Daryl Ching, a Toronto-based chartered financial analyst, has worked with dozens of small business owners over the years. Some of them, unfortunately, fell on hard times and had to close.
When that happens, he’s seen some business owners sell personal assets to cover outstanding debt. He’s seen others manage to sell their businesses to investors. And occasionally, the operators of some failing companies have just walked away.
But one thing he’s never seen? “In my 12, 13 years in business, I’ve seen companies close up, and zero of them went through a regular corporate…