Addressing the issues facing your business
Many businesses don’t have anyone internally to act as a sounding board for big-picture ideas and creative problem-solving. You need independent advice to see challenges and opportunities from all sides. At Bruce & Monahan, we become your trusted advisor for frank and candid assessments of your situation.
Your success is paramount
We are here for you throughout the year, no matter what the event or issue. We help you make more money, save more money and reduce risk by providing strategic advice that only someone who truly knows your business can. The following are just a few of the areas where we provide business advisory consulting services:
- Buying or Selling a Business
- Start-Up Advice
- Assisting with Financing and Bonding
- Succession Planning
Buying or Selling a Business
Helping you every step of the way
Buying or selling a business can be a very stressful process filled with unknowns, questions and uncertainties. While most people only ever buy or sell one business in their lifetime, we help many clients every year. This experience is invaluable to our clients, allowing us to provide sound advice throughout the purchase or sale process.
Buying a business: We can help you ask tough questions to really evaluate the opportunity; pull together forecasts and other financial information for the business plan; help determine how much the business is worth, how to structure the purchase and how you can finance it; and help you negotiate the price, secure financing, set up bank accounts and do tax planning around the ownership.
Selling a business: We can help you determine a price; find a broker to sell it for you; put together an information package on the business; and advise you on how to structure the sale so that you make the most money and save the most tax.
For strategic advice, contact Bruce & Monahan.
Helping you get started on the right foot
When you’re excited about a new business idea, it can be hard to think objectively about the opportunities and challenges you are facing. At Bruce & Monahan, we are trusted advisors to many entrepreneurial start-ups, providing frank and candid advice on all aspects of the new business. We help you through every step of starting up your business, including:
- Asking the tough questions to evaluate your business idea.
- Advising on how to finance the business.
- Setting up bank accounts and tax accounts with CRA.
- Structuring your internal financial systems.
- Answering general business questions.
For objective advice, contact Bruce & Monahan.
Assisting with Financing and Bonding
Helping you secure the financing you need
Accessing financing is crucial for business, and to do so successfully, we help our clients package their financial information so it is relevant to the potential lender. We can also speak to the lender on our clients’ behalf, clearly explaining the numbers in a way that the client may not be able to – and providing extra clarification when needed.
Facilitating bonding arrangements
As a general contractor or subcontractor, you are often asked for bonding, a crucial step in winning contracts. We can help you in your relationship with your bonding company.
For a smoother path to financing or bonding, contact Bruce & Monahan.
Effective transition of your business to your successors is critical to its continued prosperity
To build the business you have today, you have invested years of your life and significant financial resources. There is a lot of emotion involved when handing over the reins to someone else, so it is important that you have a trusted and objective advisor on your side.
Helping you address the complex issues of business succession
Many business owners simply don’t know the options that are available to them when selling their business. We can help. We are often used as a sounding board when assessing who would be a good candidate for owning and running your business. And whether you are transferring or selling your business, we can help you figure out the best way to do it from a practical perspective and a tax perspective.
We’ll guide you through the succession planning process, one step at a time. Contact Bruce & Monahan.