Ken Davidson, local Kelowna accountant, gives his advice to business owners wondering when the “right” time is to sell your business.

I often get asked this question from Kelowna business owners. The reality of it is you don’t want to be the person who has to sell. What you want to do is plan for your sale. I talk to my clients about two different types of sales in business:

• Voluntary Sale
  • Typically a sale that you have planned for through succession to a family member or transitioning out to a third party.Includes death, bankruptcy, competition overtake, etc.… Continue reading →