. June’s month of free education was a massive success thanks to the enthusiasm and support of BC’s small business community. And, to help continue growing your entrepreneurial skillset, we’re giving you 15% off […]

Do You Know the Basics of Business Valuation?

A Business Valuation is a process that is used to arrive at the Fair Market Value (FMV) of a business. FMV is the amount at which a business would change hands between a willing Buyer and a willing Seller when neither is acting under compulsion, and when both have reasonable […]

The 9 Key Players of Succession Planning

To make a plan successful, the right players need to be involved. This includes a variety of stakeholders from both inside and outside the business. Each one will play a critical role in helping to ensure a smooth transition. Below, you’ll find the 9 key players when it comes to […]

Why Succession Planning is Your Key to Long-Term Success

Succession planning is something seldom thought about by small business owners. In fact a recent survey conducted by Insights West, on behalf of Small Business BC found that less than one-quarter of small business owners currently have a succession plan, while over one-third do not believe it is important. Why?