Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Archive for August 2013

The New Retirement – Starting a Small Business?

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http://sbinfocanada.about.com/b/2013/06/28/the-new-retirement-starting-a-small-business.htm

Interesting article on a survey of baby boomers by TD Bank.

“54 percent of boomers (those born between 1946 and 1964) have started or considered starting a small business prior to retirement … The top reasons boomers consider starting their own business before retiring were:

  • being their own boss (58%),
  • having the opportunity to make more money (53%),
  • and having a sense of personal achievement or pride (50%).”

If you are one of those boomers considering starting a small business, you might want to consider buying an existing one instead.  Check out our website for plenty of information on the entire process of buying a business.   http://www.raymondyuill.ca/buying.html 

Written by Dan Jennings

August 22, 2013 at 4:50 pm

Ingredient to a Successful Exit – Valuation

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http://www.divestopedia.com/2/4605/pre-sale/reason-to-sell/the-third-ingredient-to-a-successful-exit-valuation

Good article on Divestopedia on getting a valuation as part of exit planning.

“Now that we have determined where the business owner needs to be upon exit (i.e. the financial needs), the next step involves assessing the business owner’s current net worth, which includes the value of the business. For many business owners, this can represent a significant proportion of their total wealth.

An independent business valuation is an important benchmarking tool that can be used as a basis for enhancing the value of the business over time. It can also be used for insurance coverage purposes and for tax & estate planning purposes ” 

Written by Dan Jennings

August 16, 2013 at 10:03 am