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Business Exit and Transition

Subcategories from this category: Uncategorized

It takes a team to help a business owner.

Posted by on in Business Exit and Transition

ProInsure has developed a multi-disciplinary, client centric approach to helping business owners build value and develop business efficiencies as they plan for the day they will change ownership of their business.


Most advisors do not understand all the needs of the business owner and if they do, they cannot possibly have all the skills needed to solve the problems. Furthermore, most advisors attempt to build a wall of control around the client. This wall keeps other disciplines and important information and real value away from the owner and only serves the needs of the advisor. An advisor that works as a member of an inter-disciplinary team is of far greater value to the owner.


There are four main areas in where advisors help business owners.

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Every Successful Business Needs "Plan B"

Posted by on in Business Exit and Transition

Are you ready to sell your business and is your business ready to be sold?

I am going to stick my neck out here and say no – to both questions. You are not ready to sell your business and as a result, it is not ready for sale.

You are not ready to sell your business because you aren’t ready to retire, you don’t want to retire, you don’t know what to do if you were to retire and let’s face it, you like what you do.

Building your business gives your life purpose and (for the most part) it is fun to build. Because you are not finished building it, plus the fact you aren’t sure what you would do if you did sell it means that it is not ready to be sold.

Daniel H. Pink says in his book Drive: The Surprising Truth About What Motivates Us, that the secret to high performance and satisfaction—at work, at school, and at home—is the deeply human need to direct our own lives, to learn and create new things, and to do better by ourselves and our world.

As a self-employed entrepreneur I love directing my own life, learning new things and having purpose to my life. I am not ready to sell my business either but, just like most business owners I recognise the need to have a backup plan - “Plan B” – in writing.

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What is your succession plan?

Posted by on in Business Exit and Transition

Do you have a succession plan for your business?

If you are like over 87% of most business owners are too busy running your business to find the time to write a succession plan.

Having a plan in place, even if you have no immediate interest in selling or retiring, is good business.

How long would the business last without you?

An unexpected accident or illness will have your people wondering what to do next. A plan, in writing, keeps employees from panicking and the business keeps running as usual.

We help business owners put on paper the plans that are in their heads and prepare the business for the day it will transition to new owners, internal management or family members.

Our plans:

  • minimize taxes
  • maximize and protect shareholder values
  • clear up or head-off shareholder issues
  • create contingencies plans
  • prepare a smooth transition to new ownership
  • fund a full and meaningful retirement

It takes two to five years to implement this type of plan, so the need to start planning may come sooner than you think!

Please watch The Role of Business Advisors by Dr. Tom Deans

Call or email us to learn more about how we can help you pay less tax and fund a full and meaningful retirement.

Nick Godfrey | 905-815-7186 |

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Preparing your business for sale

Posted by on in Business Exit and Transition

Do you need a business speaker for your next event?


We have developed an entertaining and informative presentation entitled, “Preparing your business for sale.”


We deliver a presentation that is of interest to all stages of business from small start-ups to large mature businesses.  Business people, self-employed persons, business owners and others who may be thinking of starting their own business will all have something to take away from this presentation. (It is not a sales pitch for products or services.)

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