BUSINESS OWNER SUCCESSION STRATEGIES WORKSHOP
Date: Monday, May 26th, 2014
Time: 12 noon – 2:00 pm
Location: Employment Connection’s Large Boardroom
9907 – 99th Avenue, Fort St. John, BC V1J 1V1
Reserve early to guarantee seating. RSVP by Friday, May 23rd by calling the Chamber’s office at 250-785-6037.
Light lunch will be provided – No charge.
Venture Connect in partnership with the Province of BC and Community Futures BC is offering Business Succession Planning Workshop.
Over the next few years about 1/4 of all BC Businesses will go on the market for sale. In years past, the population growth and demographics easily supported new buyers to take over these businesses. This is no longer the case. The entrepreneur shortage is expected to last for the next couple of decades which will place many British Columbia businesses and communities at risk, especially rural communities. Research shows the average time to sell a business is growing – and growing quickly. In 2006 it was 7.9 months and now this has grown to a year longer. A CIBC study concludes the owners of half of all small and medium sized business in Canada are set to retire over the next decade. It’s clearly a buyer’s market and expected to stay this way for years to come.
– Who will buy all these businesses?
– More importantly, who might buy your business?
– And what can you do to improve your return from a sale?
Get the information you need to plan and prepare for your desired succession.
– Understand your exit options.
– Ensure your business gets exposed to the right target market.
– Maximize its value when you sell.