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I am interested in strategies for building and managing my business.
Deborah, 42, is the president of a car dealership in Halifax. When she started the business 13 years ago, she had just four employees. Now her business has 20 employees, growing sales and she has plans to expand. Deborah wants help with long-term planning both for herself and her business. She wants to know what she should be doing to plan for the eventual sale of the business, and what its impact will be on her goal to retire at 55.
The BMO Harris Private Banking team of experts analyzed her complete financial picture, coordinating her business and personal Banking needs. Credit financing was arranged to help Deborah expand her business and open a second dealership, in nearby Dartmouth. A business succession plan was developed that allowed Deborah to consider and choose from among the strategic options available to her. The plan positioned her business to align with her long-term goals. The team also developed an investment management strategy that would help build her wealth and allow her to reach her retirement goals.
The characters in this scenario are fictional. Any similarities between them and any real person is strictly coincidental.
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