New Business Buyers
If you are thinking about buying a business for the first time, you might be working with a business broker who is helping with the search. Business brokers often bring buyers and sellers together; smart buyers know that they need their own advisor: one who is 100% in their corner, helping them assess target companies, asking good questions, supporting them through the buying process and guiding them through due diligence, a time to confirm that what you think you are buying is what you are actually buying.
If you are worried that you might buy a lemon because you are an inexperienced buyer, we can help.
If you are planning to buy a business or have purchased a business in Canada recently, you can likely relate to one or more of these statements:
- You’re worried that you might make a bad purchase decision and don’t know where to get help. Your dream may become a nightmare!
- You feel that the seller wasn’t completely transparent with you about the success of the business
- Managing the people that your business depends on isn’t as easy as you thought it would be – staff, suppliers and clients
- Planning and managing cash through the peaks and valleys of your operating cycles is giving you grief
We Get It
Whether you’re planning your first acquisition or have already purchased a business, you want it to be successful – contribute to your financial and lifestyle goals. You, and many more like you, are good people wanting to build a successful business to benefit your family, create jobs in the community and serve the clients. Although you may be well versed in the industry, you may have less experience when it comes to assessing the risks and valuing a business before making an offer. Your experience may not have prepared you for the owner roles and the decisions you are making to sustain and grow the business.
Our Programs
Pre-Acquisition
For first time business buyers including immigrants using the Owner Operator LMIA stream.
If you are worried that you might buy an unprofitable business because you are an inexperienced buyer.
Get an advisor 100% in your corner
This 12-hour DIY program includes:
✓ how to find and assess target companies for acquisition
✓ become familiar with the buying process and various players
✓ discuss bankability, deal structure and financing options and
✓ receive guidance on implementing changes post acquisition
✓ an orientation to the business planning process
Post-Acquisition
For first time business buyers who are in their first 18 months of business ownership.
The program supports new business owners who are transitioning into a business owner role from an employee role.
Get an overview of key success factors.
This 12-hour DIY program includes skill and knowledge building in 4 primary areas:
✓ Financial Management
✓ People Management
✓ Change Management
✓ Strategic Planning
Activities than generate, produce, sustain, support and enhance income.
Next Steps
For new owners looking for more in-depth information and support
Dive Deep to become expert business owners
See our Business Owner Programs
Ask us about our customized consulting – Business & Feasibility plans, strategic planning, Financial Analysis, Pitch decks and more.
who we are
ProVision Business Advisors
ProVision Business Advisors is a boutique management consulting firm headquartered in Calgary, Alberta, Canada. We work with CPAs, bookkeepers, legal and professional firms supporting frustrated managing partners to improve their practice management skills, processes and knowledge. ProVision Business Advisors also offers succession, family business & exit planning programs; business acquisition programs; professional practice management programs; cash management programs and employee performance management programs.