4 Oct 2012

Time before small business buyout requires assessment

The value of a small business is worth what the market says it's worth, no matter how much an owner thinks it may be worth.

For small businesses looking to cut costs, Toronto self storage can be used in place of expensive office space.

For an entrepreneur looking to get the maximum buyout on their business, it is important to first do a review of the company. This means assessing management teams to ensure the company is capable of standing on its own after being sold. In addition, this means ensuring accounting information is accurate and reflects finances properly, the Toronto Star reported.

Business owners also need to know they can't just up and leave the business behind after it's sold either.

“You can't walk away totally scot-free and just go to Florida,” David Simpson, a lecturer at the Richard Ivey School of Business, told the Toronto Star. “They're probably going to want you to stay around from six months to a year, no disruptions, for whatever they need you for. It's time intensive, it's intrusive, and you can't get out that easily.”

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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