10 Tips for Buying a Small Business

Based on a survey conducted by Merger Network in 2009 among 350 recent buyers, a list of 10 Tips for Buying a Small Business was compiled.

1. Activate your Social Network. Friends, relatives, and business associates are the best resources to tap when it comes to looking for potential business opportunities,   according to recent buyers. Business intermediaries are another potential source for finding out about new business ventures. The majority of respondents indicated the web as the top place to start your search.

2. Get your financial house in order. One of the first things buyers suggest is to get your financing in order. Be sure you have enough money to cover costs for 12‐18 months, add 50% to your   estimates for unforeseen expenses and don’t forget about advertising and marketing budgets. Respondents cautioned prospective buyers to keep the economic downturn in mind when preparing forecasts. Be conservative and be prepared.

Tofino Chamber of Commerce - Investor Open House

Taken from the Tofino Chamber of Commerce newsletter:

" On the 21st of March a group of Iranian investors will visit Tofino to look for investment opportunities. The visit is a part of the SunBelt Investors British Columbia Investment Orientation Tour, designed to show investors what BC has to offer. Because the Iranians are focused on Vancouver Island, investments would stimulate the local economy and create employment opportunities therefore positively influencing the local economy.
 

An open house will be held by the Tofino-Long Beach Chamber of Commerce at Cable Cove Inn's waterfront Yurt on Sunday, March 21st at 7:30pm. Members seeking investors or growth financing are welcome to attend and present their ideas. Michael Naprawa, the owner of Sunbelt Nanaimo, will also discuss investment opportunities in Tofino."

For more information, please contact info@tofinochamber.org or nanaimo@sunbeltnetwork.com.

Iranians Look to Invest in Island - Sunbelt Business Brokers BC

Article in the Nanaimo News Bulletin on Tuesday March 6:

ARTICLE LINK

The Iranians are Back for More!

Another delegation of Iranian Investors hits the Island to explore for business opportunities.

Nanaimo, BC (March, 2010) – Sunbelt Business Brokers BC, Nanaimo, BC a global provider of business brokerage services, announced today that they will be accompanying another group of 10 Iranian investors to several Vancouver Island businesses for sale. The group of 10 Iranian investors and their spouses will be visiting the Island as part of the British Columbia Investment Orientation Tour, especially designed to show investors what the province of British Columbia has to offer.