What's Your Exit Strategy?
Creating an Exit or Succession Plan for your business is often overlooked by small to medium sized business owners. Until it really matters.
Succession Plans help support all your goals: retirement, sale, or to take up other opportunities. It also helps in those times you would rather not think about, like illness or injury.
In partnership with Succession Matching, we are conducting online webinars and in-person workshops in Parkland County.
Scroll down to see the top 3 questions you should be asking yourself before putting your plan in place, then signup for our free download Succession Planning: 6 FAQs and Guide to Selling Your Business in Alberta.
Frequently Asked Questions
1. What is Succession Planning?
Succession Planning is the exit strategy by which you will be able to sell your business, or pass it on to a family member. It also covers other eventualities such as injury or illness, when you need to put a plan into place quickly.
2. When should I start thinking about it?
It’s never too early to think about a Succession Plan for your business. Having an eye on the endpoint from day one, will help you create a business which is built on a strong foundation, resilient processes, and focussed strategies. So that the move to sale or succession is trouble-free.
3. What's the first thing I should do?
Create a list of relevant objectives for your business. Think about your finances, reputation, expansion plans, retirement goals, and the impact of your plans on others like your family, staff, etc. Make your objectives as specific as possible, including the dates by which you’d like to see them be achieved, and/or any financial goals you might have. This list will become your input into the Succession Planning process.
Want to Learn More?
Click below and we’ll send you Succession Planning: 6 FAQs, a short primer for getting you focused on taking your first steps. We’ll also let you know when our workshops and webinars are ready, and give you the very first opportunity to grab a spot.