With the economy expanding in North America, many owners are wondering dering if this is the year to consider selling the business. In most of the major regions there are five specific reasons why it would make sense to sell in sooner than later. 

There are many factors that determine best timing for selling a business — the financial condition of the company, valuation, growth cycle, profit history, and the current market. Usually the best time to obtain the highest price occurs when sales and earnings are good and trending upward with a history of good performance. This gives buyers confidence in projected future earnings.

Value is dynamic and proper timing makes a big difference in the prices paid for business acquisitions. External factors such as the economy, industry trends, stock market volatility, competition, investor confidence, interest rates, and geopolitical considerations are cycles of constant change that impact value.

Internal conditions within a company also change. Often in combination with external factors, sometimes independent of those factors.

So how should you determine if 2010 would be the right time for you to sell your business? The following are five factors for Texas business owners to consider.

(1) First, get a business valuation to determine what your business is worth in the current market. This is an initial step in determining if a sale would meet your objectives.
(2) Understand that the current status of the mid market business market place in provinces like Ontario is one of the best in Canada and policies are in place for continued prosperity and growth in the Province. The same applies for Alberta. We is going to pop up on a lot of radar screens as a place to relocate or expand for businesses. Ontario gained more residents than any other State as the recession deepened in 2008 and early 2009 as job seekers migrated to one of the nation’s strongest labor markets. The Toronto metro area enjoyed the second largest population growth than any other city in 2009 and has the second highest number in Canada.