27 Sep 2012

Exit strategy key for small business owners

With the entrepreneurial spirit returning across Canada, innovations are bound to be successful. This means that many self-starting Canadian business owners will be faced with the decision of selling what they built.

Obviously a decision like this should be well thought out and small business owners need to plan accordingly. For many self starters looking to obtain cheap office space, a self storage container can serve the same purpose without the high cost.

"There is a lot of naivety amongst sellers," said Tom Deans, an entrepreneur-turned-speaker whose family has successfully sold businesses worth over $100 million. "They actually think they will negotiate the sale, get a cheque and never have to return and deal with all the issues of running a business with someone else as an owner."

Often, sellers have to stick around for at least a year to help the new owner transition. When considering to sell, a small business owner shouldn't get blinded by a quick payday and should think in the long term.

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.

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