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The Beal Business Advisor

April 2014

Contact Number:  204-478-7266
In This Issue
  • Closed Transaction
  • Upcoming Seminar 
  • Buying a Business - Patents     
  • Selling a Business - What Do You Want to Do Next?        
  • Question of the Month:  How Do I Decide the Selling Price for my Product     
  • Current Businesses for Sale
Closed Transaction

         Seasonal Contractor              

 

 

 

The Undersigned Has Acted as an

Advisor to the Vendor

 

 

 

Beal Consultants

Steven Beal, MBA, CGA, CFA, CBV

204-478-7266 ext. 109

www.bealconsultants.ca

 

 

 

Upcoming Seminar!

Preparing to Transition Your Business 
What are the keys to a successful exit strategy? 
 
Consider your exit options:  whether you are considering a family transition, an external sale, a management buy-out or even an IPO, learn how to sort through the pros, cons, and implications of each option.

Learn how to put together your succession plan by: 
  • Identifying issues
  • Determining value
  • Finding ways to increase value
  • Preparing business for sale

Special Guest Speaker:  Steven Beal, MBA, CGA, CFA, CBV
Hosted by:  Stan Casar, B.Comm. Hons., Wealth Advisor

Date and Time
Tuesday, April 15th at 5:30 p.m.
(pizza will be served)

Location
ScotiaMcLeod Boardroom
Ste. 501-200 Portage Avenue

Please R.S.V.P. to
Betty Mitchell at 204-946-9232
or betty.mitchell@scotiamcleod.com


  
 

  Patents

 

Last month we discussed personnel, this month we want to discuss patents.

 

Proprietary rights are often a list of trade names, trademarks, logos, copyrights, industrial designs and patents should be obtained, noting the period of time remaining before each expires.

 

Next month we will discuss taxes.

 

In the meantime, if you would like more information on buying a business, contact us at 204-478-7266x110.

 


What Do You Want to Do Next?
Last month we discussed training your successor.  This month we will focus on what do you want to do next.

Over the past year, we have discussed topics ranging from preparing to sell your business to training your successor. The final step is up to you - what do you want to do next?

 

Some people dream of retiring to a warmer climate (after our long winter here in Manitoba, who can blame them?) Others are looking to travel, or spend more time with their family. Whatever your goals are, make sure you plan for them - don't just assume you will enjoy retirement because you don't have the stresses of the 9-5 grind any more. One question I ask business buyers "What would you do for the rest of your life assuming money is no object?" Hopefully, if you planned your finances carefully, as you sell your business, you are financially "set." But are you "set" emotionally?

 

Retirement, like any major life change, can be stressful. I meet business owners every day who would like to retire, but are basically afraid - afraid of having nothing to do, of being bored, or just afraid of the unknown. But if you plan your retirement, and ease in to it, it can be a wonderful time of giving back, of travel, and of catching up on all those things you never had time for before.

  

If you would like more information on selling or valuing a business, contact us at 204-478-7266 x110.

 


Current Businesses for Sale

 

Franchised Foods Retailer - NEW 

 

Winnipeg Pharmacy  

 

Convenience Store (Northern Manitoba) 

 

Winnipeg Catering Business 

 

Franchise - Tanning Studio    

   

Small Town Dollar Store  

 

Winnipeg Meat Shop - Grocery Store 

 

Bridal Shop 

 

Metal Fabrication Business 

 

Small Town Grocery Store/Meat Shop

 

Automotive Repair and Power Product Dealership 

 
 Construction and Renovation Company  

 

Trucking Company - NW Ontario  

 

Rural Restaurant and Convenience Store  

 

Winnipeg Convenience Store   

 

High Volume Retail Chain  

 

Thompson Hotel and Restaurant    

 

Prepared Fine Foods - Wholesale and Retail 

 

Addiction Treatment Center

 

Print and Online Publication - Business Opportunity

 

Employment Service - Franchise Opportunity 

 

  $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

To review any of these business profiles, please click  here .

 

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$  

 

We do not advertise all of our listings to the public.

If you have a specific type of business in mind,

please call 204-478-7266 x110 to inquire!

 

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Quick Links

Beal Consultants Website  

 

Quote of the Month

 

"Don't let the fear of losing be greater than the excitement of winning."  

   

Robert Kiyosaki     

 

I am Starting a New Business, How do I Decide the Selling Price for my Product or Service?

 

Finding an appropriate selling price is one of the most difficult hurdles a new business owner will face.  A price will reflect how you plan to position your product and the market you are looking to capture.

 

Here are a few things to keep in mind.

 

What does your price say about you?
 
  • A high price will help position your product or service in a specialty or niche market.  This will cause price conscious buyers to look elsewhere.
  • A high price also conveys a quality product or service.  Pricing too low may reflect the opposite.  You need to find a price that reflects the quality and value a customer will get when using your product or service.
  • Start-up businesses frequently under price their products, while tempting to be the lowest price, make sure you understand the full costs that are included in your product or service, such as shipping and rent and the value of your own time. 
  • Maintaining a healthy margin is the only way to achieve profitability.
For more information, contact us at 204-478-7266x110.
 
 
About Us...

 

Beal Business Growth Consultants, Inc. helps owners of small and medium-sized businesses to buy, sell, value, and grow their businesses.  We also work with individuals who are looking to buy or start a business or franchise.

 

Call us at (204) 478-7266 x110 for a free, initial 30-minute consultation to explore how we can help you buy, sell, value or improve your business.

 

Legal

Copyright 2014 by Steven Beal, Beal Business Growth Consultants, Inc.  The information herein is not complete and is intended only to provide guidelines to supplement counsel the reader receives from a qualified professional.  It is distributed with the understanding that the author is not rendering legal, accounting or tax advice or opinions on specific facts or matters, and accordingly, assumes no liability in connection with its use.

 

 

Published by Beal Business Growth Consultants, Inc.   

 

www.bealconsultants.ca