Buy a Business Archives - Business Exchange

5 Reasons Why Buying a Business is Better Than Starting Your Own

Categories: Buy a Business, Entrepreneurship, 0 Comments

Starting your own business from scratch often results in failure. Forbes states that 90% of new businesses fail within the first 5 years! If you are new to entrepreneurship, why start your own business when the statistics are clearly not on your side? Why not buy an existing business and mitigate your risks? Here are…

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How to Verify that a Business Really Exists

Categories: Business for Sale, Buy a Business, Small Business, Start a Business, 0 Comments

How to Verify that a Business Really Exists   Just as consumers check to make sure a business is legitimate before they buy, you likely do the same before your business has dealings with someone new. Whether you’re looking to buy from a supplier, donate to a non-profit organization, or collaborate with another business on…

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Business Loans: What Banks Want to See… and What They Don’t

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Business Loans: What Banks Want to See… and What They Don’t   Increasing your chances of obtaining an approval on your bank loan application for your new franchise purchase, is as much an art, as it is a science. The following is a bit of a back curtain look at what banks are looking for,…

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The Good and Bad of Buying a Franchise Vs. Buying a Business

Categories: Buy a Business, Franchise, Franchisees, Start a Business, 0 Comments

The Good and Bad of Buying a Franchise Vs. Buying a Business   Starting a new business is quite the endeavor, regardless of what format you choose is best for you. It is important to understand the attributes of whichever format you choose for your business and that you know how these will impact your…

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So… You Want to Open a Restaurant?

Categories: Buy a Business, Franchisees, Small Business, Start a Business, 0 Comments

So… You Want to Open a Restaurant?   I heard a great joke a while back, if you want to make a million dollars in the restaurant business start with $2 million. But seriously the restaurant business is not for the feint of heart, if you don’t enjoy hard work, long hours and have little…

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Canada Small Business Financing Act Program (Part II): FAQ about Business Asset Appraisals to Buy a Franchise

Categories: Business Finance, Buy a Business, Buyers Guides, Small Business Loans, 0 Comments

Canada Small Business Financing Act Program (Part II) FAQ about Business Asset Appraisals to Buy a Franchise   Download the Full Guide here (Part I & II):   Do you want to know more about how to get financing to buy a Franchise? We had a FAQ session with the business asset appraiser to Lawrence…

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Don’t Wait For Everything to Be Perfect. Start Your Business!

Categories: Business for Sale, Buy a Business, Entrepreneurship, Start a Business, 0 Comments

If You Have an Idea For a Business, Don’t Wait For Everything to Be Perfect! There are some of you out there who want to start a business. So you research your market, write a business plan and then get stalled. You want everything to be perfect so you obsess over the details. The difference…

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Guide on Different Types of Businesses: Corporation vs Partnership vs Sole Proprietorship

Categories: Business Finance, Buy a Business, Buyers Guides, Start a Business, 0 Comments

Guide on Different Types of  Businesses: Corporation vs Partnership vs Sole Proprietorship     When starting a business in Canada you must register your business with the government but there are some important things to consider before doing so. First, you will need to decide on a name for your business. Second, you will need…

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Guide on Getting a Small Business Loan

Categories: Business Finance, Buy a Business, Buyers Guides, Entrepreneurship, Small Business Loans, Start a Business, 2 Comments

Guide on Getting a Small Business Loan     Small business loans can be challenging, especially for start-ups. One of the most popular forms of assistance continues to be, the Canada Small Business Financing Program (CSBF). The main purpose of the program is to increase the availability of financing for establishing or expanding small businesses. Application…

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The 10 Biggest Mistakes To Avoid When Buying A Business

Categories: Buy a Business, Buyers Guides, Start a Business, 0 Comments

The 10 Biggest Mistakes To Avoid When Buying A Business     1) NOT DOING YOUR DUE DILIGENCE Probably one of the single most important factors when purchasing a business, I’ll give you an example why – Have you ever purchased a home? Yes. Did you invest all that hard-earned money and not get a…

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