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Smythe Advisory’s Arthur Klein was recently featured in Right Sizing Magazine on the importance of doing the research before purchasing a business.
To select a community, Klein says buyers should picture the lifestyle they’re seeking. “If you’re looking to relocate to Nelson, for example, you need to decide how you envision yourself living in that market. Do you understand the community and its needs? Is there further growth, or [a sector] that’s underserved?” Klein suggests really getting to know regions of interest before buying a business. “Almost every significant community has a city-based Chamber or a regional Chamber of Commerce,” he says. “Spend some time there talking to people and driving around.”
If you are considering selling your business, are looking for strategic acquisitions, or have any questions regarding the article please contact Arthur directly at firstname.lastname@example.org or (604) 694-7528.