business broker

Deadline looms for businesses planning to sell

itg2016-05-20T19:14:08-08:00May 20th, 2016|News & Updates|

There is a feature in the new federal budget that has private business owners making the decision to sell their business. According to the budget, private businesses will pay more taxes on the sale of their business starting January 1st, 2017. According to The Globe and Mail, "tax experts say the move, which was intended to simplify the tax system, is inspiring some business owners readying for a sale to finally pull the trigger" to sell. Have you been thinking of selling your business? Maybe this is just the motivation you needed, and there really isn't that much time left until [...]

Canada’s job growth in Toronto & Vancouver

itg2016-05-19T12:52:55-08:00May 19th, 2016|News & Updates|

According to CBC News, Toronto and Vancouver have accounted for the entirety of job growth in Canada. Which means, as BMO's chief economist puts it, "That means the rest of the country has created precisely no new jobs in the past year". This is all the more unusual because, according to the same economist, those two cities account for 25% of Canada's total employment. Perhaps this is an indication that job creation may be coming down to the individual. It may be time for you to acquire a business, and create your own employment, particularly if you don't already live in Toronto [...]

Job seekers create their own jobs

itg2016-05-17T19:40:07-08:00May 17th, 2016|News & Updates|

Financial pundits confirm what BC Business Brokers is seeing in practice: the current decline in unemployment rates is partly a result of job seekers deciding to make their own jobs by purchasing an existing business. They are combining skills and experience gained in the workforce with savings and severance funds to invest in a solid future. Sunbelt BC Business Brokers (West Coast)'s Michael Naprawa particularly enjoys helping these clients find the perfect fit. He takes time to ask questions and listen: 'What are your strengths and weaknesses?' 'Do you want to be hands-on or just management?' 'What is your passion?' Prospective [...]