Being clear on your goals will help you take the appropriate steps to structure and prepare for a transaction that satisfies your needs. Your reasons for selling will likely influence your goals for the transaction-what you want out of it. Most common objectives when selling a business On the other hand, you may see coming market or technological changes that require significant investment of time and resources, and you’re unwilling or unable to make those needed investments. You may be wanting to cash out due to favourable market conditions. You or your business may not be doing well financially, and you want to sell to pay off personal or business debts.

Some business owners decide to sell because medical issues are preventing them from adequately running the company. Or you may have had a dispute with your business partners, or even just want some time off. You may want to move on to another project, such as a new business venture or a different lifestyle or career.

In fact, a 2021 BDC study found that 9% of Canadian businesses would be put up for sale over the following five years. As baby boomers retire, Canada is experiencing a major wave of business ownership transitions. You may be nearing the end of your career and want to enjoy retirement. What are the reasons for selling a business?īeing clear on your reasons for selling is vital. Growth & Transition Capital financing solutions Kauffman Fellows Program Partial Scholarship Venture Capital Catalyst Initiative (VCCI) Industrial, Clean and Energy Technology (ICE) Venture Fund

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