WHY BUY A BUSINESS IN TODAY’S MARKET?

There is no doubt that the economic downturn has made many potential buyers reluctant to move forward to purchase a business. But in many ways, this is the best time. Because most people are nervous and unsure of what is happening, it is much less likely that new competition will open up until they are sure the recession is over. This means that someone buying an existing business, is unlikely to face competitive pressures for some time.

Selling a Business in Toronto

As a business broker in Toronto, I constantly receive phone calls and email form business owners looking into selling their businesses. Unfortunately, a large number of business owners have a misconception about the reasons why they should sell their Toronto businesses. There is a common belief that you only sell a business when you don't make money or when something is fundamentally wrong with the business. This can not be further from the truth.

Become a Business Broker in Ontario

In my recent post about business brokers regulations in Ontario, Canada, I outlined some regulations in the Real Estate and Business Brokers Act (REBBA 2002) requiring that business brokers (individuals or companies involved in the purchase and sale of businesses) be registered with RECO (Real Estate Council of Ontario).