Did you know that 41% of local businesses have indicated that in the next 5 years they are looking at exiting their business?
Did you know that the most common form of succession is the sale of the business?
YOUR SMALL BUSINESS IS BIG BUSINESS IN OUR COMMUNITY!
Thinking about Succession Planning sooner rather than later is a good idea for our local small businesses as their "buyer pool" is significantly smaller.
COMMUNITY FUTURES CAN HELP YOU WITH YOUR TRANSITION.
Business Succession Planning will help you understand all the options in selling your business; the pros and cons of each; the important steps to take and how to avoid potential conflicts.
Attend one of our workshops or come in and see our business services staff to get help to develop a real working plan on the best succession plan for your business.
The workshop training includes:
- When is the best time to exit your business?
- Deciding who to succeed you - family, employees or an outsider - and the pros and cons of each.
- How to work with the successor - is it a quick turnover or mentorship?
- Setting your business up for maximum value - what needs to be done?
- Who are the experts to get you transitioned easily with the best return on your investment?
- Business valuation - how much is your business really worth?
- Biggest mistakes and best practices.
Check out our Business Workshop section for the next scheduled Business Succession Planning Workshop.
BUSINESS SUCCESSION PLANNING RESOURCES
BUSINESS SUCCESSION IN BC
